Hong Kong stocks corrected sharply this week, with the HSI and Hang Seng TECH Index sliding 5.2% and 7.5% respectively. LLM concept stocks mirrored this high-volatility, "rally-then-fallback" trajectory, where Mininglamp showcased absolute resilience while MiniMax pulled back significantly under lock-up expiration overhang. Sector fundamentals remain exceptionally robust: Chinese models swept the top four spots as global call volumes rose for a ninth week; DeepSeek debuted on the Hurun Index at a RMB 340 billion valuation; OpenAI unveiled its custom inference chip "Jalapeño"; and tech heavyweights Alibaba, Tencent, Baidu, and Volcano Engine launched a series of milestones across Agent infrastructure, native world models, and hyper-discounted enterprise Token subscription plans.
On June 26, Hong Kong stocks tumbled unilaterally, triggering a sharp correction across the LLM and semiconductor sectors, with ZHIPU AI and Biren Technology leading the declines. Despite secondary market pressure, primary and product developments remained highly robust: DeepSeek launched a massive recruitment campaign to double its headcount and debuted 12th on the Hurun Global Unicorn Index with a RMB 340 billion valuation. Meanwhile, Tencent's OS-level AI assistant Marvis achieved full-platform coverage with its iOS launch, and SenseTime disclosed a 7-fold monthly surge in enterprise token usage alongside its Raccoon agent hitting 20 million users.
NewTimeSpace (newtimespace.com) News: On June 26, 2026, the chip sector experienced a volatile retracement. HUA HONG GRACE(01347.HK) fluctuated downward. As of 13:33 PM, the company's share price was quoted at HK$188.300, down 2.33%.
NewTimeSpace (newtimespace.com) News: On June 26, 2026, the humanoid robot sector continued to weaken. Midea Group (00300.HK) fluctuated and turned green. As of 13:15 PM, the company's share price was quoted at HK$79.400, edging up 0.25%.
Recently, Mininglamp Technology (2718.HK) officially released the Mano-CUA-2.0 version, an edge-side GUI VLA model tailored for AI PCs, and concurrently launched its "Thinking Mode." The newly upgraded Mano-CUA-4B-2.0 is already available for download and deployment on Hugging Face and ModelScope.
Choice data shows that as of June 25, 2026,E Fund CSI Artificial Intelligence Theme ETF Feeder Fund A (012733) andE Fund CSI Artificial Intelligence Theme ETF Feeder Fund C (012734) recorded single-day gains of 3.47% respectively. Over the past three months, the two artificial intelligence-themed funds have jumped by 41.33% and 41.29% respectively.
On June 25, Hong Kong tech stocks hit one-year lows, yet the LLM and domestic computing power sectors staged a counter-trend rally, led by ZHIPU AI climbing over 8% and Biren Technology reaching an all-time high via DeepSpeed integration. Crucial industry breakthroughs emerged: five Chinese ministries jointly launched an action plan to accelerate end-to-end autonomous driving and transport AI solutions; OpenAI partnered with Broadcom to debut its first custom inference ASIC, "Jalapeño," boasting a rapid 9-month tape-out; and Baidu AI Cloud rolled out its Qianfan Token Plan Enterprise Edition, pioneering access to ZHIPU's GLM-5.2.
NewTimeSpace (newtimespace.com) News: On June 25, 2026, the chip sector continued to strengthen. ASMPT(00522.HK) opened higher and fluctuated. As of 13:38 PM, the company's share price was quoted at HK$202.200, up 0.70%.
NewTimeSpace (newtimespace.com) News: On June 25, 2026, the humanoid robot sector weakened.Xiaomi-W (01810.HK) fluctuated and weakened. As of 13:13 PM, the company's share price was quoted at HK$22.200, down 3.31%.
NewTimeSpace (newtimespace.com) News, The inaugural Beijing-Birmingham Technology Week was held in Beijing, and Mininglamp Technology (2718.HK) was one of the four Beijing sci-tech enterprises invited to participate in the event. The company expressed its willingness to enter the UK market and deepen industrial cooperation, and secured the opportunity to participate in the main event of Birmingham Tech Week this October.
NewTimeSpace (newtimespace.com) News: On June 25, 2026, despite the weakening of the Hang Seng Tech Index, Hong Kong's artificial intelligence-themed stocks bucked the trend to strengthen. Zhipu (2513.HK) led the gains; as of 9:50 AM, the company's share price was quoted at HK$2,352.000, up 8.19%.
On June 24, Hong Kong stocks fluctuated higher, driven by a broad rally in the semiconductor sector, where Hua Hong Semiconductor skyrocketed over 15% to an all-time high following acquisition approvals. AI application stocks diverged: Tencent advanced 3.4% as its WeCom AI Agent entered closed beta, while MiniMax continued to decline. Industry developments highlighted that over 900 large models are now operational in China, with regulators drafting new AI agent guidelines. Meanwhile, Alibaba launched Qwen-AgentWorld, the first native language world model, and Mininglamp rolled out its "Agent Ready" solution, integrating with WeChat and Qwen to accelerate enterprise AI commercialization.
NewTimeSpace (newtimespace.com) News: On June 24, 2026, the chip sector strengthened as SMIC (00981.HK) surged significantly. As of 13:21 PM, the company's share price was quoted at HK$85.600, up 9.96%.
NewTimeSpace (newtimespace.com) News:On June 24, 2026, the humanoid robot sector fluctuated and weakened. UBTECH (09880.HK) fluctuated downward, with the company's share price quoted at HK$97.950, edging down by 0.05% as of 13:09 PM.
NewTimeSpace (newtimespace.com) News, on June 24, 2026, Mininglamp Technology (2718.HK) surged during morning trading. As of 10:06 AM, the company's share price was quoted at HK$240.600, up 7.89%.Relying on its multi-industry scenario knowledge bases, massive text corpora of real consumer intents, and extensive cross-platform engineering experience, Mininglamp Technology (2718.HK) has initiated integration practices with AI platforms such as WeChat and Tongyi Qianwen, comprehensively launching its Agent Ready solutions tailored for brand clients.
NewTimeSpace (newtimespace.com) News, As of 09:46 AM on June 24, 2026,the E Fund CSI HK Equities Information Technology Integration ETF (159196) advanced by 1.83%, with its latest price quoting at RMB 1.39.Among its constituent stocks, Mininglamp Technology (2718.HK) surged by 7.80%, Nanjing Panda Electronics (0553.HK) rallied by 7.25%, and Zhipu (2513.HK) climbed by 4.58%, leading the gains across a multitude of related artificial intelligence themes.
