Knowledge Atlas (02513.HK) soared 12.44% during intraday trading on Friday, as the AI-focused stock benefited from improved market sentiment and sector-wide strength.
The surge was driven by a recovery in overseas tech stock sentiment, particularly in US storage and optical communication sectors, with optimism spreading to the Hong Kong market and lifting AI-related stocks. Additionally, broader market sentiment improved after US President Trump announced a potential ceasefire agreement between the US and Iran, easing tensions in the Middle East and boosting risk appetite.
The broader Hong Kong AI sector showed active performance, with peers also posting notable gains, reflecting strong investor interest in AI-related concepts amid the positive market environment.