Hong Kong Stock Afternoon Review|Hang Seng Index rose 0.04% in early trading, Alibaba rose more than 6%

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 0.04% in early trading, up 11 points to 25,895 points; the Hang Seng Technology Index rose 0.74%. Hong Kong stocks traded HK$142.7 billion in early trading.

Alibaba-W (09988) rose 6.75% and released the Qianwen 3.8-MAX artificial intelligence model, which has 2.4 trillion parameters.

The General Administration of Market Regulation has taken steps to rectify the “internal volume” of photovoltaics. Xinyi Solar (00968) rose more than 9% to lead the blue chip increase, while Follett Glass (06865) rose 10%.

AI applications are once again active, and the “software devouring theory” is gradually revised, supported by iterative model capabilities and token calls. Minglue Technology (02718) rose 11%; Haizhi Technology Group (02706) rose another 9%; and Kingdee International (00268) rose 4%.

Nuclear power concept stocks rose collectively. China has approved 8 nuclear power units, and the entire industry chain is expected to usher in a boom cycle. Dongfang Electric (01072) rose 8.55%; Harbin Electric (01133) rose 4.6%; Shanghai Electric (02727) rose more than 4%; and CGN Electric (01816) rose 2%.

Haiguang Chip (01191) rose more than 15% and is locking in purchase orders for 10 million DSP chips in 2027.

Jiantao Group (00148) rose 5%. Net profit for the medium term is expected to increase by more than 4% year on year, and the profit of the copper-clad panel division has increased significantly.

Daikin Heavy Industries (01081) increased by more than 5%, and the KING Series No. 3 is expected to be delivered by the end of September this year.

Dexiang Real Estate (00199) rose more than 11%. The 1GW green AI computing power base was located in Yangkou Port, Nantong, and the company accelerated its evolution to the NeoCloud platform.

Yum China (09987) rose more than 3%, same-store sales and profit margins improved in 26Q2, and the Pizza Hut brand acquisition is about to be implemented.

Beijing Investment Transportation Technology (01522) fell 11%, and is expected to change from profit to loss of up to HK$60 million in the first half of the year.

Inspur Digital Enterprise (00596)'s earnings report fell 4.5% after the warning, and net profit due to the medium term is expected to drop by more than 60% year on year.

Jingneng Clean Energy (00579) fell by more than 9%, and net profit for the first half of the year is expected to decrease by about 25% to 35% year-on-year.

South Korea's Kospi Index fell, and Hynix (07709), which doubled in the South, fell by more than 14%, and traded nearly HK$4 billion.