Hong Kong stocks closed (12.30) | Hang Seng Index closed up 0.86% Baidu Group-SW (09888) rose nearly 9%, leading the blue chip robot concept to rise in the afternoon

The Zhitong Finance App learned that the three major indices of Hong Kong stocks rose collectively, and the increase further expanded in the afternoon. Among them, the Hengke Index performed the best, rising more than 2% at one point. By the close, the Hang Seng Index rose 0.86% or 219.37 points to 25854.6 points, with a full-day turnover of HK$199,769 billion; the Hang Seng State-owned Enterprises Index rose 1.12% to 8991.02 points; and the Hang Seng Technology Index rose 1.74% to 5578.38 points.

Everbright Securities pointed out that the overall profitability of Hong Kong stocks is relatively strong, while assets such as the Internet, new consumption, and innovative drugs are relatively scarce. Furthermore, although Hong Kong stocks have been rising continuously for many months, the overall valuation is still low, and the long-term allocation is still highly cost-effective. Against the backdrop of continued strength in domestic policies and the weakening of the US dollar, the Hong Kong stock market may continue to fluctuate upward in the future.

Blue-chip stock performance

Baidu Group-SW (09888) leads blue chips. At the close, it rose 8.9% to HK$129.7, with a turnover of HK$3.128 billion, contributing 20.99 points to the Hang Seng Index. Shen Wan Hongyuan pointed out that in 2025, Baidu will continue to promote AI full-stack construction, and the smart cloud business will grow faster. At the same time, the self-developed AI chip Kunlun Core is expected to enter the release period. Commercialization is progressing smoothly. It has covered many fields and entered the leading customer system. In terms of intelligent driving, there has been a high increase in orders for Radish Express, and profitability has improved dramatically.

In terms of other blue-chip stocks, SMIC (00981) rose 4.24% to HK$72.5, contributing 21.2 points to the Hang Seng Index; CNOOC (00883) rose 3.97% to HK$21.46, contributing 20.47 points to the Hang Seng Index; Budweiser Asia Pacific (01876) fell 1.67% to HK$7.64, dragging down 0.43 points; Chow Tai Fook (01929) fell 1.51% to HK$12.42, dragging down the Hang Seng Index by 0.62 points.

Popular sector aspects

On the market, all large technology stocks flourished. Baidu surged nearly 9%, Alibaba rose 0.84%, and Tencent rose 0.59%. The market warmed up Tesla's Optimus package; robot concept stocks rallied and strengthened, and Sanhua Intelligent Control surged more than 12%; semiconductor stocks were bright, with SMIC rising by more than 4%; the turbulent situation in Russia and Ukraine disrupted oil prices, and oil stocks rose; and non-ferrous stocks and automobile stocks were active. On the other side, pharmaceutical stocks continue to weaken, and wind power stocks, aviation stocks, etc. are generally under pressure.

1. The robot concept picked up in the afternoon. At the close, Yuejiang (02432) rose 13.45% to HK$38.46; Sanhua Intelligent Control (02050) rose 12.53% to HK$38.44; Premium Choice (09880) rose 8.28% to HK$129.4; and Lansi Technology (06613) rose 5.06% to HK$25.34.

According to reports from brokerage China, there are rumors that supply chain companies have recently visited customers in North America, and the market expects the Tesla Optimus project to be contracted soon; other sources say that the Trump administration is considering issuing an executive order on robots in 2026. It is worth noting that recently, the field of humanoid robots in China has also been catalyzed frequently. The first offline experience store in collaboration with JD and Yushu Technology will open on December 31 to promote the commercial implementation of humanoid robots and reach consumers. Earlier, on December 26, the Ministry of Industry and Information Technology established the Humanoid Robot Standardization Technical Committee.

Huajin Securities said that in 2025, humanoid robots will enter a critical stage of industrialization, and humanoid robots are moving from the “0-1” stage to the “1-10” stage. The bank believes that the industrialization of humanoid robots is in line with expectations, that demand for complex scene interaction will bring increased parts. Core components will enjoy the development dividends of the humanoid robot industry, and enterprises with related layouts in the robotics field are expected to benefit first.

2. Semiconductor stocks performed brilliantly. At the close, InnoSec (02577) rose 15.35% to HK$78.15; SMIC (00981) rose 4.24% to HK$72.5; and Huahong Semiconductor (01347) rose 3.86% to HK$75.25.

Nvidia recently announced cooperation with more than 10 ecological partners, including CoreWeave and Oracle, to fully switch to an 800 volt DC power architecture. This technological transition far exceeds the carrying limit of current mainstream 415 volt AC architectures, marking that AI data centers are entering a new stage of ultra-high density and high energy efficiency. In August of this year, InnoSec announced that it has become the official supplier of Nvidia's 800V DC architecture, marking the official entry of China's third-generation semiconductor companies into the core supply chain of global AI computing power infrastructure.

Furthermore, SMIC announced last night that the company plans to issue shares to five shareholders of SMIC North, including the National Integrated Circuit Industry Investment Fund, to acquire 49.00% of their total shares in SMIC North at a price of about RMB 40.601 billion. As a subsidiary of SMIC International Holdings, SMIC North focuses on 12-inch integrated circuit foundry and various advanced process platform services. Guotai Junan believes that as the global semiconductor cycle bottoms out and recovers, combined with domestic policy and financial support, manufacturing leaders represented by SMIC will usher in a double recovery window for performance and valuation.

3. Oil stocks generally rose. At the close, CNOOC (00883) rose 3.97% to HK$21.46; CNPC (00857) rose 2.42% to HK$8.46; and Sinopec (00386) rose 1.96% to HK$4.68.

The turbulent situation in Russia and Ukraine disrupted oil prices, and international crude oil futures settlement prices rose by more than 2% overnight. The February contract for WTI crude oil futures rose 2.36%, and the February contract for Brent crude oil futures rose 2.14%. According to reports, Russia on Monday accused Ukraine of trying to attack President Putin's official residence in northern Russia, but no evidence was provided. The Kiev side refuted this statement as baseless, saying it was intended to disrupt the peace negotiations. Furthermore, Everbright Securities pointed out that looking ahead to 2026, “three barrels of oil” will continue to maintain high capital expenditure, continuously strengthen natural gas market development, accelerate the transformation of the middle and downstream refining and chemical business, and are expected to achieve long-term growth through the oil price cycle.

4. Non-ferrous stocks bottomed out and rebounded. At the close, China Aluminum (02600) rose 5.27% to HK$12.19; Luoyang Molybdenum (03993) rose 4.11% to HK$19.23; Zijin Mining (02899) rose 3.63% to HK$35.36; and Jiangxi Copper (00358) rose 2.62% to HK$40.7.

CITIC Construction Investment recently pointed out that factors such as insufficient capital expenditure, limited resource supply, strong AI demand prospects, and overlapping factors such as the expansion of fiscal deficits and interest rates in a downward cycle have also been threatened by US tariffs on some key minerals, leading to uneven distribution of physical goods between the US and Africa, resulting in a lack of mobility of local goods and increased capital inflows. A new expression of using more limited resources to counter the weakening credit of the US dollar is setting off a new resource pricing paradigm around the world, and a colorful feast is dancing.

Popular exotic stocks

1. The Hong Kong Stock Exchange hit six days and closed at the close. Insili Intelligence (03696) rose 24.66% to HK$29.98; May Day Vision (06651) rose 29.9% to HK$39.62; Lin Qingxuan (02657) rose 9.3% to HK$85; and Associated Press (02671) rose 7.61% to HK$7.64.

On December 30, six IPOs were officially listed on the Hong Kong Stock Exchange: Insili Intelligence, Associated Press, Wolan Robotics, Lin Qingxuan, and May Day Vision. Among them, the stock price of AI pharmaceutical company Insilicon Smart once skyrocketed by 48%, hitting an intraday high of HK$35.7. It is worth mentioning that the total capital raised in the current IPO was HK$2,277 billion, making it the Hong Kong biomedical IPO with the highest capital raised during the year.

2. McFTSE (02556) was strong throughout the day and closed up 11.07% to HK$33.32.

The news that Meta is buying AI startup Manus for several billion dollars has given a boost to AI concept stocks. Furthermore, recently, the Maifushi Ecological Conference was successfully held. At the conference site, Maifushi officially reached in-depth strategic cooperation with Baidu Group, Alibaba Cloud, Mu Xi Co., Ltd., OpenText, Sina Group, Beijing Union Guoxin, OceanBase, Yiou Think Tank, Deep Blue Aerospace, and Anlifeng Group.

3. Damai Entertainment (01060) showed an active performance, rising 4.65% to HK$0.9 at the close.

According to Lighthouse Pro, as of 18:05 on December 28, the total box office (including pre-sale) of the 2025 Lunar New Year program (November 28 to December 31) had reached 5.245 billion yuan. According to information, the 2025 Lunar New Year box office is the second time in Chinese film history that it has surpassed 5 billion yuan in Lunar New Year's box office after the 2017 Lunar New Year program, setting a record high for the same period in nearly eight years. Western Securities believes that Damai Entertainment Card shows and IP-derived double boom tracks, and is optimistic about the continuation of the boom in live entertainment.

4. The stock price of Ganfeng Lithium (01772) came under pressure and closed down 0.36% to HK$54.6.

On the evening of December 29, Ganfeng Lithium issued an announcement. On December 29, the company received a notice of transfer and prosecution from the Yichun Public Security Bureau: the case has been referred to the procuratorial authorities for examination and prosecution due to the suspected crime of insider trading. Ganfeng Lithium said that up to now, the company's various production and operation activities have maintained normal and orderly operation. The matters involved in this case are specific historical events that have been disclosed by the company earlier, and are not expected to affect the normal production and operation of the company.