1. Market Overview
The Hang Seng Index opened up 0.48% at 25,774.87, while the Hang Seng China Enterprises Index firmed 0.47% to 8,573.80. The Hang Seng Tech Index added 0.85% to 4,665.28, holding above the key 4,500 threshold and setting a positive early tone for growth counters.
Gains were concentrated in artificial-intelligence, internet and industrial upgrade names, helped by a stabilising U.S. tech backdrop and steady mainland data. Traditional defensives such as property developers and utilities underperformed as investors rotated toward higher-beta themes.
2. Sector Performance
Large Technology Names
Baidu rises 3.14%, SMIC rises 1.87%, Lenovo rises 1.77%, Tencent rises 1.21%, Alibaba rises 0.69%, Meituan rises 0.58%, NetEase rises 0.51%, JD.com rises 0.27%, Kuaishou rises 0.06%, Xiaomi rises 0.00%
Top Rising Sectors
• Human Resource & Employment Services rises 9.92%
• Artificial Intelligence Software rises 8.25%
• Heavy Truck Manufacturing rises 6.30%
Top Falling Sectors
• Property Investment & Development falls 6.95%
• Publishing & Media falls 5.67%
• Robotics Equipment falls 4.22%
3. HK Top Gainers 10
Stock | Code | Price (HK$) | Gain |
BOSS ZHIPIN-W | 02076 | 69.80 | 9.92% |
CIRRUS | 02507 | 50.95 | 9.81% |
Z.AI | 02513 | 1115.00 | 8.25% |
SINOTRUK | 03808 | 42.20 | 6.30% |
ZCLOUD TECH CON | 09900 | 6.01 | 5.62% |
HANSOH PHARMA | 03692 | 33.42 | 5.29% |
KB LAMINATES | 01888 | 41.84 | 5.23% |
CSOP SK Hynix Daily Max (2x) Leveraged Product | 07709 | 39.40 | 5.07% |
MINIMAX-W | 00100 | 318.00 | 4.95% |
ZJ INNOLIGHT | 03308 | 1065.00 | 4.93% |
Filter: Market cap above HK$10 billion
4. HK Top Losers 10
Stock | Code | Price (HK$) | Loss |
GREAT EAGLE H | 00041 | 15.00 | -6.95% |
XINHUA WINSHARE | 00811 | 8.65 | -5.67% |
ONEROBOTICS | 06600 | 54.50 | -4.22% |
CHOW SANG SANG | 00116 | 15.91 | -4.16% |
CHINA FEIHE | 06186 | 3.13 | -3.98% |
MONGOL MINING | 00975 | 10.15 | -3.06% |
COSCO SHIP ENGY | 01138 | 15.51 | -3.00% |
CONCH CEMENT | 00914 | 17.19 | -2.88% |
BIOCYTOGEN-B | 02315 | 60.25 | -2.82% |
HESAI-W | 02525 | 17.10 | -2.45% |
Filter: Market cap above HK$10 billion
5. Opening Summary
The Hang Seng Index kicked off Thursday on the front foot, rising 0.48% as investors digested steady mainland macro data and a firmer overnight lead from Wall Street. The HSCEI tracked the advance, while the tech-heavy HSTECH rose 0.85% to 4,665, remaining above the closely watched 4,500 psychological level and underpinning risk appetite.
Large-cap internet and AI names drove the early rally. Baidu outperformed with a 3.14% jump amid ongoing enthusiasm for generative-AI applications, while Tencent, Alibaba and Meituan all gained more than 0.5%. Semiconductor plays SMIC and Lenovo added over 1.7%, helped by renewed hopes for supply-chain recovery.
Unusually strong moves were seen in recent AI debutant Z.AI, which spiked 8.25%, and HR platform Boss Zhipin, up nearly 10% after robust earnings guidance. Heavy-duty truck maker Sinotruk surged 6.3%, extending its momentum on infrastructure stimulus expectations. On the downside, property investor Great Eagle slipped almost 7%, and robotic equipment maker OneRobotics fell over 4%.
Theme-wise, artificial-intelligence software, recruitment services and heavy-machinery shares led early gains, suggesting continued positioning around tech upgrade and infrastructure spending. Conversely, property, media and consumer-staple counters saw profit-taking. No major IPO priced for trading today, keeping primary-market activity subdued.
Source: Public market data and media reports
Disclaimer: For reference only. Not investment advice.
