China's Hua Hong HK shares hit record high, leads HK tech shares higher

Alibaba Holding

06/05/2026 08:30

** Hong Kong shares of Hua Hong Semiconductor 1347.HK jump 13.9% to HK$135.6, their highest point since their debut in October 2014, leading gains in the Hong Kong-listed technology shares

** Stock set for the biggest one-day pct rise since April 24; top pct gainer in Hang Seng TECH Index .HSTECH, which adds 0.9%

** Shanghai-listed stock 688347.SS rises as much as 12.5% to 158.65 yuan, the highest since January 30

** Investors returning from a five-day holiday in mainland China snapped up tech shares, inspired by persistent global enthusiasm around artificial intelligence, and fresh signs of China's economic resilience - traders

** Hong Kong shares of Semiconductor Manufacturing International Corp (SMIC) 0981.HK soar as much as 12.1% to HK$79.4, the highest level since January 29

** SMIC Shanghai shares 688981.SS climb as much as 7.9% to 128.12 yuan, the highest point since January 28

** Shares of Lenovo Group 0992.HK surge 4.3%, Hong Kong shares of Baidu 9888.HK and Alibaba 9988.HK up 4.1% and 2.4%, respectively

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))