这一板块，放量大涨

Core Viewpoint - The Hong Kong stock market experienced a collective rise, with the Hang Seng Technology Index increasing by 2.71%, marking its largest single-day gain of the week, driven by significant gains in semiconductor stocks and major tech companies [2][4]. Semiconductor Sector - Semiconductor stocks saw substantial increases, with Hua Hong Semiconductor rising by 17.85% and achieving a trading volume exceeding 7 billion HKD. Other notable performers included SMIC, Mingfa Group, and Shanghai Fudan, which rose by 9.57%, 6.67%, and 5.96% respectively, with SMIC's trading volume reaching 16.22 billion HKD [4][6]. - The release of DeepSeek-V3.1, which enhances the efficiency of domestic chips, is expected to further narrow the efficiency and cost gap with NV chips, increasing the usability of domestic semiconductor products [6]. Major Tech Companies - Major tech stocks also performed well, with Tencent Holdings seeing a trading volume exceeding 10 billion HKD and a price increase of 1.18%. Other companies like Kuaishou, Xiaomi, Alibaba, and JD.com also experienced gains [8][9]. - Kuaishou reported record highs in both traffic and profitability for Q2, with revenue increasing by 13.1% year-on-year to 35 billion CNY and adjusted net profit rising by 20.1% to 5.6 billion CNY, achieving historical peaks in gross margin and adjusted net profit margin [8]. Automotive Sector - NIO's new ES8 model was well-received, with its stock price rising by 11.12% after announcing a significant price reduction. The starting price for the new model is 416,800 CNY, which is 11.12% lower than the previous generation's price range [10][11][13]. - NIO's chairman emphasized the importance of product quality and operational efficiency in maintaining competitiveness in the automotive market [13]. Innovative Drug Sector - Innovative drug stocks continued to rise, with companies like Xiansheng Pharmaceutical and Jingtai Holdings increasing by over 10%. Analysts remain optimistic about opportunities in the innovative drug sector [14][15]. Market Trends - The report suggests that the Hong Kong market may require sharper strategies, focusing on differentiated sectors compared to the A-share market, with recommendations to prioritize innovative drugs, internet companies, and new consumer trends [17].