The Hang Seng Index rose by 0.34%, adding 89 points to reach 26,478, while the Hang Seng Tech Index increased by 0.30%. Trading volume in the Hong Kong market reached 181.2 billion Hong Kong dollars during the morning session.

Alibaba's AI revenue is experiencing exponential growth, with annualized AI revenue exceeding 100 billion yuan in June. Shares of Alibaba-W (09988) surged over 5% in early trading.

Naxin Micro (02676) soared more than 11% to a record high, driven by strong revenue growth in the first quarter as the analog chip sector enters an upward cycle.

Innoscience (02577) gained over 5% again, as HVDC's share in AI data center power supplies is expected to gradually increase.

Tianyue Advanced (02631) jumped over 17% to a new peak, fueled by a Citrini report boosting sentiment on silicon carbide, with the company's global market share continuing to rise.

Jitech-P (07666), on its second day of listing, saw its stock price climb 14%. The company specializes in AI-driven nano-delivery technology.

Hesai-W (02525) advanced over 4% as the company initiates its spatial intelligence strategic layout, with its robotics business poised to become a second growth driver.

Chow Tai Fook (06168) rose more than 3% after its controlling shareholder voluntarily extended the lock-up period, and its first-quarter net profit increased by nearly 30% year-over-year.

Lithium stocks declined in the morning session. The main lithium carbonate contract fell 4% intraday, with high lithium prices potentially impacting some energy storage demand. Ganfeng Lithium (01772) dropped 3.5%, and Tianqi Lithium (09696) fell 3%.

Gold stocks were among the top decliners. Lingbao Gold (03330) fell nearly 4% as stronger-than-expected U.S. inflation data heightened expectations for interest rate hikes. Zijin Mining (02899) declined 4.89%.

Photovoltaic stocks retreated across the board. Deli and Longi terminated a 5.5 billion yuan photovoltaic glass order, with institutions noting that industry capacity clearance is progressing slowly. Lens Technology (06613) fell 4.7%, and Flat Glass (06865) dropped 3.4%.