HK Stocks Midday: Hang Seng Up 0.11%, Gold Stocks Rally Across the Board
Alina Collins
The Hang Seng edged up 0.11% to 25,881 at the Aug 5 midday break; gold stocks surged on a weaker dollar to lead the session, while optical-module names slid on U.S. ban rumors.
Where does the broader market stand?
The Hang Seng Index added 28 points to 25,881, up 0.11%; the Hang Seng Tech Index gained 1.09%, clearly outperforming.
Morning turnover hit HK$143 billion, indicating decent liquidity.
This means → the headline index was flat, but money concentrated on two clear threads: tech and gold.
Why did gold stocks rally across the board?
Optimism over U.S.-Iran talks → oil prices tumbled → the dollar and Treasury yields weakened together → precious metals found support.
In plain terms = when oil falls and the dollar weakens, money flows into gold — and Hong Kong-listed gold names rode the wave.
Dragon Mining (01712) surged over 39% to lead the pack; China Gold International (02099) rose over 10%, Lingbao Gold (03330) gained 9%, and Chifeng Gold (06693) added 6.7%.
What is driving the tech rally?
Hai Zhi Tech Group (02706) jumped over 49% as the market linked it to Palantir's blowout earnings, viewing the U.S. peer as validation of its tech approach.
DeepFinance Tech (01384) climbed another 11%+; first-half AI revenue more than tripled year-on-year, marking a formal profitability inflection.
MINIMAX-W (00100) rose over 12% after its H3 open-source model landed 100+ partners within 24 hours; GigaDevice (03986) gained 8% on AI-driven memory demand that analysts expect to stay tight through 2027.
Why are smart-driving names still climbing?
China officially published a national standard for autonomous-driving system safety; analysts believe L2-level fundamentals have bottomed and are poised to rebound.
In plain terms = policy set the rules and the cycle found a floor — two signals stacked together give capital a reason to move in early.
Zhejiang Shibao (01057) rose 13%, MINIEYE (02431) gained 9.9%, and 51 World (06651) added over 7%.
Which other movers stand out?
Asia Pacific Resources (01104) gained over 8%, guiding interim profit attributable to shareholders at roughly HK$1.3–1.9 billion.
Estun Automation (02715) rose 4.9%, planning to acquire Estun Coolzo for RMB 487 million to broaden its product lineup.
COSCO Shipping Energy (01138) climbed over 5% as expectations grew for the Strait of Hormuz to reopen, potentially lifting VLCC — very large crude carrier — freight rates.
Why did optical-module stocks buck the trend?
U.S. ban rumors hit the sector hard: Innolight (03308) fell over 5% and Cambridge Industries (06166) dropped 5.68%, making them the session's main drag.
This means → whether the rumored ban materializes is the key variable for the sector — a debunking could trigger a swift rebound, while confirmation would deepen the pressure.
Content is for reference only, not financial advice.