On June 16, Hong Kong stocks trended lower with large-cap tech equities collectively under pressure. However, the AI and semiconductor chains showed divergence: ZHIPU AI bucked the trend to close higher following the launch of its GLM-5.2 flagship model, while hardware stocks like Lenovo Group and Kingboard Laminates demonstrated strength. The LLM industry witnessed major breakthroughs: OpenRouter data revealed that global AI API call volumes rose for the eighth consecutive week, with Chinese models (including DeepSeek, MiniMax, and Tencent) sweeping the global top four. Furthermore, Alibaba launched its Qwen-Robot embodied AI series to build a universal foundation for robotics, while Tencent's Yuanbao integrated the 'ima' knowledge base to deepen its AI applications across over 20 vertical industries.
NewTimeSpace (newtimespace.com) News: On June 16, 2026, the share price of Xiaomi-W (01810.HK) continued to fluctuate and weaken. As of 1:29 PM, the company was quoted at HK$25.780, down 1.83%.
NewTimeSpace (newtimespace.com) News: On June 16, 2026, SMIC (00981.HK) opened higher but subsequent retraced, with the company's share price quoted at HK$74.800, down 2.41% as of 13:14 PM.
NewTimeSpace (newtimespace.com) News, On June 16, 2026, large model concept stocks such as Zhipu (2513.HK) and Mininglamp Technology (2718.HK) strengthened during morning trading. As of 10:08 AM, Mininglamp Technology (2718.HK) was quoted at HK$247.600, up 2.91%. Choice data shows that Mininglamp Technology's share price has recently delivered a strong rally, with its cumulative gain over the past five days exceeding 35% as of now.
NewTimeSpace (newtimespace.com) News, On June 16, 2026, Zhipu (02513.HK) continued to push higher during morning trading. As of 9:33 AM, the company's share price was quoted at HK$1,510.000, up 3.64%. Choice data shows that Zhipu's share price skyrocketed yesterday, closing with a gain of 32.82%, bringing its cumulative share price gain over the past two days to over 35%.
On June 15, Hong Kong stocks fluctuated higher as the AI and semiconductor supply chains erupted across the board. ZHIPU AI skyrocketed over 32% following the full release and imminent open-sourcing of its GLM-5.2 model, driving a market revaluation of domestic LLMs, while semiconductor and AI hardware equities like Hua Hong and Lenovo surged. Industry dynamics highlighted a stark divergence: the US Commerce Department imposed strict export controls on Anthropic's latest models, forcing a global access suspension, whereas ZHIPU AI championed accessibility by fully opening its most powerful model. Concurrently, XUNCE forged strategic alliances with three major domestic GPU manufacturers to develop integrated hardware-software solutions tailored for vertical industries.
NewTimeSpace (newtimespace.com) News: On June 15, 2026, the semiconductor concept sector in the Hong Kong stock market continued to strengthen, with the share price of ASMPT (00522.HK) pulling up substantially. As of 1:44 PM, the company's share price was quoted at HK$199.300, up 8.97%.
NewTimeSpace (newtimespace.com) News: The robotics concept sector surged as UBTECH (09880.HK) opened higher and rallied on June 15. As of 1:24 PM, the company's share price was quoted at HK$113.400, up 6.18%.
PATEO (2889.HK) and Mininglamp Technology (2718.HK) signed a strategic cooperation framework agreement. The two parties will integrate Mininglamp Technology's capabilities in AI large models, AI Agent suites, and precision marketing withPATEO's resources in edge-side hardware entry points, AI computing power infrastructure, and in-vehicle application scenarios. Together, they will build an "AI × Vehicle × User Demand" chain platform.
NewTimeSpace (newtimespace.com) News, As of 09:47 AM on June 15, 2026, Huaan Hang Seng Internet Technology Industry ETF (159688) advanced by 1.28%, with its latest price quoting at RMB 0.79. Choice data shows that as of 9:55 AM, among the constituents ofHuaan Hang Seng Internet Technology Industry ETF, the 5-day gains of large model concept stocks showed that Mininglamp Technology (2718.HK) rose by 20.89%, Kuaishou-W (1024.HK) rose by 5.44%, Tencent (0700.HK) rose by 4.26%, and Meituan-W (3690.HK) rose by 3.54%.
On June 12, Hong Kong stocks rallied, though the LLM sector experienced sharp divergence: MININGLAMP-W plummeted upward by over 21% upon completing its full-matrix edge Agentic AI deployment, and JD.com gained 3.4% on its newly unveiled A2P2 agent payment protocol, whereas MINIMAX-W tumbled 9%, halving its market value within the month. Significant infrastructure milestones were achieved globally: Visa partnered with OpenAI to establish payment and risk control mechanisms for autonomous AI agents; domestically, XUNCE allied with TuringQ to deliver an integrated "Quantum + Token OS" hardware-software solution, and Tencent Hunyuan upgraded its open-source HPC-Ops inference operators to mitigate core engineering bottlenecks.
Choice data shows that Mininglamp Technology-W (2718.HK) closed up 19.93% on June 11. The company's share price momentum extended into June 12, with its gain reaching 22.55% as of 13:13 PM, bringing its cumulative gain over the past two days to over 40%.
NewTimeSpace (newtimespace.com) News, on June 12, 2026, the large model concept stock Mininglamp Technology-W (2718.HK) continued to skyrocket during morning trading. As of 10:25 AM, the company's share price was quoted at HK$275.20, up 36.10%.Choice data shows that Mininglamp Technology closed up 19.93% on June 11, 2026. As of now, its cumulative gain over the past two days has exceeded 60%.
On June 11, Hong Kong stocks trended lower as the robotics and LLM sectors underwent a broad correction, with Alibaba sliding 5.4% amid structural adjustments at DingTalk. Bucking the trend, MININGLAMP-W surged nearly 20% as its Southbound Stock Connect inclusion and Agentic AI positioning continued to attract capital inflows. In key industry dynamics, OpenAI partnered with Oracle to lower enterprise barriers via existing cloud commitments ahead of its IPO; ZHIPU AI and Tsinghua open-sourced the SCAIL-2 character animation model; and tech giants Alibaba, Tencent, and Baidu launched specialized Gaokao planning AI Agents to capture the massive traffic window of 12.9 million candidates.
With this layout in edge-side AI hardware, Mininglamp Technology-W (2718.HK) has achieved a complete hardware-software integrated closed-loop spanning from perception (Octic) to processing (Mano-P) to collaboration (Octo).
NewTimeSpace News: On June 11, 2026, RoboSense(02498.HK) weakened amid fluctuations in the morning session. As of 11:40, the stock traded at HK$28.28, down 5.48%. The company's pending orders for ADAS products have surpassed 9 million units.
