Hong Kong Stock Midday Review | Hang Seng Index fell 0.12% in the morning session, AI applications are experiencing a comprehensive explosion
The Hang Seng Index fell 0.12% in the morning session, reporting 19,641 points, while the Hang Seng Tech Index rose 0.03%. US stock Applovin continued to rise, driving a comprehensive explosion of AI applications. Several companies, such as MOBVISTA, YIDU TECH, and KINGSOFT CLOUD, saw significant stock price increases of 36%, 14.88%, and 21.86%, respectively. At the same time, SPROCOMM INTEL's stock price plummeted over 90% due to the Hong Kong Securities and Futures Commission's concerns about the high concentration of its shareholder rights
According to Zhitong Finance APP, the Hang Seng Index fell 0.12% in the morning session, reporting 19,641 points; the Hang Seng Tech Index rose 0.03%.
U.S. stock Applovin continued to rise, driving a surge in AI applications across the board. Mintegral's revenue growth accelerated, and MOBVISTA (01860) surged 36% again, reporting HKD 8.30.
YIDU TECH (02158) rose 14.88%, partnering with Tsinghua Changgung Hospital and other units to establish the "Kunmeng AI Hospital Alliance" to accelerate the construction of smart hospitals.
Fourth Paradigm (06682) rose 12.84%, with revenue growth of 26% in the first three quarters, and revenue from the Prophet AI platform increased by over 50% year-on-year.
KINGSOFT CLOUD (03896) rose 21.86%, with the pace of AI computing power investment faster than expected, and third-quarter revenue increased by 16% year-on-year.
Weimob Group (02013) rose over 6%, as the trend of the AI Agent industry accelerated, and the company explored a new layout for AI Agents.
MicroPort Scientific Corporation-B (02252) rose 6.62%, with Tumi Robotics achieving breakthroughs in remote surgery, accumulating 10 overseas orders.
ConvaTec Group-B (02162) rose 9.4%, with BCMA/CD3 dual antibodies exceeding USD 600 million in overseas funding through NewCo.
China Hongqiao (01378) rose 3.72%, as the tight supply of alumina is expected to continue, enhancing profits in the company's alumina segment.
SPROCOMM INTEL (01401) plummeted over 90%, as the Hong Kong Securities and Futures Commission pointed out that the company's ownership is highly concentrated, following multiple share reductions by shareholders