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Hong Kong-listed tech stocks rallied, with Tencent Holdings (00700.HK), Kuaishou (01024.HK), and Alibaba Health (00241.HK) all rising over 5%, Meituan (03690.HK) up 3.5%, Alibaba (09988.HK) and Bilibili (09626.HK) up 2.8%, and JD.com (09618.HK) up over 2%.Hong Kong-listed AI stocks declined, with Zhipu (02513.HK) falling 10%, UBTECH (09880.HK) and Qunhe Technology (00068.HK) falling over 7%, and MINIMAX-W (00100.HK) falling over 6%.July 6th – The World Internet Conference held a press conference on the 6th to introduce the basic information, overall preparation progress, and highlights of the 2026 World Internet Conference Digital Silk Road Development Forum. The forum will be held in Xian from July 21st to 22nd, with the theme "Smart Silk Road, Digital New Beginning – Building a Community with a Shared Future in Cyberspace." In addition to the opening ceremony, the forum will also feature five thematic forums focusing on cooperation and development in "Silk Road e-commerce," collaborative innovation in intelligent systems, cultural heritage protection and inheritance in the digital age, artificial intelligence empowering the low-altitude economy, and digital health. These forums aim to promote consensus and cooperation among countries participating in the Belt and Road Initiative, and jointly seize new opportunities for digital development.On July 6, South Korean President Lee Jae-myung instructed officials on Monday to expedite the major chip and artificial intelligence (AI) projects announced last week. He warned that delays in licensing approvals, land acquisition, and securing electricity and water supplies could undermine South Koreas efforts to dominate advanced industries. "In this situation, the outcome seems to depend on who acts faster, who can gain the lead first," Lee said at a government meeting. "Speed is everything." Lee pointed out that the Yongin Industrial Complex, which took six years from site selection to groundbreaking, was already considered relatively fast. He stated that processes that were previously handled sequentially should be streamlined and called for shortening environmental assessments and other approval processes as much as possible. He demanded that electricity and water infrastructure be secured in advance, stating that electricity will be a particularly critical issue for the chip projects. Lee also indicated that despite the continued expansion of renewable energy supply, companies remain concerned about baseload power capacity, and therefore ordered officials to address these issues ahead of schedule.Hong Kong-listed PCB stocks declined, with Kingboard Laminates (01888.HK) falling over 10% and Kingboard Holdings (00148.HK) falling over 5%.

Technical Analysis

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