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<H Shrs>HSI Closes Up 273 Pts; AI Concepts Surge; BIDU-SW Rallies 6%
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The HSI closed the day up 273 points or 1% at 26,433. The HSCEI rose 103 points or 1.1% to close at 9,467. The HSTECH climbed 111 points or 1.8%, closing at 6,171. The total market turnover for the day amounted to HKD267.077 billion.

AI- and chip-related concept stocks thrived. BABA-W (09988.HK) and BIDU-SW (09888.HK) swelled 3.1% and 6.2%. SMIC (00981.HK) and HUA HONG SEMI (01347.HK) leaped 3.5% and 5%. Chip equipment stock ASMPT (00522.HK) grew 4.2%. Telecom infrastructure stocks ZTE (00763.HK) and YOFC (06869.HK) hiked 3% and 3.6%. Power equipment stocks DONGFANG ELEC (01072.HK) and HARBIN ELECTRIC (01133.HK) rocketed 9.5% and 11.4%. Power stock CGN POWER (01816.HK) inclined 3.9%.

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TENCENT (00700.HK) advanced 2.9%. Its game "Honor of Kings" set a new record for daily active users this year. MEITUAN-W (03690.HK) plans to issue USD and RMB priority notes, lifting its stock price by 1.4%. Among other techs, KUAISHOU-W (01024.HK) and JD-SW (09618.HK) ticked up 1.5% and 2.3%. BILIBILI-W (09626.HK) added 1%. NTES-S (09999.HK) and XIAOMI-W (01810.HK) inched down 0.3%. MEITU (01357.HK) and CHINA LIT (00772.HK) surged 7.9% and 5.3%. KINGSOFT CLOUD (03896.HK) and GDS-SW (09698.HK) mushroomed over 3%.

The China Passenger Car Association indicated that last month's inventory pressure on domestic passenger cars decreased, forecasting strong total sales for auto manufacturers in the coming months. Car maker NIO-SW (09866.HK) shot up 4.5%. BYD COMPANY (01211.HK) and XPENG-W (09868.HK) gained 1.6% and 1.9%. GWMOTOR (02333.HK) jumped 1.5%, though its 1-3Q25 net profit dropped 17%.
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