Two Hong Kong-listed GPU names fell on Friday, with Tensordom (09903) down 1.7% to HK$315.4 and Biren Technology (06082) down 3.7% to HK$36.08, according to ETNet. Tensordom has now fallen for six straight sessions, while Biren has declined for two. Suiyuan Technology, another member of the so-called domestic GPU quartet, listed on Shanghai's STAR Market and opened at RMB410, more than 1.88 times its issue price of RMB142.18. Based on 500 shares per lot, each winning lot would have gained RMB133,900 before fees. According to its prospectus, Suiyuan Technology raised an estimated RMB6.12 billion and had an implied post-listing market value of about RMB61.2 billion. The offering represented 10% of its enlarged share capital, while the final strategic placement covered 8.607 million shares, or about 20% of the total issue. The company said the proceeds will fund research, development and industrialisation of its fifth- and sixth-generation AI chip products, as well as advanced AI hardware-software co-innovation projects. The Hang Seng Index was down 282 points, or 1.1%, at 24,671. Mainboard turnover topped HK$48.4 billion. The Hang Seng China Enterprises Index fell 77 points, or 0.9%, to 8,196, while the Hang Seng Tech Index dropped 41 points, or 1%, to 4,288.

According to Jin10, Hong Kong optical communication stocks strengthened against the broader market, with Haiguang Xinzheng (01191.HK) rising more than 6.5%, Zhongji Innolight (03308.HK) rising more than 4%, Sunny Optical Technology (02382.HK) rising more than 2.5%, and Yangtze Optical Fibre and Cable Joint Stock Limited Company (06869.HK) and Cambridge Technology (06166.HK) both rising 2%.

Hong Kong stocks opened lower on Wednesday, with the Hang Seng Index down 236 points, or 0.95%, at 24,718, according to Ming Pao. Turnover on the main board was HK$3.2 billion. The Hang Seng China Enterprises Index fell 77 points, or 0.94%, to 8,197, while the Hang Seng Tech Index opened at 4,271, down 1.36%. Advancers accounted for 5.15% of stocks, decliners 12.88%, and 81.96% were unchanged.

China's Ministry of Industry and Information Technology has released an implementation plan for a special "AI+software" initiative, with a goal of significantly raising the intelligence level of the software and information technology services industry by 2028, Bloomberg reported. The plan also aims to cultivate a group of high-level intelligent programming tools and intelligent development platforms.

Forward Industries said its general counsel, Georgia Quinn, responded to SEC Commissioner Hester Peirce’s July 22, 2026 statement, "Headstands and Summervaults," with a proposed three-tier regulatory framework for vaults centered on the degree of management discretion. According to ChainCatcher, the framework divides vaults into Type I Use, where developers provide ready-to-use software and users configure parameters themselves without registration; Type II Follow, modeled on the SEC’s 2013 AngelList no-action letter and requiring conditions such as co-investment and disclosures without investment adviser registration; and Type III Advised, which involves active management and would require registration or an exemption, with joint SEC and CFTC oversight suggested to avoid overlapping compliance obligations. The proposal also sets five baseline requirements for all vaults: conflict-of-interest disclosure, public code audits, exclusion of disqualified persons, application of anti-fraud rules, and state law preemption. It said Peirce’s statement did not mention the CFTC and argued that cross-agency oversight of mixed-asset vaults still needs to be resolved by the SEC and CFTC.

London Metal Exchange data released on Thursday showed that the share of deliverable China-origin copper in LME warehouses rose from 42% in the previous month to 44% in August, while total deliverable inventories increased. According to Sina Finance, total deliverable copper inventories in LME warehouses rose to 111,175 tons by the end of August from 101,425 tons at the end of July. Deliverable China-origin copper inventories increased by 6,350 tons to 49,400 tons. According to Sina Finance, investors had previously rushed to cover short positions, pushing nearby copper futures into a steep premium and drawing some copper into LME warehouses. Russian-origin aluminum accounted for 95% of LME deliverable aluminum inventories in August, unchanged from the previous month, even as inventories edged down by 2,750 tons to 230,050 tons. According to Sina Finance, the share of China-origin nickel in LME deliverable nickel inventories remained unchanged at 70% by the end of August.

Barclays traders reportedly worried about being left in an information blind spot around this year’s Federal Reserve rate decisions and other busy market periods. According to Sina Finance, six people with direct knowledge said one of the bank’s long-used risk engines has been failing frequently. The platform, called Beowulf, has reportedly hindered traders in foreign-exchange derivatives such as options and forwards. The people familiar with the matter said rates derivatives traders were also affected, although disruptions in those assets were usually shorter. Barclays said its trading platforms continue to provide reliable support to clients under a range of market conditions. In an emailed statement, the bank said stability-related incidents had fallen by more than 70% over the past four years and that it had found no evidence linking Federal Reserve announcements to platform outages.

Hansoh Pharmaceutical (03692) fell 3.00% to HK$32.34 at 9:49 AM and has declined for four straight sessions, with a cumulative loss of 10.86%, according to ETNet. BrainAurora-B (06681) rose 9.45% to HK$1.39 and hit a record low, with active buy-sell ratio at 61:39.

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