Hong Kong Stock Afternoon Review|Hang Seng Index rose 1.37% in early trading, and auto stocks rose ahead

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 1.37% to 346 points to 25,657 points; the Hang Seng Technology Index rose 2.2%. Hong Kong stocks traded HK$173 billion in early trading.

The Ministry of Industry and Information Technology is speeding up the preparation of the “15th Five-Year Plan” for intelligent connected vehicles, and automobile stocks rose ahead. Ideal Automobile-W (02015) rose 10% to lead blue chips; Chery Auto (09973) rose 6.73%.

Smart driving concept stocks had the highest gains. The Ministry of Industry and Information Technology is speeding up the preparation of the “15th Five-Year Plan” for intelligent connected vehicles, and the agency is optimistic that smart driving will accelerate equal rights. Sidi Smart Drive (03881) rose 8%; Hesai-W (02525) rose 7%.

Beishui increased its position in Xiaomi through the Hong Kong Stock Connect, and Xiaomi Group-W (01810) rose more than 9%.

Alibaba-W (09988) rose another 1.7% and released Qwen 3.8 as an important step in iterating the model to demonstrate its power. The company will benefit from the development of the AI cloud business.

Multiple factors are driving the strengthening of new consumption. Bruco (00325) rose more than 17%; Michelle Group (02097) rose 7.34%.

BYD shares (01211) rose nearly 5%, humanoid robots will be unveiled in August, and export momentum will continue until the third quarter.

China Tobacco Hong Kong (06055) rose more than 7%, and China Tobacco's new duty-free tobacco policy has been implemented, consolidating China Tobacco Hong Kong's exclusive business advantage.

Evergrande Property (06666) rose 6% in early trading, the controlling sale process was restarted, and due diligence work for potential buyers was about to begin.

Changfei Optical Fiber Cable (06869) fell more than 8%, and Corning's third-quarter results guidance fell slightly short of expectations, and the stock price plummeted.

Nanjing Panda Electronics Co., Ltd. (00553) fell by more than 10%, and there are no mature products related to brain-computer interfaces.

GigaYi Innovation (03986) fell by more than 10%. The purchasing power of consumer customers has reached its limit, and the DRAM price growth rate may slow down in the third quarter.

South Korea's KOSDAQ crash triggered a fuse mechanism, and trading was suspended. After doubling in the South, Hynix (07709) continued to plummet 25%.