Hang Seng Rises 37 Points at Midday as Biotech and AI Stocks Surge
SingTao · 1 SOURCESabout 1 hour ago1 MIN
Summary
The Hang Seng Index opened 3 points lower and fell as much as 137 points before rebounding to close the morning session up 37 points, or 0.15%, at 25,567 . The Tech Index gained 16 points, or 0.34%, to 4,837 . Half-day turnover reached HK$141.1 billion .
Key Points
- Innovation drug stocks rallied collectively, with WuXi Biologics (2269) surging 6.81% to HK$44.20, making it the best-performing blue chip .
- WuXi AppTec (2359) rose 5.56% and Zai Lab (9688) jumped 15.28%, boosted by upgraded full-year revenue guidance .
- AI application stocks MiniMax (100) and Zhipu AI (2513) soared 17.7% and 17.57% respectively after DeepSeek announced significant price increases .
- PCB concept stocks surged after Goldman Sachs raised AI server market forecasts, with Shengyi Technology (2476) up 11.43% .
- Nason Technology (2261) soared 74.66% to HK$18.20 in its trading debut, having earlier hit a 90% gain .
Why It Matters
The broad-based rally across biotech, AI, and hardware sectors suggests renewed investor confidence in China's technology ecosystem despite ongoing geopolitical tensions . For Hong Kong retail investors, the strong debut of Nason Technology and the active southbound trading flows indicate continued appetite for new economy listings in the city .
The broad-based rally across biotech, AI, and hardware sectors suggests renewed investor confidence in China's technology ecosystem despite ongoing geopolitical tensions . For Hong Kong retail investors, the strong debut of Nason Technology and the active southbound trading flows indicate continued appetite for new economy listings in the city .