On July 20, Southern Hang Seng Tech (03033) rose 3.18% in regular trading, trading at HKD 4.67 per share, with turnover of HKD 985 million.

On the news front, Hong Kong's three major indices opened collectively higher, with the Hang Seng Tech Index gaining 2.2% at open. Chips, PCB, and optical communication sectors led gains. The rally follows the previous trading day's sharp 4.37% plunge in the Hang Seng Tech Index, during which Zhipu collapsed 28.49% and the broader AI chain sold off heavily, releasing significant oversold rebound momentum.

Among major tech names, Alibaba rose 3%, while Meituan, JD.com, and Xiaomi gained over 2%. Montage Technology surged more than 6%. Institutions noted that prior selling pressure had been fully absorbed, with micro-level market structure stability expected to recover naturally, and the current price level presenting an oversold rebound opportunity. As an ETF tracking the Hang Seng Tech Index, the product's price movement directly reflects the underlying index's recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)