The Hang Seng Index climbed 3.09%, or 739 points, to 24,659, while the Hang Seng Tech Index soared 4.79%. Morning session turnover in Hong Kong reached HK$198.4 billion.
Tencent Holdings (00700) rose 5.53% as its latest Hunyuan model, Hy4, went live and ranked among the strongest open-source models. Alibaba-W (09988) jumped 7.46% after Apple's AI officially launched in mainland China, with Siri deeply integrating Alibaba's Qwen.
Gold stocks continued their rally. Multiple positive factors lifted the precious metals market, with spot gold forcefully breaking through the $4,100 mark. Chifeng Gold (06693) gained 4.5%; Zhaojin Mining (01818) rose 5.8%; Shandong Gold (01787) advanced 3.6%.
Pharmaceutical stocks remained strong. Sino Biopharmaceutical led gains after securing a US$7 billion BD deal, with its first three quarters of BD outbound licensing approaching last year's full-year total. Sino Biopharmaceutical (01177) climbed 6.7%; Akeso (09926) rose 5%; BeiGene (06160) gained 5.18%.
Auto stocks rose across the board. September automobile export value reached nearly US$31 billion, up over 40% year-on-year. Xiaomi Group-W (01810) surged 7%; Li Auto-W (02015) jumped 8%.
Solar stocks continued to rebound. IRA energy subsidies are expected to be extended, and U.S. new energy installation forecasts may be revised upward. Junda Shares (02865) soared 15%; GCL Technology (03800) rose 4.7%.
Kingdee International (00268) surged 14% as its AI product core capabilities were upgraded, with paid customers for its Lingji platform exceeding 3,700.
AI infrastructure stocks continued to decline. CSOP SK Hynix Daily Leverage 2X (07709) dropped over 17%; ASMPT (00522) fell over 10%; Yangtze Optical Fibre (06869) declined over 9%.
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Hong Kong Stocks Midday: Hang Seng Index Surges 3.09% in Morning Session, Tencent Rally Boosts Blue Chips
Stock News11-05 12:09
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