HSI Rises 80 Points at Noon; XPENG-W, SMIC, and HUA HONG SEMI Generate Buzz; TENCENT Reaches Over 4-Year High
Market Performance: The HSI rose by 80 points (0.3%) to 25,184, while the HSCEI increased by 47 points (0.5%) to 9,022, with a total half-day turnover of HKD149.765 billion.
Tech Stock Movements: TENCENT and XIAOMI both saw gains of 1.9%, while NTES-S and BIDU-SW experienced slight declines. SMIC and HUA HONG SEMI surged significantly, increasing by 9.2% and 13.3% respectively.
BILIBILI-W Decline: BILIBILI-W's stock dropped by 6.3% after providing lower-than-expected revenue guidance for online games in the second half of 2025.
Auto Sector Gains: XPENG-W and NIO-SW stocks spiked by 10.3% and 7.4% respectively, following increases in holdings by their controlling shareholders.
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SENSETIME-W Releases SenseNova-MARS as Open Source
Stock Performance: SENSETIME-W (00020.HK) experienced a decline of 1.992%, with short selling amounting to $124.32M and a ratio of 9.644%.
Model Launch: The company announced the open-sourcing of its multimodal autonomous reasoning model, SenseNova-MARS, in both 8B and 32B versions.
Model Capabilities: SenseNova-MARS is the first open-source Agentic VLM that supports dynamic video reasoning and image-text retrieval, capable of autonomous planning and handling complex tasks.
Benchmark Performance: In core benchmarks for multimodal search and reasoning, SenseNova-MARS achieved an average score of 69.74, outperforming competitors Gemini-3-Pro and GPT-5.2.
HSI Rises 598 Points at Midday, Reaching Over 4.5-Year High; Financials, Developers, and Commodities Flourishing
Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.
Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.
Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.
Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.
