The three major Hong Kong stock indices recovered in the afternoon session on July 14th.

At the close, the Hang Seng Index was up 0.52% at 24,340.73, the Hang Seng Tech Index gained 0.06%, and the Hang Seng China Enterprises Index rose 0.46%.

In terms of sector performance, technology stocks were mixed.

Meituan-W (03690) and Bilibili-W (09626) rose over 1%, while Baidu Group-SW (09888) fell more than 7% and NetEase-S (09999) dropped over 2%.

The PCB (Printed Circuit Board) concept saw a notable afternoon rally.

KB Laminates (01888) surged more than 14%.

The nonferrous metals sector was among the top gainers, with CHALCO (02600) climbing over 9%.

The semiconductor sector also staged a rebound.



Afternoon Surge in PCB Sector

The PCB concept experienced a strong upward move in the afternoon.

KB Laminates (01888) led the gains, rising more than 14%.

This followed the release of preliminary first-half 2026 results by several key PCB companies on the evening of July 13th, which showed significant year-on-year and sequential profit growth.

For instance, Shengyi Electronics forecasted a net profit attributable to shareholders of 1.082 to 1.137 billion yuan for the first half of 2026, representing an increase of 104% to 114%.

Wus Printed Circuit anticipated a net profit of 2.83 to 3.0 billion yuan, up 68.17% to 78.28%.

Shennan Circuits projected a net profit of 2.1 to 2.3 billion yuan, growing 54.41% to 69.12%.



Nonferrous Metals Sector Leads Gains

The nonferrous metals sector was a top performer.

CHALCO (02600) advanced over 9%.

This strength came as several leading companies in the sector issued positive profit forecasts for the first half of 2026.

Aluminum Corporation Of China Limited (601600) itself expects a net profit between 11.2 and 12.2 billion yuan for H1 2026, marking a year-on-year increase of 58% to 73%.

The generally strong preliminary results from industry leaders boosted market confidence in the overall profitability of the nonferrous metals sector.



Semiconductor Sector Rebounds

The semiconductor sector recovered from earlier losses.

Several factors contributed to the positive sentiment.

Meta announced a 13 billion Canadian dollar investment to build a 1GW data center in Canada, with plans to double its computing capacity to 14GW by 2027.

Separately, DeepSeek is reportedly advancing the development of its own AI inference chips to reduce external dependencies, having initiated industry talks and begun recruiting a design team a year ago.

Additionally, reports indicated that four South Korean government ministries will hold a meeting on Thursday to discuss countermeasures against the impact of single-stock leveraged ETFs on the stock market, marking the first formal discussion of this issue within that high-level economic coordination platform involving the Ministry of Economy and Finance, the Financial Services Commission, the Bank of Korea, and the Financial Supervisory Service.