SMIC (00981) rose 0.7% to HK$68.75, with about 2.12 million shares changing hands for roughly HK$146 million, as Hong Kong's chip and AI software stocks broadly recovered on Dell's quarterly results, ETNet reported.

Dell posted second-quarter revenue of $47 billion, a record high and above the forecast of $44.92 billion, and adjusted earnings per share of $7.04, well ahead of the $4.91 expected. The company also projected third-quarter revenue around $49 billion and adjusted EPS near $6.50, both above prior estimates.

Dell shares jumped 15% overnight, helping restore confidence in AI demand and lifting sentiment across global markets.

In Hong Kong, Hua Hong Semiconductor rose 1.3% to HK$119, Cambricon Technologies gained 1.1% to HK$264.6, GigaDevice Semiconductor added 1.7% to HK$480.4, Tencent rose 1.3% to HK$444, Alibaba edged up 0.2% to HK$110.1, and Baidu eased up 0.9% to HK$93.2.

The Hang Seng Index rose 0.8% to 25,520, with the Hang Seng China Enterprises Index up 0.9% and the Hang Seng Tech Index up 0.7%.