Hang Seng TECH Index rose by 2.7%, with strength in AI and media sectors. MING YUAN CLOUD surged over 16%, while CHINA LIT increased by almost 10%.

On June 13th, the Hong Kong stock market opened low and went up. The three major indexes turned red in the morning and were active at high levels in the afternoon. The Hang Seng Index rose by 0.6%, the Hang Seng Tech Index rose by 2.37%, and the state-owned enterprise index rose by 0.5%.

In terms of the market, SaaS, semiconductors, media, and automobiles had the highest gains, while petroleum and coal, non-ferrous metals, telecommunications, and banking had the highest losses.

CHINA LIT rose nearly 10%, SENSETIME-W and BYD ELECTRONIC rose over 7%, NIO-SW and Lenovo rose over 5%, Baidu and SMIC rose over 4%.

The AI concept and SaaS led the way, with MING YUAN CLOUD rising over 16%, YIDU TECH, and VOBILE GROUP rising over 10%, and CHINASOFT INT'L, Kingsoft Office, WEIMOB INC leading the gains.

The Apple concept rose with Granaode and BYD ELECTRONIC up over 7%, and AAC TECH up over 5%.

Media continued to improve with China Digital Video and Lehuayoule rising over 10%, and Alibaba Pictures and Maoyan Entertainment up over 4%.

The real estate sector rose, with China Urban Infrastructure rising nearly 19%, Country Garden and Baolong Real Estate up over 4%, and Yuzhou Properties, Longfor Group, and Eju Group up over 3%.

The automotive industry fluctuated upward, with NIO-SW rising nearly 6%, Dongfeng Group up over 4%, XPeng up over 3%, and ZEEKR, Geely, and BYD rising over 1%.

The coal and petrochemical sectors led the decline, with CNOOC and Yancoal Australia falling more than 3%, PetroChina falling more than 2%, and Sinopec and Sinopec Oilfield Service falling over 1%.

Telecommunications had the highest losses, with the three major telecoms companies falling by about 1%.

The decline in non-ferrous metals narrowed at the end, with China Daye Non-Ferrous Metals rising 5%, and Luoyang Molybdenum, China Nonferrous Mining, and China Silver falling over 1%.