Hong Kong Stocks Midday Recap: Hang Seng Index Rises 0.43% in Morning Session, Physical AI Concept Gains Momentum

Stock News12:04

The Hang Seng Index rose 0.43%, up 99 points, to 23,140 points; the Hang Seng Tech Index climbed 1.8%. Morning session turnover in Hong Kong stocks reached HK$97.9 billion.

South Korean stocks surged sharply, with Samsung and SK hynix posting strong gains. CSOP SK hynix Daily Leveraged 2X (07709) soared 19%. Physical AI concept stocks strengthened. Shanghai is ramping up efforts in next-generation smart manufacturing, and global humanoid robot industry sentiment continues to improve. Syngen Intelligence (06106) rose 13%; Leaderdrive (03952) gained 9%.

UBTECH ROBOTICS (09880) jumped over 10%, as the company accelerates its expansion into the European market, with full-size embodied humanoid robot revenue growing rapidly.

PCB concept stocks led the gains. The PCB supply chain saw a notable acceleration in net profit growth in the third quarter, and institutions are bullish on the continuation of high prosperity. Kingboard Laminates (01888) rose 7%; Dingtai Hi-Tech (01377) gained 8%; Victory Giant Technology (02476) advanced 5%.

Junzheng Shares (03223) surged over 14% after earnings, with third-quarter net profit surging nearly 26-fold year-on-year, driven mainly by storage business contributions. Hengrui Pharmaceuticals (01276) rose over 11%, with third-quarter net profit up nearly 90% year-on-year and 12% quarter-on-quarter. Estun (02715) climbed over 9%, acquiring a 19.4574% stake in Estun Jiangsu Intelligent for approximately RMB 211 million. AAC Technologies (02018) jumped over 12%, as iPhone Duo supply remains tight, with institutions noting the company as a high-exposure Apple supply chain target. Baige Online (02672) rose over 6% to a new high, with MaaS revenue continuing to grow rapidly, and institutions indicating that its uncertainty discount is rapidly dissipating. Bama Tea (06980) fell over 18%, retreating more than 45% from its September high this year, as lock-up shares were released today upon the one-year anniversary of its listing.

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