Hong Kong Stock Midday Review | Hang Seng Index up 1.57% in the morning session, copper stocks lead the gains

Zhitong
2026.07.03 04:04

The Hong Kong Hang Seng Index rose 1.57% to 23,416 points in the morning session, while the Hang Seng TECH Index increased by 2.02%. Copper stocks led the gains, with significant rises in China Nonferrous Mining and Zijin Mining due to cooling interest rate hike expectations. Most robotics concept stocks strengthened, with ESTUN AUTOMATION and LAIFUAL showing active performance. Gold stocks rose across the board, with ZHAOJIN MINING and LINGBAO GOLD leading the gains. Additionally, stocks like Qiming Medical and Libang Pharmaceutical also experienced significant fluctuations

According to Zhitong Finance APP, the Hong Kong stock Hang Seng Index rose by 1.57%, up 361 points, closing at 23,416 points; the Hang Seng TECH Index rose by 2.02%. The turnover of Hong Kong stocks in the morning session was HKD 166.1 billion.

Copper stocks led the gains. Market expectations for interest rate hikes have significantly cooled, and institutions indicate that the window for the recovery of copper stocks that were mistakenly sold off is approaching. China Nonferrous Mining (01258) rose by 11%; Zijin Mining (02899) rose by 9%; Minmetals Resources (01208) rose by 6.5%.

With the acceleration of the capitalization process and the approach of mass production, most robotics concept stocks strengthened. ESTUN AUTOMATION (02715) rose by 21%, planning to acquire the embodied intelligent robotics company ESTUN KUCZ; LAIFUAL (03952) rose by over 16%.

Woan Robotics (06600) rose by over 11%, further purchasing H shares according to the incentive plan, with the chairman of the board making a voluntary commitment to extend the lock-up period.

MicroPort Scientific-B (02252) rose by over 14%, as Tumai Robotics completed the 200th commercial installation globally.

Zhenjiankang Medical-B (02697) rose by over 7%, focusing on percutaneous puncture surgical robots, with institutions expecting it to enter the market in September.

UBTECH (09880) rose by over 8%, with orders for the U1 from YouWorld exceeding 10,000 units, and the consumer side set to open a second growth curve.

Gold stocks rose across the board. With the short-term probability of a Federal Reserve interest rate hike cooling, the gold market welcomed a rebound opportunity. ZHAOJIN MINING (01818) rose by 10%; LINGBAO GOLD (03330) rose by 15%.

Innovation Industry (02788) rose by over 10%, as uncertainties in aluminum supply from the Middle East remain, and the company recently completed asset acquisition matters.

Lepu Medical-B (09637) rose by over 13%, with a rapid price recovery after a short-term mispricing, and AP301 commercialization is about to land.

Qiming Medical-B (02500) rose by over 32% before noon, having signed an investment term sheet with three parties, with a total investment amount of up to 500 million yuan.

COSCO SHIPPING Energy (01138) rose by 5%, with the flow through the Hormuz Strait exceeding 10 million barrels per day, and short-term oil shipping rates are expected to surge significantly.

Poly Property Group (00119) fell by 4.9% after issuing a profit warning, with a projected loss of 700 million to 800 million yuan in the first half of the year, turning from profit to loss year-on-year

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