The Hang Seng Index rose 0.87% or 218 points to 25,400 in morning trading.
The Hang Seng Tech Index climbed 1.8%.
Morning turnover in Hong Kong reached HKD 195.2 billion.
SaaS (Software-as-a-Service) stocks experienced a broad rally.
U.S. software sector earnings are challenging the narrative of AI dominance, leading to a full release of valuation repair potential.
**Inspur Digital Enterprise Co., Ltd. (00596)**
Inspur Digital Enterprise surged 15.6%.
**Kingdee International Software Group Company Limited (00268)**
Kingdee International soared 18.8%.
**Marketingforce (02556)**
Marketingforce jumped 14%.
**Chinasoft International Ltd. (00354)**
Chinasoft International advanced 13%.
**Weimob Inc. (02013)**
Weimob Inc. gained 10%.
Coal stocks mostly traded higher.
Supply constraints may exceed market expectations, while rising temperatures are expected to gradually drive peak season demand.
**Yankuang Energy Group Company Limited (01171)**
Yankuang Energy rose 7%.
**China Coal Energy Company Limited (01898)**
China Coal Energy climbed 8%.
Power stocks continued their upward move.
Power loads in southern China have hit record highs for four consecutive days, with coastal spot electricity prices showing a significant increase.
**Huadian Power International Corporation Limited (01071)**
Huadian Power International gained 5%.
**Huaneng Power International, Inc. (00902)**
Huaneng Power International added 3.5%.
**CHINA RUYI (00136)**
CHINA RUYI rose 12.5%, having repurchased over HKD 300 million worth of shares in May, following the signing of a game cooperation framework agreement with Tencent.
Global container shipping freight rates are soaring.
**Cosco Shipping Holdings Co., Ltd. (01919)**
Cosco Shipping Holdings rose over 5.79%.
**Orient Overseas (International) Limited (00316)**
Orient Overseas (International) gained over 6%.
**YIDU TECH (02158)**
YIDU TECH advanced over 5.92%, planning to acquire a platform with millions of online doctors; Yidu Zhixun may become a synergistic core.
**PATEO (02889)**
PATEO climbed 7.85%, partnering with NVIDIA to develop future smart mobility, with the AI Box moving towards commercial implementation.
**INGDAN (00400)**
INGDAN rose another 14.2%; the AI infrastructure race has shifted towards system efficiency optimization, with the company having ample orders and improving operations.
**MIXUE GROUP (02097)**
MIXUE GROUP gained over 6% again; its film project "Make a Wish! Snow King" has received approval for filing, marking the company's official entry into the film industry.
**MAN YUE TECH (00894)**
MAN YUE TECH surged over 44%, with its stock price soaring nearly sixfold in the past month; the company is an aluminum electrolytic capacitor manufacturer.
**COSCO SHIP ENGY (01138)**
COSCO SHIP ENGY fell another 7.7%; idle capacity from the Middle East is returning to the market, and the oil tanker market remains oversupplied.
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