Hong Kong's three major stock indices advanced collectively during the morning session. By the midday close, the Hang Seng Index had risen 1.56% to 25,804.66 points, the Hang Seng Tech Index increased 1.4%, and the Hang Seng China Enterprises Index gained 1.07%. Across the market, technology and internet stocks broadly rose, with Tencent Holdings up over 5%, Bilibili and Alibaba Group each gaining more than 3%, and JD.com and Lenovo Group rising over 2%. Lithium battery stocks were among the top performers, with Contemporary Amperex Technology Co.,Ltd. surging more than 8%. Semiconductor shares showed strength, with Iluvatar Corex climbing nearly 20%. AI application stocks were active, with MiniMax advancing over 9%.

Lithium battery stocks led the gains, with Contemporary Amperex Technology Co.,Ltd. jumping more than 8%. On the evening of March 9, the company released its 2025 annual report. The report disclosed that for 2025, Contemporary Amperex Technology Co.,Ltd. achieved operating revenue of 423.7 billion yuan, a year-on-year increase of 17%, and net profit attributable to shareholders of 72.2 billion yuan, up 42% year-on-year, demonstrating continued industry leadership in profitability. Both gross profit margin and net profit margin reached 26.3% and 18.1% respectively, hitting their highest levels in nearly five years.

Semiconductor stocks were strong, with Iluvatar Corex rising nearly 20%. Huaxin Securities believes that robust demand for AI computing power is driving a structural uptick in the semiconductor industry chain's prosperity. Entering 2026, the semiconductor industry is experiencing a wave of price increases that appears broad-based but is actually highly differentiated. Price hikes ranging from 10% to 80% are occurring across the entire industry chain, from memory chips to power devices, and from wafer foundries to packaging and testing. Significant profit improvements at leading companies like Biwin Storage corroborate the sector's strong recovery.

AI application stocks were active, with MiniMax gaining over 9%. MiniMax recently announced the launch of new "Lobster" capabilities—a new Voice Maker voice model and a Music Maker music model. Through the OpenClaw platform or MiniMax's MaxClaw, users can enable their AI assistants to possess capabilities such as customized voice tones and multi-language dubbing. Furthermore, the latest data from OpenRouter shows that among the large models on the leaderboard last week (March 2 to March 8), the weekly token usage of Chinese large models rose to 4.19 trillion tokens, an increase of 34.9% compared to the previous week. Among them, MiniMax's M2.5 model maintained its top position, with weekly token usage reaching 1.87 trillion tokens, up 15% week-on-week.