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.
NewTimeSpace (newtimespace.com) News: On June 12, 2026, HUA HONG GRACE (01347.HK) opened higher but subsequently retraced during morning trading. As of 14:30 PM, the company's share price was quoted at HK$141.200, up 1.36%.
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 News: On June 12, 2026, BIDU-SW(09888.HK) strengthened in the morning session. As of 11:30, its share price stood at HK$114.50, up 1.24%. Apollo Go recently signed agreements for its Yangtze River Delta Supply Chain Headquarters and Regional Operation Center projects.
NewTimeSpace (newtimespace.com) News: On June 12, 2026, the humanoid robot concept stock UBTECH ROBOTICS (09880.HK) strengthened amid fluctuations during morning trading. As of 11:10 AM, the company's share price was quoted at HK$107.000, up 2.20%.
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%.
Newtimespace (newtimespace.com) reports that CStone Pharma (2616.HK) announced CS5007, an EGFR/HER3 bispecific ADC, has received HREC approval to launch its global multi-center Phase I trial, featuring the company's proprietary ADC platform with exatecan payload and CSL20 linker; AACR 2026 preclinical data demonstrated broad anti-tumor activity across multiple solid tumor CDX models, with the study targeting 310 advanced solid tumor patients across Australia and China.
NewTimeSpace News: The United Laboratories International Holdings Ltd (03933.HK) announced that TUL321 Capsule, a Class 1 innovative drug developed by its wholly-owned subsidiary Zhuhai United Laboratories Co., Ltd., has obtained the implied approval for clinical trials of new drug from the National Medical Products Administration of China. The product was approved for clinical trials by the US FDA on April 28, 2026.
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.
NewTimeSpace (newtimespace.com) News, On June 11, 2026, the Hang Seng Tech Index fluctuated during morning trading, while large model concept stocks collectively strengthened. Mininglamp Technology-W (2718.HK) staged a substantial upward surge in the morning session. As of 9:40 AM, the company's share price was quoted at HK$188.00, up 11.51%.
NewTimeSpace News: Kintor Pharmaceutical Limited (09939.HK) announced that the interim results of the long-term human safety trial for its core product KT-939 were positive. None of the 119 subjects experienced any adverse skin reactions after 28 consecutive weeks of use, demonstrating a sound safety profile. Meanwhile, the Company has launched the registration application for KT-939 as a new cosmetic raw material, with relevant technical documents submitted to the National Institutes for Food and Drug Control.
NewTimeSpace News: Hansoh Pharmaceutical Group Company Limited (03692.HK) announced that the New Drug Application (NDA) for its innovative drug HS-10568 Injection (partner code: SHR6508) was accepted by the National Medical Products Administration (NMPA) on June 9, 2026. It is indicated for secondary hyperparathyroidism (SHPT) in adult patients with chronic kidney disease undergoing hemodialysis. HS-10568 is an allosteric modulator of calcium-sensing receptor (CaSR).
NewTimeSpace News: Shanghai Bao Pharmaceuticals Co., Ltd. (02659.HK) announced that the Investigational New Drug (IND) application for its self-developed subcutaneous infusion ceftriaxone sodium BJ007 has been approved by the U.S. Food and Drug Administration (FDA), authorizing clinical trials. According to Frost & Sullivan, no subcutaneous ceftriaxone sodium has been approved globally, and BJ007 is the first and only candidate drug in its class to enter clinical development.
On June 10, the three major Hong Kong indices drifted lower, with chip and LLM concept stocks under selling pressure as ZHIPU AI slid over 7%, while AI application plays like Kuaishou and Tencent bucked the trend. Internationally, Anthropic released its Fable 5 model with tightened security constraints alongside an unaligned version to ease regulatory oversight ahead of its IPO. Domestically, Meituan officially launched its AI-native browser Tabbit 1.0, enabling automated cross-webpage workflows across multiple LLMs, while Zhipu AI allied with HFUT to establish a multi-tier "LLM Innovation Experimental Class" to secure elite talent pipelines for the industry.
