集体收涨！

Market Overview - The Hong Kong stock market experienced fluctuations but ended the day with collective gains across major indices, with the Hang Seng Index rising by 0.43% to 25,801.77 points, the Hang Seng Tech Index increasing by 0.87% to 5,526.83 points, and the Hang Seng China Enterprises Index up by 0.43% to 8,939.68 points [1]. Sector Performance - Large technology stocks saw slight increases, with Tencent, Alibaba, and JD.com all rising by less than 1%. Semiconductor stocks surged, with SMIC experiencing an intraday increase of over 8% and closing up by over 5%. The telecommunications sector also saw collective gains, with Huizhu Technology reaching a historical high [3][5]. - The Hainan Free Trade Port officially commenced operations, leading to active trading in duty-free stocks, with China Duty Free Group (601888) soaring nearly 16%. Gold and precious metal prices reached historical highs, boosting the activity of gold and non-ferrous metal stocks [3]. - Conversely, luxury goods stocks declined, and the biotechnology sector faced collective weakness. Three newly listed stocks—Mingji Hospital, Impression Big Red Robe, and Huazhen Biotechnology—experienced significant losses [3]. Semiconductor Sector - The semiconductor sector saw a notable surge, with SMIC rising over 8% during the day and closing up by 5.92%. Other semiconductor stocks like Hua Hong Semiconductor and InnoCare also reported gains of over 5% and 2.67%, respectively [5][6]. - China Galaxy Securities highlighted that AI demand is driving a recovery in the storage chip market, indicating a new cycle for the storage industry. The firm remains optimistic about investment opportunities in domestic storage-related listed companies due to the rapid growth in AI server demand and domestic substitution [6]. Gold Market Development - The Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, announced that the full industrial chain of the Hong Kong gold market has been preliminarily established. The government aims to position Hong Kong as an international center for gold trading, storage, clearing, and risk management [7]. - Significant progress has been made, including the completion of the first phase of the airport precious metal storage facility, which has a capacity of 200 tons, with plans to expand to 1,000 tons. Additionally, the Shanghai Gold Exchange has established its first offshore warehouse in Hong Kong [7]. - A preparatory group will be formed to support the establishment of a gold industry organization, aiming to enhance collaboration with the industry and facilitate communication with the government and regulatory bodies [8].