According to Zhito Finance APP, the Hong Kong Hang Seng Index rose by 0.12% in the morning session, reporting at 20,121 points; the Hang Seng TECH Index increased by 1.20%.

The International Semiconductor Industry Association (SEMI) has once again raised the forecast for global chip equipment sales in 2024, citing unexpected investments in AI-related fields in mainland China. Semiconductor Manufacturing International Corporation (00981) surged over 7.38%, leading the chip stocks, while HUA HONG SEMI (01347) rose by 6%. Institutions indicate that domestic substitution will become a long-term market theme.

Guolian (01456) rose over 7% in the morning session, as the speed of brokerage mergers accelerated, with Guolian's acquisition of Minsheng Securities being approved.

Kingsoft Cloud (03896) surged over 33% in the morning session, with reports stating that Xiaomi is building a GPU cloud cluster, benefiting from the demand from both Xiaomi and Kingsoft's ecosystem.

FIT HON TENG (06088) rose over 17% in the morning session, driven by AI development boosting the construction of computing power infrastructure, with copper connections entering the order release period.

HBM HOLDINGS-B (02142) increased another 29% in the morning session, with its subsidiary reaching a development cooperation agreement with Candid on the next generation T-cell connector.

LENOVO GROUP (00992) rose over 7% in early trading. Lenovo collaborates with Volcano Engine, significantly enhancing the AI PC competitiveness.

Kangnait Optical (02276) increased over 5%. Recently introduced Goer strategic shareholder, smart glasses are entering a rapid development phase.

Jiangsu Lopal Tech (02465) surged over 10%, winning the world's largest lithium iron phosphate order this year, valued at nearly 10 billion.

Mao Ge Ping (01318) climbed over 5%, the company's high-end positioning rarity, institutions are bullish on the growth potential of Chinese beauty brands.

XINTE ENERGY (01799) fell over 3% in early trading, the company has terminated its A-share issuance application and withdrawn the application materials.

Herbs Generation Group Holdings Limited (02593) declined over 8% again, having already fallen 26% from the offering price, with a total market capitalization of less than 0.4 billion HKD.

Goldwind Science& Technology (02208) dropped 3% in early trading, shareholders Harmony Health plan to reduce their stake by no more than 1% of the company shares.