NewTimeSpace (newtimespace.com) News,On July 14, 2026, Hong Kong tech indices weakened with volatility. As of 10:00, the Fullgoal CSI HK Equities Information Technology Integration ETF (159198) edged down 0.16%, with the latest price standing at RMB 1.26.Looking at a longer timeframe, as of July 13, 2026,Fullgoal CSI HK Equities Information Technology Integration ETF achieved a cumulative gain of 20.46% over the past three months, ranking 1st in gains among comparable funds out of 10.
On July 13, Hong Kong equities consolidated in a narrow range, with the LLM and semiconductor sectors facing significant headwinds. Dragged by SK Hynix's record 15%+ plunge and downgraded earnings forecasts, Hong Kong memory chip and hardware stocks tumbled, with GigaDevice dropping over 15%. Among LLM stocks, MiniMax crashed over 17% as placement pressure persisted. On the industry front, OpenRouter data showed Chinese LLMs leading global API volumes for the 11th consecutive week at 27.58 trillion tokens, topped by Tencent's Hy3 (free). Amid market volatility, founders of ZHIPU AI and MiniMax issued internal letters to stabilize sentiment: ZHIPU launched the "Touch High" AGI initiative, while MiniMax's CEO pledged zero salary and 5% personal equity to incentivize the team and open-source community. Additionally, SenseTime fully open-sourced its SenseNova-Vision unified model.
NewTimeSpace (newtimespace.com) reported that on July 13, 2026, Hong Kong semiconductor stocks fluctuated lower, with SMIC (00981.HK) rallying then pulling back. As of 14:22, the stock was quoted at HKD 77.400, down 2.82%.
NewTimeSpace (newtimespace.com) News, On July 13, 2026, Hong Kong stock AI themes pared early gains to close lower. As of 13:18, the E Fund CSI HK Equities Information Technology Integration ETF (159196) dropped 5.22%, with the latest price standing at RMB 1.27.Data shows that in terms of scale, the fund size ofE Fund CSI HK Equities Information Technology Integration ETF grew by RMB 156 million over the past three months, achieving significant growth. In terms of fund shares, its total shares increased by 98.0000 million units over the past three months, also representing significant growth.
NewTimeSpace (newtimespace.com) reported that on July 13, 2026, the humanoid robot theme weakened significantly, with UBTECH (09880.HK) extending its decline. As of 13:45, the stock was quoted at HKD 81.250, down 4.47%.
NewTimeSpace (newtimespace.com) News, on July 13, 2026, Hong Kong AI-related themes strengthened. As of 10:20, Wanjia Hang Seng Internet Technology Industry ETF (159202) increased by 0.36%, with the latest price standing at RMB 0.83. Looking at a longer timeframe, as of July 10, 2026,Wanjia Hang Seng Internet Technology Industry ETF achieved a cumulative gain of 6.30% over the past week.
NewTimeSpace (newtimespace.com) News, On July 13, 2026, Hong Kong large model concept stocks diverged in morning trading, with stocks such as Zhipu (2513.HK), Mininglamp Technology (2718.HK), and Kuaishou (1024.HK) leading the gains.As of 09:48, Zhipu (2513.HK) was quoted at HK$1,833.000, achieving an intraday surge of 11.77% and leading the gains in the large model concept stock theme.
This week, the broader Hong Kong market advanced, but LLM concept stocks exhibited extreme divergence. Alibaba led the sector with a 17%+ gain, driven by Agent product consolidation and strong cloud revenue forecasts, while Tencent and Meituan posted solid growth. Conversely, MiniMax plunged over 22% weighed down by lock-up expirations and a massive financing plan. KNOWLEDGE ATLAS dropped 8.5% amid late-week profit-taking, despite completing a record HKD 31.4 billion placement. Industry developments were robust: MIIT projected China's core AI industry to exceed RMB 1.2 trillion in 2025; OpenAI fully launched the GPT-5.6 series; Tencent unveiled Hunyuan Hy3 and Agent Bucket; and regulators issued new compliance measures for AI personified interactive services, accelerating the industry's shift toward standardized commercialization.
On July 10, Hong Kong equities advanced initially before pulling back, with the LLM and semiconductor sectors undergoing a sharp correction. KNOWLEDGE ATLAS plunged over 19%, while MiniMax and XUNCE also suffered heavy losses; GigaDevice crashed 21% ahead of a major lock-up expiration. On the industry front, OpenAI officially opened its full GPT-5.6 series (Sol, Terra, Luna) to the public, establishing an astronomically-themed product matrix with distinct iteration cadences. In capital markets, MiniMax announced a combined equity placement and convertible bond issuance to raise over HKD 16 billion, heavily betting on compute infrastructure and model R&D. Furthermore, Tencent Cloud launched Agent Bucket, providing isolated cloud storage solutions for massive AI agents, thereby fortifying the foundational infrastructure for agentic ecosystems.
NewTimeSpace (newtimespace.com) reported that on July 10, 2026, semiconductor‑related themes continued to rise, with HUA HONG GRACE (01347.HK) extending its upward momentum. As of 13:36, the stock was quoted at HKD 208.800, up 3.47%.
NewTimeSpace (newtimespace.com) reported that on July 10, 2026, the humanoid robot theme rallied sharply, with Midea Group (00300.HK) fluctuating slightly higher. As of 13:17, the stock was quoted at HKD 88.800, up 0.40%.
NewTimeSpace (newtimespace.com) News, On July 10, 2026, as of 10:27. Huaan CSI HK Equities Information Technology Integration ETF (513240) increased by 2.92%, aiming for a 3-day consecutive gain, with the latest price standing at RMB 1.16.In terms of scale, the fund size ofHuaan CSI HK Equities Information Technology Integration ETF grew by RMB 6.9285 million over the past two weeks, achieving significant growth. In terms of fund shares, the total shares ofHuaan CSI HK Equities Information Technology Integration ETF increased by 7.0000 million units over the past two weeks, also achieving significant growth.
NewTimeSpace (newtimespace.com) News, On July 10, 2026, As of 09:53, China Merchants SSE HK Equities ETF (513990) rose 1.22%, with the latest price standing at RMB 1.08.Looking at a longer timeframe, as of July 9, 2026, China Merchants SSE HK Equities ETF achieved a cumulative gain of 4.01% over the past week. In terms of capital flows, China Merchants SSE HK Equities ETF recorded a recent net capital outflow of RMB 1.0696 million. Over a longer period, it has cumulatively "absorbed" RMB 16.1702 million over the past 5 trading days.
On July 9, Hong Kong equities surged before retreating, with LLM stocks diverging while semiconductor hardware rallied against the broader market. KNOWLEDGE ATLAS successfully completed a HKD 31.41 billion discounted share placement—setting a record for the largest post-IPO equity financing in the domestic LLM sector—propelling its stock up 11.3%. Conversely, MiniMax plunged 18% as its lock-up period expired. The industry is accelerating toward edge AI and agentic capabilities: StepFun announced plans to launch the world's first native AI agent smartphone ahead of OpenAI and is preparing for a Hong Kong IPO. Meanwhile, Amazon is reportedly advancing a secret Alexa AI project, "Moonraker," though its projected GPU costs exceeding USD 100 million in 2026 have raised internal concerns.
NewTimeSpace (newtimespace.com) reported that on July 9, 2026, the chip concept theme strengthened, with ASMPT(00522.HK) fluctuating higher. As of 13:30, the stock was quoted at HKD 192.000, up 3.73%.
NewTimeSpace (newtimespace.com) reported that on July 9, 2026, the humanoid robot concept continued to decline during trading, with Xiaomi-W (01810.HK) fluctuating lower. As of 13:18, the stock was quoted at HKD 24.640, down 2.61%.
