1. Market Overview
Hong Kong stocks started the session on a firmer footing as the Hang Seng Index edged up 0.15% to 25,890.99. The China Enterprises Index added 0.13% to 8,585.00, while the Hang Seng Tech Index outperformed with a 0.33% rise to 4,901.74. Turnover indicators were not yet available, but early price action pointed to a cautiously positive risk tone.
Gains were concentrated in artificial-intelligence hardware, PC makers and selected platform names, offsetting pressure in optical component suppliers. AI specialists Z.AI and MINIMAX led the advance, while fiber-optic equipment makers such as ZJ Innolight and YOFC weighed on sentiment.
2. Sector Performance
Large Technology Names
Lenovo Group rises 3.53%, Alibaba rises 2.07%, Tencent rises 1.19%, Xiaomi rises 0.14%, Kuaishou rises 0.09%, Meituan falls 1.13%, NetEase falls 0.97%, Baidu falls 0.54%, Bilibili falls 0.47%, JD.com falls 0.39%
Top Rising Sectors
• AI & Robotics rises 3.96% • PC Hardware rises 3.53% • Semiconductor Foundries rise 1.07%
Top Falling Sectors
• Optical Components falls 14.95% • Telecom Gear falls 11.60% • Online Services falls 1.13%
3. HK Top Gainers 10
| Stock | Code | Price (HK$) | Gain |
| CSOP SK Hynix Daily (2x) Leveraged Product | 07709 | 39.50 | +6.47% |
| DEEPEXI TECH | 01384 | 37.00 | +5.84% |
| HAIZHI TECH GP | 02706 | 40.24 | +5.51% |
| HESAI-W-NEW | 02525 | 18.16 | +4.25% |
| CCTC | 06951 | 108.00 | +4.05% |
| Z.AI | 02513 | 1050.00 | +3.96% |
| JNBY | 03306 | 20.78 | +3.69% |
| LENOVO GROUP | 00992 | 25.70 | +3.53% |
| MINIMAX-W | 00100 | 238.00 | +3.39% |
| ASMPT | 00522 | 163.00 | +3.16% |
Filter: Market cap above HK$10 billion
4. HK Top Losers 10
| Stock | Code | Price (HK$) | Loss |
| ZJ INNOLIGHT | 03308 | 1001.00 | -14.95% |
| CIG | 06166 | 76.20 | -11.60% |
| DELTON | 01989 | 104.40 | -5.26% |
| YOFC | 06869 | 100.20 | -5.11% |
| CFMEE | 09630 | 294.80 | -4.90% |
| TIME INTERCON | 01729 | 14.10 | -4.60% |
| VGT | 02476 | 182.00 | -4.41% |
| AUNTEA JENNY | 02589 | 120.50 | -4.37% |
| SOFTCARE | 02698 | 32.90 | -3.18% |
| NANSHAN AL INTL | 02610 | 27.22 | -2.58% |
Filter: Market cap above HK$10 billion
5. Opening Summary
The Hang Seng Index opened modestly higher, hovering just below the 26,000 mark as investors weighed overnight Wall Street strength against lingering global growth concerns. A 0.15% uptick for the benchmark and a 0.33% improvement for the Hang Seng Tech Index signalled a tentative risk-on mood, while the HSCEI advanced 0.13%.
Large technology counters were split. Hardware-oriented names such as Lenovo (+3.53%) and Alibaba (+2.07%) outperformed, aided by continued interest in AI infrastructure build-outs and upbeat PC shipment data. Tencent gained 1.19% to approach HK$500, but food-delivery major Meituan slipped 1.13% amid profit-taking. NetEase (-0.97%) and Bilibili (-0.47%) also softened.
The most eye-catching individual mover was Z.AI, jumping 3.96% to HK$1,050 on sustained AI enthusiasm, while MINIMAX (+3.39%) and ASMPT (+3.16%) added to hardware strength. Conversely, optical component maker ZJ Innolight plunged nearly 15%, dragging peer YOFC down over 5% as traders rotated out of the sector.
Sector rotation favoured AI hardware, PC makers and semiconductor foundries, while optical components, telecom gear and selected online services lagged. No major IPO priced this morning, keeping primary-market activity quiet. Investors now look to earnings guidance from heavyweight tech firms later this week for direction.
Source: Public market data and media reports
Disclaimer: For reference only. Not investment advice.