Hong Kong Stocks Recap: Hang Seng Tech Index Rises 2.7%, Semiconductors Soar, Huawei Semi Up 17%, SMIC Up 10%, Xiaomi Group Up 2.34%, Alibaba Up 2%, XPeng Motors Up 13%, NIO Up 10%

　　Grandon Financial August 22nd｜Hong Kong Stocks three major indices continued to rise in the afternoon, with market sentiment rising, presenting a reversal trend this week. The Hang Seng Tech Index surged 2.71%, with the Hang Seng Index and Enterprise Index rising 0.93% and 1.17%, respectively, retaking the 9,000-point mark.

　　On the market, large-cap tech stocks led the way in afternoon trading, with Xiaomi surging over 4%, Alibaba rising 2.34%, and Tencent and Meituan up over 1%. Baidu, JD.com, and other technology-related stocks also saw gains; meanwhile, two major news items sparked a rally in semiconductor stocks, with Huawei Semi soaring nearly 18% to lead the pack, SMIC up 10%, and Jingdong Semi up over 10%. Military-industry stocks, robotics concepts, auto stocks, stablecoin concepts, food and beverage stocks, and paper industry stocks all rose.

　　On the other hand, airline stocks bucked the trend, with China Southern Airlines (601111) plummeting over 5% after a series of declines. Copper industry stocks, brain-computer interface concept stocks, coal industry stocks, solar power stocks, and gaming stocks all performed poorly, with many technology-related stocks showing weakness. (Grandon Financial)