The Hang Seng Index rose 0.87% or 218 points to 25,400 in morning trading.

The Hang Seng Tech Index climbed 1.8%.

Morning turnover in Hong Kong reached HKD 195.2 billion.

SaaS (Software-as-a-Service) stocks experienced a broad rally.

U.S. software sector earnings are challenging the narrative of AI dominance, leading to a full release of valuation repair potential.

**Inspur Digital Enterprise Co., Ltd. (00596)**

Inspur Digital Enterprise surged 15.6%.

**Kingdee International Software Group Company Limited (00268)**

Kingdee International soared 18.8%.

**Marketingforce (02556)**

Marketingforce jumped 14%.

**Chinasoft International Ltd. (00354)**

Chinasoft International advanced 13%.

**Weimob Inc. (02013)**

Weimob Inc. gained 10%.

Coal stocks mostly traded higher.

Supply constraints may exceed market expectations, while rising temperatures are expected to gradually drive peak season demand.

**Yankuang Energy Group Company Limited (01171)**

Yankuang Energy rose 7%.

**China Coal Energy Company Limited (01898)**

China Coal Energy climbed 8%.

Power stocks continued their upward move.

Power loads in southern China have hit record highs for four consecutive days, with coastal spot electricity prices showing a significant increase.

**Huadian Power International Corporation Limited (01071)**

Huadian Power International gained 5%.

**Huaneng Power International, Inc. (00902)**

Huaneng Power International added 3.5%.

**CHINA RUYI (00136)**

CHINA RUYI rose 12.5%, having repurchased over HKD 300 million worth of shares in May, following the signing of a game cooperation framework agreement with Tencent.

Global container shipping freight rates are soaring.

**Cosco Shipping Holdings Co., Ltd. (01919)**

Cosco Shipping Holdings rose over 5.79%.

**Orient Overseas (International) Limited (00316)**

Orient Overseas (International) gained over 6%.

**YIDU TECH (02158)**

YIDU TECH advanced over 5.92%, planning to acquire a platform with millions of online doctors; Yidu Zhixun may become a synergistic core.

**PATEO (02889)**

PATEO climbed 7.85%, partnering with NVIDIA to develop future smart mobility, with the AI Box moving towards commercial implementation.

**INGDAN (00400)**

INGDAN rose another 14.2%; the AI infrastructure race has shifted towards system efficiency optimization, with the company having ample orders and improving operations.

**MIXUE GROUP (02097)**

MIXUE GROUP gained over 6% again; its film project "Make a Wish! Snow King" has received approval for filing, marking the company's official entry into the film industry.

**MAN YUE TECH (00894)**

MAN YUE TECH surged over 44%, with its stock price soaring nearly sixfold in the past month; the company is an aluminum electrolytic capacitor manufacturer.

**COSCO SHIP ENGY (01138)**

COSCO SHIP ENGY fell another 7.7%; idle capacity from the Middle East is returning to the market, and the oil tanker market remains oversupplied.