BIDU(09888) 智通财经网·2025-04-25 08:50Market Overview - The Hong Kong stock market showed strong performance in the morning, with the Hang Seng Index recovering above 22,000 points, but experienced a pullback in the afternoon, closing up 0.32% at 21,980.74 points with a total turnover of HKD 208.04 billion [1] - For the week, the Hang Seng Index rose 2.74%, the Hang Seng China Enterprises Index increased by 2.32%, and the Hang Seng Tech Index gained 1.96% [1] Blue Chip Performance - Baidu Group (09888) led the blue-chip stocks, rising 3.85% to HKD 87.6, contributing 4.56 points to the Hang Seng Index. The company launched several AI products, including the Wenxin model 4.5 Turbo, which is faster and 80% cheaper than its predecessor [2] - Other notable blue-chip performances included Lenovo Group (00992) up 3.39%, Sands China (01928) up 2.94%, while Chow Tai Fook (01929) fell 4.15% and SMIC (00981) dropped 2.8% [2] Sector Performance - Large tech stocks mostly rose, with Baidu up nearly 4%, and Alibaba and Tencent both gaining over 1%. The mobile industry chain saw significant gains, with Highway Electronics rising over 6% [3] - Real estate stocks initially surged but then retreated, with Sunac China (01918) down 6.63%. Analysts from Citigroup and HSBC are optimistic about the sector, expecting improved profitability due to policy support [3][4] - Semiconductor stocks faced declines, with Hua Hong Semiconductor (01347) down 6.28% and SMIC (00981) down 2.8% [4] Gold Sector - Gold stocks collectively weakened as spot gold prices fell below USD 3,300 per ounce. Major gold companies like China National Gold International (02099) and Lingbao Gold (03330) saw declines of 1.87% and 3.72%, respectively [6] Emerging Opportunities - The Chinese government has exempted certain semiconductor-related tax codes from tariffs, potentially reducing import duties from 125% to 0%, which may accelerate domestic semiconductor substitution [5] - The consumer electronics sector is expected to stabilize in the long term despite short-term tariff disruptions, with analysts noting significant valuation recovery potential for quality domestic stocks [7] Notable Stock Movements - Giordano International (00709) saw a rise of 5.71% after reporting a 5.2% increase in sales for the first quarter, despite adverse currency impacts [8] - Zai Lab (09911) reported a projected revenue increase of 41.5%-48.1% for Q1 2025, driven by growth in its social business [9] - Horizon Robotics (09660) announced a strategic partnership with Bosch to develop new multifunctional cameras, contributing to its stock performance [10] - Chow Tai Fook (01929) faced pressure with a reported 11.6% decline in retail value for the last quarter, underperforming compared to peers [11]