Ge Long Hui·2025-09-24 08:28Market Performance - The Hong Kong stock market indices experienced a strong upward trend, with the Hang Seng Technology Index leading the gains at 2.53%, while the Hang Seng Index rose by 1.37% to reclaim the 26,500-point mark, and the National Enterprises Index increased by 1.64% [1] Sector Performance - Major technology stocks drove the market higher, with Alibaba surging over 9% following the announcement of a Physical AI collaboration with NVIDIA. Other notable gainers included Kuaishou and JD.com, both rising nearly 4%, Xiaomi up 2.6%, Tencent increasing by 2%, and Meituan gaining over 1% [1] - Semiconductor stocks remained strong due to price increases and domestic production drives, with leading company SMIC reaching a new historical high during trading [1] - AI concept stocks and application software stocks showed active performance, alongside gains in military, home appliance, photovoltaic, gaming, and lithium battery sectors [1] Declining Sectors - Conversely, cryptocurrency concept stocks and biopharmaceutical stocks faced significant declines, with paper, heavy machinery, gold, building materials, and coal stocks also showing collective weakness. Additionally, over 20 stocks in the market recorded declines of more than 10% [1]