Hong Kong Stock Mid-Review | Hang Seng Index rose 0.91% in the morning session, Alibaba increased by over 6%

Zhitong
2025.09.24 04:06
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The Hong Kong Hang Seng Index rose 0.91% in the morning session, with Alibaba-W up over 6%. CEO Eddie Wu stated that they are advancing the construction of a 380 billion AI infrastructure. Chip stocks performed actively, with SMIC rising over 7% and Hua Hong Semiconductor up 7%. KINGDEE INT'L increased nearly 6%, and Yunzhijia was re-consolidated. Jinfo Pharmaceutical-B rose 6.77%, and Hisense H.A. increased 9.69% after reaching a strategic cooperation with Dow. The overall market turnover was HKD 150.9 billion

According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose by 0.91%, up 238 points, closing at 26,397 points; the Hang Seng Tech Index increased by 2.19%. The turnover of Hong Kong stocks in the morning session was HKD 150.9 billion.

Alibaba-W (09988) surged over 6%, with CEO Eddie Wu stating that they are actively promoting the construction of a HKD 380 billion AI infrastructure.

Chip stocks performed actively. SMIC (00981) rose over 7% to reach a new high, and Hua Hong Semiconductor (01347) increased by 7%.

KINGDEE INT'L (00268) rose nearly 6%, with Yunzhijia re-implementing consolidation, aligning its development direction with the company's strategy.

China Foods (00506) rose over 4% again, accumulating over 20% increase after entering the market, as the company is most suitable for undertaking food business within COFCO Group.

JinFang Pharmaceutical-B (02595) rose by 6.77%, with the company's research data showcased at the AACR annual meeting, currently forming a RAS-targeted therapy matrix.

Hong Kong Broadband (01310) rose over 5% again, as China Mobile's sale of shares aims to comply with regulatory requirements, which will improve the company's financial situation in the future.

China Innovation Aviation (03931) rose over 7%, benefiting from the strong domestic energy storage market and the trend of order centralization.

Hisense H.A. (00921) rose by 9.69%, as the company reached a strategic cooperation with Dow, and management is optimistic about the overseas home appliance business.

ASMPT (00522) rose over 8%, with a clear direction for semiconductor equipment localization, and the company's TCB equipment order volume increased by 50% in the first half of the year.

Xiangfeng Group (02473) once rose over 9%, with a morning increase of 5.86%. It has reached a strategic cooperation intention with Smart Donkey to accelerate the deployment of intelligent logistics

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