STOCKS | Hong Kong Stocks End Lower; Zhipu Jumps 11.3% After Share Placement

U.S. stocks fell overnight amid U.S.-Iran tensions, while U.S. equity futures rose in afternoon trading; Asian markets were mixed as optimism over AI-related demand revived interest in semiconductor shares, according to Ming Pao. Japan and South Korea extended gains, while Taiwan stocks continued to fall. China released CPI and PPI data in the morning; A-shares turned higher in the afternoon and closed near the day’s highs, with the Shanghai Composite reclaiming the 4,000 level. Hong Kong stocks rose early but later reversed to end lower, with losses narrowing late in the session as mainland shares strengthened. The Hang Seng Index and Hang Seng China Enterprises Index hit three-week highs in the morning, while the Hang Seng Tech Index touched a one-month high. Zhipu (2513) rose 11.3% after a share placement.