Hong Kong stocks closed (08.05) | The Hang Seng Index closed up 0.24%, gold stocks, and the computing power concept strengthened, and I&T Industrial (00669) rose more than 8% after its performance

The Zhitong Finance App learned that peace talks between the US and Iran are now dawning. The three major Hong Kong stock indices have been repeatedly strong today, and the three major indices have collectively closed higher. At the close, the Hang Seng Index rose 0.24% or 62.9 points to 25915.82 points, with a full-day turnover of HK$278.043 billion; the Hang Seng State-owned Enterprises Index rose 0.34% to 8603.73 points; and the Hang Seng Technology Index rose 0.97% to 4933.07 points.

Dongwu Securities believes that the AI hardware market, led by US stocks, is showing initial signs of a rebound. In the short term, capital may not be drastically cut back into technology and hardware, but it may distract some attention from Hong Kong stocks. If AI companies in the US stock market perform well and form a diffuse market, it will instead facilitate the joint repair of the Hang Seng Technology Index — the valuation advantages and policy support of Hong Kong stocks in AI applications, internet platforms, and domestic computing power chains are expected to accept part of the return of capital.

Blue-chip stock performance

Chuangke Industrial (00669) surged after its performance. At the close, it was up 8.12% to HK$143.8, with a turnover of HK$1,656 billion. Contributed 24.14 points. Chuangke Industrial announced that in the first half of 2026, revenue increased 5.9% to US$8.3 billion, and net profit increased 17.5% to US$738 million. After the adjustments, the global MIL WAUKEE business grew 10.5% in local currency. Additionally, sales of the RYOBI brand increased 1.7% to $1.9 billion in local currency.

In terms of other blue-chip stocks, Luoyang Molybdenum (03993) rose 8.65% to HK$18.47, contributing 8.49 points to the Hang Seng Index; Old Shop Gold (06181) rose 6.71% to HK$340.2, contributing 2.08 points to the Hang Seng Index; HSBC Holdings (00005) fell 2.64% to HK$162.1, dragging down 62.29 points; CNOOC (00883) fell 2.63% to HK$22.96, dragging down the Hang Seng Index by 14.75 points.

Popular sector aspects

On the market, large technology and network stocks generally rose. Alibaba rose nearly 2%, Tencent rose nearly 1%; domestic and foreign demand resonated, and most computing power concept stocks strengthened; US-Iran negotiations progressed, gold stocks broke out across the board, and Zhaojin Mining rose more than 7%; copper stocks followed the strengthening of commodities, and the Luoyang Molybdenum industry rose nearly 10%; the national standard for autonomous driving system safety was officially released, and smart driving concept stocks were improving. On the other hand, rumors of a US ban disrupted the optical module concept. Zhongji Xuchuang's decline narrowed after opening sharply lower this morning, and eventually closed down 5.18%.

Gold and copper stocks had the highest gains. At the close, China Gold International (02099) rose 13.11% to HK$205.4; Lingbao Gold (03330) rose 10.56% to HK$21.56; Zijin Gold International (02259) rose 10.16% to HK$129; and Luoyang Molybdenum (03993) rose 8.65% to HK$18.47.

On August 5, international gold prices experienced a rebound. Spot gold once broke through 4,170 US dollars/ounce, while New York futures reached the 4,200 US dollar mark. US President Trump said in an interview with Fox News Channel on the 4th that the Strait of Hormuz will be opened “soon”, otherwise Iran will be “severely hit.” Earlier, US Treasury Secretary Bezent said that an agreement on the Strait of Hormuz could be reached on the 4th or 5th. Furthermore, the Bank of Korea announced the restart of gold purchases on August 3. This is the first time since it was suspended in February 2013. It plans to buy gold from domestic gold producers and buy US gold ETFs to further strengthen global gold allocation requirements.

Furthermore, the US import wave tightened global supply, and LME three-month copper broke the 14,000 US dollar mark for the first time since June 3. According to reports, refined copper is pouring into the US at the fastest rate in 12 years. In July, the US reached Hong Kong to refine more than 200,000 tons of copper in a single month, a record high since shipping records were set. The analysis points out that currently the US is mainly hoarding copper due to distortions in trade flow driven by both tariff policy expectations and cross-market arbitrage, compounded by the continuous rise in the strategic value of copper.

The smart driving concept shows off brilliantly. At the close, Zhejiang Shibao (01057) rose 15.22% to HK$4.505; Youjiao Innovation (02431) rose 6.52% to HK$4.575; and Hesai-W (02525) rose 3.16% to HK$17.97.

The mandatory national standard “Safety Requirements for Autonomous Driving Systems for Intelligent Connected Vehicles” was officially released and will be officially implemented on July 1, 2027. The standard applies to M- and N-class vehicles equipped with L3 and L4 autonomous driving systems. It does not apply to automated parking systems. It constructs a safety requirement system from the four dimensions of enterprise safety guarantee, dynamic driving task execution capability, human-computer interaction notification, and multi-dimensional inspection and testing, and clarifies a uniform safety entry baseline for autonomous driving products.

Computing power concept stocks are trending strongly. At the close, Bijiao Technology (06082) rose 12.93% to HK$37.9; Zhaoyi Innovation (03986) rose 5.7% to HK$486; Huahong Hongli (01347) rose 4.74% to HK$141.5; and Guangdong-Hong Kong Bay Intelligence (01396) rose 4.66% to HK$11.

Demand for computing power at home and abroad has recently resonated, and the industry boom continues to rise. Last week, Amazon, Alphabet, Microsoft, and Meta cloud business continued to grow at a high level and further raised or maintained high capital expenditure levels. The total capital expenditure of the four giants is expected to reach about 750 billion US dollars in 2026. On the domestic side, data from the China Academy of Information and Communications Technology shows that in the first quarter of 2026, domestic demand for Al computing power increased by 417% year on year. The effective supply growth rate was only 128%, and the gap between supply and demand continued to widen. At the same time, the policy side continues to increase. Direct investment of 4 trillion yuan is expected to build a domestic “15th Five-Year Plan” computing power network, driving the industrial boom to further heat up.

The US ban disrupts the optical module concept. At the close, Zhongji Innox (03308) fell 5.18% to HK$1,116; Cambridge Technology (06166) fell 4.7% to HK$82.15.

Yesterday, there was post-market news that the US Federal Communications Commission (FCC) is drafting a ban aimed at prohibiting the US from importing new models of Chinese data center components, including optical modules. On the day. According to Sino-Singapore Jingwei, the reporter called the directors and secretaries of Zhongji Xuchuang, Xinyisheng, and Tianfu Communications respectively as investors. Zhongji Xu's executive secretary said that the company has taken note of relevant market information. After verification, the US Federal Communications Commission has not issued any restrictive documents in related fields. The person in charge said, “Since the US Federal Communications Commission has not issued restrictive documents in related fields, the company does not comment on related rumors.”

Popular exotic stocks

Dragon Resources (01712) is happy. At the close, it was up 41.06% to HK$7.025.

Dragon Resources expects net profit of about 60 million to 65 million Australian dollars in the first half of the year, an increase of 3.7 to 4.1 times over 12.69 million Australian dollars in the same period last year. It mainly benefits from higher average gold prices, higher mining grade and gold recovery rate at the Vammala plant, boosting production, processing gold ore from Botnia, Sweden, and proceeds from the sale of Aurion shares.

Haizhi Technology Group (02706) sales volume skyrocketed. At the close, it was up 42.89% to HK$54.5.

Palantir announced financial results for the second quarter. Revenue soared 94% year over year and raised its full-year sales forecast to US$8.16 billion. Analysts pointed out that the successful implementation of Palantir's “ontology+FDE” model completely confirms that industrial AI and “sovereign AI” are the core directions. As the “Chinese version of Palantir,” Haizhi Technology is also deeply involved in “image integration” and industrial-grade intelligence. Palantir's performance explosion directly provided the strongest overseas benchmark verification for its technical route and business logic.

MINIMAX-W (00100) has been strong throughout the day. At the close, it was up 10.25% to HK$253.8.

As of August 4, within 24 hours after the release of MiniMax's latest open source model H3, more than 100 domestic and foreign partners have completed Day 0 adaptation and access, covering various ecological aspects such as chips, developer communities, cloud inference platforms, and AI application companies. The construction of the open source ecosystem has progressed in stages.

Sanhuan Group (06951) rose again. At the close, it was up 6.94% to HK$111.

Leading Japanese and South Korean manufacturers such as Murata, Samsung Electric, and Taiyo Electric have successively raised prices for AI servers and high-end high-capacity MLCCs. The increase range reached 15% to 30%. Many companies confess that the delivery cycle for high-end products continues to lengthen, and production capacity can no longer fully meet the incremental needs of customers.