Hong Kong Stock Close: Hang Seng Tech Index Up Over 2%, Semiconductor Sector Strengthens

What will the semiconductor price hike mean for the future of tech stocks?

On March 16, the Hang Seng Index closed up 1.45%, and the Hang Seng Tech Index rose 2.69%.

Major tech stocks rallied collectively, with Xiaomi Group up over 5%, Meituan up over 3%, and Tencent up over 2%.

The semiconductor sector strengthened, with GigaDevice Semiconductor up over 18%, Lianchuang Technology up nearly 8%, and Huahong Semiconductor up over 7%.

The automotive sector also rose across the board, with BYD up nearly 8%, and NIO-SW, Chery Automobile, and Geely Automobile among others following suit.

The non-ferrous metals sector pulled back, with Chifeng Gold dropping 6.5%, and China Aluminum, Shandong Gold, and China Nonferrous Mining seeing declines.

Stock Movements

Zhipu AI up over 14%! To release a new model, possibly the world’s first “Lobster Model”

On March 16, Zhipu AI closed up 14.15%. According to Cailian News, on the evening of March 15, Zhipu AI announced on its overseas official WeChat account that it will release the Lobster large model GLM-5-Turbo. This is the world’s first general large model specifically optimized for the Lobster OpenClaw scenario. Its performance in OpenClaw scenes significantly surpasses GLM-5, leading in multiple key tasks compared to several mainstream models.

Q Technology’s intraday volatility exceeds 7%, net profit last year increased 4.35 times year-over-year

On March 16, Q Technology turned positive in the afternoon, rising 3.75% for the day, with an intraday range exceeding 7%. The company announced its annual results as of December 31, 2025, reporting revenue of 20.877 billion yuan (RMB), up 29.26% year-over-year; attributable net profit of 1.494 billion yuan, up 435.22%; and a proposed final dividend of 40 HK cents per share, compared to 10 HK cents last year. The company stated that profit growth was mainly due to increased operating revenue; gross margin improved by about 1.7 percentage points from the previous year; and the disposal of part of its stake in Indian Q Technology resulted in an after-tax gain of approximately 810 million yuan.

The semiconductor supply chain may face a new wave of price hikes, GigaDevice Semiconductor H-shares up over 18%

On March 16, GigaDevice Semiconductor H-shares surged over 18%. According to Cailian News, following storage chips and packaging, the semiconductor supply chain may be entering a new wave of price increases. Foundries such as UMC, World Advanced, and Powertech are expected to raise prices starting as early as April, with increases of up to 10% or more.