Hong Kong Stock Midday Review | Hang Seng Index rises 1.93% at midday, Xiaomi Group-W up over 6%

Zhitong
2026.07.16 04:04

The Hang Seng Index rose 1.93% at midday in Hong Kong, with technology stocks generally rising. Xiaomi, Alibaba, XPeng, and other AI and automotive concept stocks performed strongly, with gains exceeding 5%; MarketingForce surged nearly 30%. Affected by the investigation into price manipulation of South Korean memory chips, Montage Technology plummeted over 17%, dragging down some sectors

According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose by 1.93%, up 476 points, closing at 25,157 points; the Hang Seng Tech Index increased by 3.08%. The midday trading volume in the Hong Kong stock market reached HKD 178.1 billion.

Automobile stocks continued their recent rebound, as new regulations on cost estimation in the automotive industry were implemented, helping to rectify disorderly price competition. XPeng (09868) rose by 7.7%; Voyah (07489) increased by 4%; Leapmotor (09863) gained 4.7%.

MARKETINGFORCE (02556) saw its gains expand by over 29%, with the proportion of high-margin AI application business revenue continuing to rise, and the pricing space for scenario tokens further opened up.

Xiaomi Corporation-W (01810) rose by more than 6%, with the MiMo edge model passing the record, releasing the embodied generative large model U0.

Alibaba-W (09988) increased by over 5%, with Alibaba Qianwen being integrated as AI capabilities into Apple’s intelligence.

Kejia Pharmaceutical-B (02171) rose by over 5%, with Kailimei® passing the preliminary review for the 2026 commercial insurance innovative drug catalog.

XunCe (03317) rose by over 7%, with TokenOS restructuring its commercialization system, opening up growth ceilings.

Huilyang Technology (01860) increased by 5%, with the new generation Infra platform expected to officially launch in Q4, likely to significantly drive performance growth.

Pop Mart (09992) rose by over 5% again, with Duan Yongping's shareholding exceeding 100 million shares, increasing his holding ratio to 7.65%.

Guanghetong (00638) rose by over 8%, recently becoming the first to complete the Qwen3.5 Qualcomm NPU edge adaptation.

Montage Technology (06809) fell by over 17%, under investigation by South Korea for suspected price manipulation, with the company responding that it will actively cooperate.

Zhaoyi Innovation (03986) fell again by 7.69%, with the IPO pricing of Changxin Technology now released, and the H-share cornerstone will be unlocked starting this week.

The Korea Exchange has initiated a temporary trading suspension mechanism for the KOSPI index. The "storage duo" led the market decline; FL2 CSOP Hynix (07709) fell by 18%

China Tech Rebound: Alibaba, Xiaomi, Tencent?
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