Hang Seng Tech Index rises over 5%, semiconductor sector leads the gains | Hong Kong stock market closing review

Ask AI · How does Zhipu GLM’s price increase aligning with overseas giants affect competition in the AI industry?

On April 8, the Hong Kong stock market rebounded strongly, with the Hang Seng Index closing up 3.09% and the Hang Seng Tech Index rising 5.22%.

Weighted tech stocks broadly rose, with Meituan up over 10%, Alibaba up nearly 7%, and Tencent Holdings up nearly 4%.

The semiconductor sector led the gains, with Huahong Semiconductor up over 14%, Shanghai Fudan up over 11%, and SMIC up over 10%.

The non-ferrous metals sector rose as well, with multiple stocks such as China International Gold, Luoyang Molybdenum, and China Nuclear International gaining over 10%.

AI application-related concepts saw several stocks climb, with Zhipu up over 11% and MINIMAX-W up over 5%.

Oil and coal stocks fell against the trend, with Shandong Molong dropping nearly 13%, Sinopec Oilfield Service down over 4%, Yankuang Energy down nearly 4%, and China Coal Energy down over 2%.

Stock-specific abnormal movement

Zhipu GLM again raises prices by 10%, up more than 11% today

Zhipu is up more than 11% today. On the news front, according to The Daily Economic News, Zhipu GLM recently raised prices again by 10%. After the price adjustment, the cached-hit token price of GLM-5.1 in Coding scenarios has approached Anthropic’s Claude Sonnet 4.6 level. This is the first time a domestic large model has achieved price alignment with overseas leading vendors in core scenarios.

Yuewen Group produced nearly 1,000 animated series by 2025, up more than 6% today

Yuewen Group is up more than 6% today. On the news front, Yuewen Group’s previously disclosed financial report shows that in 2025, Yuewen’s animated-series output totaled nearly 1,000, with more than 100 having view counts exceeding 10 million and 12 works exceeding 100 million views, driving an explosive growth in revenue from the AI animated-series business and successfully breaking through the 100 million yuan mark. As of March 2026, Yuewen’s animated-series have 26 works with view counts exceeding 100 million, showing a powerful long-tail effect from AI’s large-scale production of high-quality content.

World Cup co-branded series products are being snapped up; Pop Mart was up over 9% at one point

Pop Mart was up over 9% at one point and closed today up 7.62%. On the news front, according to the Shanghai Securities News, recently Pop Mart officially launched the THE MONSTERS×FIFA 2026 US-Canada-Mexico World Cup co-branded series. Among them, the LABUBU “Catch the Win” collectible vinyl plush doll priced at 599 yuan sold out quickly. Reports indicate that on the day after its release, the highest transaction price on the Dewu App reached 718 yuan, a premium of 119 yuan, an increase of nearly 20%.