Hong Kong stocks closed (09.18) | Hang Seng Index closed up 0.6%. Strong performance in the AI industry chain, domestic housing stocks, etc. Lenovo Group (00992) reached a record high

The Zhitong Finance App learned that oil prices and long-term bond yields fell from high levels, the market further weakened the impact of the Federal Reserve's interest rate hike, and the three major Hong Kong stock indices rebounded higher. At the close, the Hang Seng Index rose 0.60% or 146.49 points to 24750.78 points, with a full-day turnover of HK$266.513 billion; the Hang Seng State-owned Enterprises Index rose 0.61% to 8225.40 points; and the Hang Seng Technology Index rose 2.20% to 4405.50 points. Looking at the week as a whole, the Hang Seng Index fell 0.22%, the China Index fell 0.25%, and the Hang Seng Technology Index rose 1.97%.

Wanlian Securities believes that in the context of tightening overseas liquidity and the introduction of a five-year plan, the allocation of Hong Kong stocks is recommended to focus on defense in the short term and take into account the structural economic direction. It is recommended to focus on: Currently, assets with high dividends and stable cash flow have relative return and defensive attributes; focus on enterprises with high profit realization rates and stable cash flow; and continue to allocate leading companies in the AI industry chain in the medium to long term.

Blue-chip stock performance

Lenovo Group (00992) reached a record high. At the close, it rose 9.5% to HK$37.58, with a turnover of HK$5.562 billion. According to Morgan Stanley's latest report on September 17, Lenovo is currently seeing strong demand in both general-purpose servers and AI servers, and ISG's revenue growth rate is expected to continue to accelerate.

In terms of other blue-chip stocks, Old Shop Gold (06181) rose 5.51% to HK$383; Huahong Hongli (01347) rose 4.81% to HK$115.5; China Unicom (00762) fell 2.13% to HK$5.73; and AIA (01299) fell 0.78% to HK$76.75.

Popular sector aspects

On the market, Huang Renxun said that Nvidia's chip sales are expected to double next year with the release of the Huawei Ascend 960 supernode, and AI hardware stocks will explode across the board; large technology and network stocks will also rise; the Ministry of Housing and Construction has set the direction for real estate to enter the inventory era, and domestic housing stocks will rise in the afternoon; 10 departments issued the “15th Five-Year Plan” plan for the pharmaceutical industry, biomedical stocks are active, and AI pharmaceuticals are showing impressive performance; robot concept stocks and big model concept stocks will strengthen. On the other side, Saudi Arabia's east-west pipeline was repaired faster than expected, and oil stocks declined.

AI hardware stocks exploded. At the close, Heizhi Technology-P (01879) was up 22.61% to HK$323.2; Tiansu Zhixin (09903) rose 11.95% to HK$140.5; Bijiao Technology (06082) rose 12.05% to HK$37.94; and Zhaoyi Innovation (03986) rose 9.73% to HK$512.

Nvidia CEO Hwang In-hoon said that as AI further penetrates the medical, manufacturing, financial services and other industries, the company's chip sales next year will double this year, and indicated that the current bottleneck is not demand but production capacity. In addition, Huawei announced the Ascend 960 supernode at the full connectivity conference, replacing 48,000 800G optical modules with 5,500 Hi-One. The chip development progress exceeded expectations, and proposed that a supernode cluster of 100,000 cards or more will become the basic configuration by 2027. Zhongyuan Securities pointed out that demand for AI-driven memory is strong, and the memory cycle continues to rise. Demand for AI and domestic alternatives is expected to drive domestic storage vendors to significantly benefit from industry trends and continue to increase market share.

Domestic housing stocks rallied in the afternoon. At the close, Sunac China (01918) rose 9.91% to HK$0.61; Vanke Enterprise (02202) rose 6.82% to HK$2.35; and Xincheng Development (01030) rose 5.32% to HK$1.485.

Zhang Xuetao, director of the Real Estate Market Supervision Department of the Ministry of Housing and Construction, said at a press conference that there are “two transformations” in the current real estate market. One is that the relationship between supply and demand in the market has changed significantly, and the other is that real estate has entered an era of stock. The share of second-hand housing transactions has increased from 27% in 2020 to 46% in 2025, reaching 52% in the first 8 months of this year. More than 50% marks the beginning of the stock era, and sales of existing homes are already a general trend. Pacific Securities pointed out that September is generally the traditional peak sales season. It is expected that housing enterprises will maintain a certain market scale in core cities, and the real estate market will continue to bottom up and repair in the future, focusing on opportunities for leading central state-owned enterprises to increase their market concentration.

Pharmaceutical stocks such as AI Pharmaceuticals continued to rise. At the close, Jingtai Holdings (02228) rose 16.32% to HK$8.02; Jettech Technology-P (07666) rose 12.04% to HK$17.4; Insili Smart (03696) rose 13.12% to HK$60.8; and Zhaoyan Pharmaceutical (06127) rose 10.15% to HK$25.4.

Ten departments including the Ministry of Industry and Information Technology jointly issued the “15th Five-Year Plan for the Development of the Pharmaceutical Industry”, which proposes that biomedical research and development applications will be at the forefront of the world by 2030, the scale growth rate of the innovative pharmaceutical industry will reach an average annual rate of more than 20%, and clearly accelerate the deployment of cutting-edge technologies to support new technologies such as artificial intelligence, quantum computing, and computational medicine to enable drug research and development. It is worth mentioning that recently there have been frequent catalysts in the field of AI pharmaceuticals. Novo Nordisk announced a partnership with Anthropic, Kingsley announced a partnership with Eli Lilly, and the AI pharmaceutical platform owned by ByteDance has also made financing moves. Zheshang Securities said that the pharmaceutical industry's “Claude” may be coming.

Robotics concept stocks are picking up. At the close, Cloud Trail (02670) rose 21.78% to HK$98.7; Youdi Robotics (03231) rose 8.94% to HK$41.2; and Laifu Harmonic (03952) rose 8.03% to HK$50.45.

According to the latest industry research report released by Morgan Stanley, the global humanoid robot industry entered an explosive growth trajectory in the first half of 2026. The related market size surged 272% year on year. Chinese suppliers accounted for more than 97% of global humanoid robot shipments, and local application scenarios and customer demand in China accounted for more than 85% of the world's total demand. The bank's Chinese industrial team raised the 2026 Chinese humanoid robot shipment forecast from 28,000 units to 50,000 units, an increase of nearly 80%, and is expected to rise to 446,000 units by 2030.

Popular exotic stocks

Big model duo join hands to become stronger. At the close, MINIMAX-W (00100) rose 18.92% to HK$303; Smart Spectrum (02513) rose 5.41% to HK$780.

MINIMAX was invited to participate in the joint construction of Singapore Telecom's AI subscription package. Many of its AI products will be used for AI skills training for Singaporean citizens. Previously, Humain, an AI company under the Saudi Public Investment Fund, released an Arabic model developed based on MiniMax M3, which accounted for about 60% of the company's overseas revenue in the first half of the year. Smart Spectrum officially released GLM-5.3-FlashX. The new version's inference speed can reach up to 200 tokens/s, which is 5 times higher than the current version, and the pricing is 2.5 times higher than the original version.

The volume of SF Express in Tongcheng (09699) increased. At the close, it was up 11.12% to HK$9.49.

SF Tongcheng announced that CelestialOceanInvestmentsLimited, a subsidiary of SF Holdings, increased its holdings by 45.8444 million shares, accounting for about 4.9973% of the company's total issued share capital. After this increase in holdings, the direct and indirect shareholding ratio of SF Express Holdings increased to about 63.48%. The board of directors believes that this increase in holdings reflects the firm confidence of the controlling shareholders in the company's business prospects and long-term value.

Tianyue Advanced (02631) performed brilliantly. At the close, it was up 7.29% to HK$69.2.

A price increase letter suspected to have been issued by Ansemi appeared in the market. According to the price increase letter, Ansemi will implement price adjustments for a wide range of products, effective from October 10, 2026. Currently, AI data centers are taking over new energy vehicles and become the core pricing main line for power semiconductors in a new three-year upward cycle. Since this year, major overseas manufacturers, including Infineon, TI, and STMicroelectronics, have raised prices one after another.

Health 160 (02656) hit a record low. At the close, it was down 26.16% to HK$5.575.

Health 160 has been listed for one year, and its controlling shareholder and pre-initial public sale investors' sales ban promises expired on September 16. According to data, a total of 28 shareholders have lifted the ban this time, and a total of about 164 million shares have been unbanned. Furthermore, March of this year was supposed to be the first batch of days the company lifted the ban, but on March 13, the company announced that it would voluntarily extend the initial sales ban promise for six months until September 16, 2026.