To The Moon

$HSI(HSI)$ : The Hang Seng Index jumped 2.39% and closed at 26,393.71, as tech giants and consumer electronics names led a broad-based rally, while energy majors succumbed to profit-taking after oil prices retreated from recent highs.

The $HSTECH(HSTECH)$ surged 4.75% and closed at 5,102.79, with Southbound funds recording robust net inflows as mainland investors chased Hong Kong's undervalued tech exposure.

Industry leaders: Short Videos Media (+18.06%) and Cable & Satellite (+26.67%) dominated the leaderboard, driven by AI content-generation tailwinds and streaming demand. Cargo Ground Transportation (+12.44%) advanced on logistics re-rating, while Transaction & Payment Processing Services (+15.25%) and Diversified Metals & Mining (+14.44%) also rode the commodity and fintech momentum.

8 Popular Stocks:

• $PETROCHINA(00857)$ -11.97% — Crude oil prices fell sharply from recent Middle East supply-fear peaks as U.S.-Iran ceasefire talks progressed, dragging the upstream energy giant lower alongside the broader petroleum complex. The stock gave back a significant portion of its Q1 gains as investors rotated out of commodity plays and into tech.

• $CNOOC(00883)$ -10.01% — The offshore oil specialist tracked PetroChina lower as Brent crude retreated from the $95–$102/bbl range; the stock's high beta to oil prices amplified losses during the energy sector's worst weekly decline in months.

• $CATL(03750)$ +7.07% — The battery giant rebounded as EV sales data from NEV makers showed resilient demand, and the company's energy storage order book continued to expand globally. The stock recovered from recent placement-related weakness as investors refocused on its dominant market share in lithium-ion batteries.

• $BABA-W(09988)$ +10.32% — The Chinese tech conglomerate surged as AI data-center demand and cloud infrastructure partnerships reignited investor interest. The stock also benefited from anticipation around its upcoming quarterly earnings, with markets expecting continued AI capex investment and core e-commerce stabilization.

• $ZIJIN MINING(02899)$ +7.9% — The gold and copper mining giant advanced as gold prices stabilized near $4,700–$4,850/oz, with the company's aggressive 2026 production targets (105 tons gold, 1.2M tons copper) attracting institutional interest despite near-term price normalization concerns. Goldman Sachs maintains a Buy rating with a HK$52 target price.

• $CHINA LIFE(02628)$ +9.22% — The mainland insurance heavyweight climbed as investors priced in improving investment yields from its equity portfolio, alongside a resilient dividend policy (current yield ~2.5%). The stock trades at a deeply discounted P/E of ~5x, making it a beneficiary of the current value-to-growth rotation in Hong Kong.

• $XIAOMI-W(01810)$ +9.17% — The consumer electronics and EV player rallied as its SU7 electric vehicle delivery numbers beat monthly targets, and its AIoT ecosystem expansion gained traction across Southeast Asia. The stock has been a consistent outperformer in the HSTECH basket as it successfully pivots from smartphones to smart mobility.

• $SMIC(00981)$ +3.46% — The mainland semiconductor foundry advanced modestly ahead of its Q1 2026 earnings announcement scheduled for May 14, with investors cautiously optimistic about domestic AI chip demand and government support for semiconductor self-sufficiency. The company remains a key proxy for China's tech decoupling narrative.