Hong Kong's three major stock indices closed in positive territory. The Hang Seng Index rose 0.86% to 25,606.03, while the Hang Seng Tech Index gained 2.11% and the Hang Seng China Enterprises Index advanced 0.89%. Technology and internet stocks were broadly higher. LENOVO GROUP surged more than 19% following its results announcement. NTES-S rose over 5%, with BIDU-SW, XIAOMI-W, and KUAISHOU-W each gaining more than 1%. The semiconductor sector strengthened, with GigaDevice leading the gains, up over 12%. The artificial intelligence (AI) sector remained strong throughout the trading session, with KNOWLEDGE ATLAS soaring more than 26%. Newly listed TENNOR THERAP-B made a strong debut, closing its first trading day up over 178%.

The semiconductor sector showed strength, with GigaDevice climbing over 12%. The positive sentiment followed gains in the US memory chip sector on Thursday, where SanDisk rose more than 10%, Seagate Technology gained nearly 8%, Western Digital advanced over 5%, and Micron Technology increased more than 4%. SanDisk's CEO, David Goeckeler, told investors that the flash memory market is expected to face a supply shortage for a "very long time," presenting an excellent opportunity for the memory maker to transform its business.

The artificial intelligence sector was a standout performer. KNOWLEDGE ATLAS surged over 26%. The company is considered a top candidate for inclusion in the Hang Seng Tech Index during the current quarterly review by Hang Seng Indexes Company. Inclusion would subsequently grant the stock eligibility for the Southbound Stock Connect program, potentially attracting over HKD 100 billion in southbound capital inflows. Additionally, KNOWLEDGE ATLAS announced the opening of its GLM-5.1-highspeed API to select enterprise clients. The model boasts an output speed of 400 tokens per second, setting a new global benchmark for API speed among major model providers. This marks the first time a domestic large model has achieved a dual breakthrough of flagship-level capability and extremely low latency.

New listing TENNOR THERAP-B soared over 178% on its first trading day. During its public offering, the stock was oversubscribed by approximately 9,015 times. The final number of shares offered to the public was 828,100, accounting for about 9.35% of the total shares offered. The company received roughly 276,000 valid applications, with about 16,562 applications accepted. The success rate for applicants of one board lot was approximately 0.8%. In the international placement tranche, the stock was oversubscribed by about 9.24 times, with the final number of international offering shares being 8,027,900, representing approximately 90.65% of the total shares offered.