Hong Kong stocks surged | Afternoon gains in AI concept stocks widened Hong Kong's policy address mentions artificial intelligence multiple times. Institutions are optimistic about the continued acceleration of AI applications.

According to the Chinese Finance and Economics App, the concept of AI stocks saw their gains expand in the afternoon. As of the time of writing, Baidu Group-SW (09888.HK) rose by 17.84% to 133.4 Hong Kong dollars; Sensetime-W (00020.HK) rose by 14.47% to 2.61 Hong Kong dollars; Kingsoft Cloud (03896.HK) rose by 8.9% to 8.93 Hong Kong dollars; Wanguo Data-SW (09698) rose by 5.1% to 37.1 Hong Kong dollars; and Alibaba-W (09988) rose by 5.15% to 161.4 Hong Kong dollars.