Hong Kong stocks surged higher and declined in early trading. As of midday trading, the Hang Seng Index rose 2% and the Tech Index rose 3.91%; chip stocks led the way, with Jingmen Semiconductor up more than 10%, Huahong Semiconductor up nearly 9%, Shanghai Fudan up more than 7%, and SMIC reaching a record high of 7%; auto stocks were strong. Xiaopeng Motors soared more than 12%, Ideal Auto rose more than 7%, Geely Motors rose more than 6%, and BYD shares rose nearly 4%, and the intraday market value of Xiaomi rose more than 3% to break through HK$1 trillion.
港股午评：港股冲高回落，中芯国际涨近7%创历史新高
Hong Kong Stock Afternoon Review: Hong Kong stocks soared and fell, and SMIC rose nearly 7% to a record high
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