Hong Kong Stock Market Midday Review: Hang Seng Index Up 0.32%, Tech Index Up 1.61%! Semiconductor Sector Soars, Hi-Power Semiconductors Up 12%, SMIC Up 6%, XPeng Motors Up 10%!
August 22, 2025, Hong Kong stocks rose across the board. As of midday trading, the Hang Seng Index was up 0.32% at 25,184.66 points, while the Hang Seng Tech Index rose 1.61%. The market saw a mixed performance, with some tech stocks soaring over 3%, while others fell nearly 5%. The semiconductor sector led the gains, with Hi-Power Semiconductors up over 12%.
The semiconductor sector continued to soar, with Hi-Power Semiconductors up over 11%. DeepSeek announced the release of its V3.1 version, which uses the UE8M0 FP8 Scale for improved precision. The company also emphasized that the new version has significant differences from its previous versions.
The Apple concept led the gains, with Sound Technology up over 4%. A new research report from Merrill Lynch suggests that iPhone 17 series inventory levels will be around 90 million units in the second half of 2025, similar to last year's levels. This follows earlier concerns about a decline of 5-10%.
The new consumer concept saw a rebound, with Naijia Superior Products up over 18%. The company's second-quarter earnings growth accelerated, with revenue growing 23.1% above expectations and adjusted net profit increasing by 10.6%. Same-store sales (SSSG) turned positive, ending the downward trend seen in the previous quarter.
The automotive sector saw strong gains, with XPeng Motors up over 10%. XPeng Motors announced that its co-founder and CEO, He Xiaopeng, purchased 3.1 million shares of the company's A-class common stock from August 20 to August 21 through Galaxy Dynasty Limited.
The airline sector saw weak performance, with China Airlines down over 6%. Major airlines released their July operating data. East Securities (601198) pointed out that the domestic route capacity increased by 2.3% year-on-year and 20.5% month-on-month.
Source: Sina News