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<H Shrs>HSI Climbs 80 Pts at Midday; XPENG-W/ SMIC/ HUA HONG SEMI Hyped Up; TENCENT Hits 4-Yr+ High
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The HSI concluded the midday up 80 points or 0.3% at 25,184. The HSCEI rose 47 points or 0.5% to 9,022. The HSCEI hiked 88 points or 1.6% to 5,586. The total half-day turnover for the market reached HKD149.765 billion.

TENCENT (00700.HK) advanced 1.9% to HKD601.5. It once hit an over four-year high of HKD606.5. XIAOMI-W (01810.HK) also grew 1.9%, while NTES-S (09999.HK) and BIDU-SW (09888.HK) inched down less than 0.1%.

DeepSeek-V3.1 officially launched the UE8M0 FP8 technology. DeepSeek said that the new precision format is dedicated to the upcoming generation of China-made chip designs, and that future training and inference based on the DeepSeek model are expected to adopt China-made AI chips more often. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) were hyped up 6.3% and 11.7%. Chip equipment stock ASMPT (00522.HK) also surged 4.2%.

Among other tech stocks, AAC TECH (02018.HK) and EAST BUY (01797.HK) ballooned 4.5% and 3.8%. BYD ELECTRONIC (00285.HK) swelled 3.1%. SUNNY OPTICAL (02382.HK), WEIMOB INC (02013.HK), and SENSETIME-W (00020.HK) gained 2.9%.

BILIBILI-W (09626.HK) provided lower-than-expected guidance for 2H25 online game revenue, plunging its stock price by 4.9%. KUAISHOU-W (01024.HK) shot up 4% as it reported a 20% YoY growth in its 2Q25 adjusted profit (far beyond expectations) and declared a special dividend. BABA-W (09988.HK) ticked up 1.3%. MEITUAN-W (03690.HK) edged down 0.4%. JD-SW (09618.HK) lost 0.6%. MEITU (01357.HK) rallied 5% as its chairman increased holdings by 700,000 shares at an average price of HKD10.

In the auto sector, XPENG-W (09868.HK) spiked 10.2% as its controlling shareholder increased holdings by 3.1 million shares. NIO-SW (09866.HK) mushroomed 7.3%. BYD COMPANY (01211.HK) added 1%.
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