Hong Kong Stock Market Review: Hang Seng Index Rises 0.25% and ChiNext Index Falls 0.38%! Semiconductor Sector Soars with SMIC, Hua Hong Semiconductor Rising Over 5%, Auspace Group Rising 43%, and Kuaishou Falling 9%

August 12 message, the Hong Kong stock market's three major indices rose and fell unevenly. As of the closing price, the Hang Seng Index rose 0.25%, reporting 24969.68 points, the Hang Seng Technology Index fell 0.38%, and the state-owned enterprise index rose 0.32%. On the floor, small-cap stocks rose and fell unevenly, with Xiaomi, Lenovo, and NetEase rising over 1%, Kuaishou falling over 9%, and Bilibili falling over 3%; the semiconductor sector led the way, with SMIC and Hua Hong Semiconductor rising over 5%; the dairy product sector also surged, with Auspace Group rising over 43%; and the Apple concept continued to rise, with HonTen Precise rising over 5%.

The semiconductor sector led the way, with SMIC and Hua Hong Semiconductor rising over 5%. On the information front, NVIDIA announced a series of new AI models, libraries, and other infrastructure at the SIGGRAPH conference aimed at robot developers. Huawei will also release breakthrough technological achievements in the AI inference field on August 12 at the 2025 Financial AI Applications and Development Forum, which may stimulate related concepts.

The dairy product sector surged, with Auspace Group rising over 43%. On July 28, the "Childcare Subsidy System Implementation Plan" was rolled out, providing a subsidy of 3600 yuan per child per year for children under 3 years old who meet legal and regulatory requirements. Jinchuan Securities pointed out that this policy has significant implications for reducing family childbirth costs, stimulating birth rates, and consumer potential for young families (especially in low-line cities), which is expected to benefit over 2 million families of infants and young children, with the potential to directly drive consumption of dairy products, especially baby formula.

The Apple concept continued to rise, with HonTen Precise rising over 5%. US President Trump announced plans to impose a 100% tariff on semiconductor imports, but promised that companies that invest heavily in the US would be exempt. Zhongyuan International pointed out that this exemption policy will have positive effects on the following areas: 1) smartphone/iPad/TWS-related companies, as Apple/ Samsung's exemption will alleviate market concerns about tariffs under Section 232; and 2) server/AI server companies, as servers are assembled in Mexico (under USMCA) and NVDA.US has committed to investing $5 billion in AI infrastructure in the US, which will maintain tariff exemptions.

Source: Sina News