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%.

CSPC Pharmaceutical Group (01093) rose as much as 3.2% to HK$9.46 after touching HK$9.49 and moving above its 10-day moving average of HK$9.386, according to ETNet.

The stock traded 12.81 million shares worth HK$120 million. The active buy-sell ratio stood at 67:33, with net active buying of HK$37.93 million. The Hang Seng Index was up 185 points, or 0.7%, at 25,496, while the Hang Seng China Enterprises Index gained 62 points, or 0.7%, to 8,512.

The yuan's midpoint against the U.S. dollar was fixed at 6.7807 on Wednesday, according to ETNet, up 22 pips from the previous session and the strongest since February 8, 2023.

The fix was 640 pips weaker than market forecasts.

The onshore yuan opened 9 pips higher at 6.7210 after closing at 6.7219 in the prior session.

Market participants said the yen's rebound has helped ease external pressure on the dollar, supporting a firmer fixing for the yuan.

They expect the spot yuan to drift higher in a stable range. Investors are also watching Friday's nonfarm payrolls report, which could shape expectations for the Federal Reserve's rate path.

ETNet's Hong Kong IPO calendar outlines a sequence of new listings scheduled from June 29 to September 9, 2026.

The lineup includes MOMENTA-W (06880), Xiaomi-backed robot maker Meika Man, Shein, and several other issuers, with offer prices, listing dates and board lot sizes disclosed.

One issuer, Yongkang Holdings (02523), is marked as having its listing postponed.

The calendar also identifies the sponsors, coordinators and bookrunners associated with each deal.

The Polymarket submarket for Grand Theft Auto VI's first-week view count, labeled '20-22M', saw a notable move in the Yes option, climbing from 56.5% to 81% within roughly an hour—a 24.5-point increase.

ChainCatcher reported that Catcher Predict monitored the volatility surrounding the submarket.

The analysis note added that related breaking news could have contributed to the swing.

Galaxy researchers tracking the COLDCARD Wave 3 incident say the attacker has moved the stolen funds for the first time and converted some of them to ETH through THORChain’s cross-chain decentralized exchange.

ChainCatcher adds that this marks the first on-chain transfer from the original hacker addresses linked to Waves 1, 2, or 3.

Jin10, citing Axios, reported that sources familiar with the matter said U.S. Middle East envoy Witkoff met with the UAE's national security adviser last weekend to discuss possible next steps regarding Iran.

According to Jin10, Broadcom's chief executive expects the company to maintain its operating margin even if shifts in product mix lead to a lower gross margin.

MongoDB chief executive CJ Desai said the company is seeing robust demand, and Atlas has posted 29% growth for the fifth straight quarter, with total Atlas dollars continuing to rise quarter over quarter, Bloomberg reported.

Desai made the remarks in an interview with Romaine Bostick and Sally Bakewell on The Close.

Wallstreetcn reports that, as of September 2, U.S. Central Command said forces had redirected 86 merchant ships as part of the maritime blockade against Iran. Three vessels were rendered unable to operate, and two ships were boarded for inspection.