ChiNext Rebounds 4% as AI Hardware, Robotics and Hong Kong Tech Stocks Rally
Grade Abullish AI signal$SAMSUNGSTOCK$SKHYNIXSTOCK$MINIMAXSTOCK$ZHIPUSTOCK$CXMTSTOCK$UNITREESTOCK
China’s ChiNext Index rebounded 3.92% after falling more than 3% in early trading and briefly losing the 2,500-point level. AI computing hardware, memory chips and humanoid robotics recovered in the afternoon, while Hong Kong’s Hang Seng Tech Index rose 2.61%.
Unitree Technology rose more than 16%, breaking above 600 yuan, and was up more than 40% for the week. CATL’s A shares rose more than 3% and its Hong Kong shares gained 4% after BAIC Group and CATL signed a strategic battery-swapping cooperation agreement covering 1 million units.
In AI hardware, ChangXin Technology rose 6%, while Moore Threads and MetaX gained 9%. Optical-module companies Zhongji Innolight and TFC Communication said they had sufficient orders and normal operations. Eoptolink said 1.6T optical modules had entered a sustained volume-ramp phase, while Zhongji Innolight said customers had provided 2027 guidance and that demand for 1.6T and 800G orders in 2027 would continue to grow rapidly versus 2026.
In Hong Kong, the Hang Seng Index rose 1.24%, the Hang Seng Tech Index gained 2.61%, and Xiaomi rose more than 4%. MiniMax rose as much as 11% intraday.
Bullish strength: 68/100
AI hardware rebound
Robotics sector strength
Bearish strength: 32/100
Early-session volatility
Focus on delivery execution
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.
Gold is heading for a weekly loss exceeding 3.5% as rising energy prices stoke inflation concerns and expectations for higher interest rates.
New York gold futures fell 0.8% to $4,026 per troy ounce, while traders priced in nearly an 80% probability of a Federal Reserve rate hike in December despite expectations for unchanged rates next week.
Persistently elevated energy prices and rising rate expectations could intensify selling pressure on gold by reducing the appeal of the nonyielding asset.
European stocks extended their decline on Friday as Kering plunged following weak Gucci sales, while rising oil prices and political uncertainty in France weighed on investor sentiment.
The STOXX 600 fell 0.13% to 636.50 points, with Kering sliding 10.4% after third-quarter Gucci sales disappointed, while Brent crude climbed more than 1% to multi-month highs.
Persistent political uncertainty, elevated oil prices and weakness in luxury stocks could intensify pressure on European equities and prolong the index's weekly decline.
President Trump has invoked the Defense Production Act to provide up to $150 million to expand U.S. petroleum production, storage and refinery logistics, targeting higher fuel output and lower prices.
The Department of Energy expects the funding to increase refining output by millions of gallons per day, while Vice President JD Vance identified Delek US's Texas refinery as a potential beneficiary.
Expanded refining capacity could increase domestic fuel supply and pressure gasoline and diesel prices, although the specific funded projects have not been announced.
Japanese rubber futures fell 0.91% on Friday as a strengthening yen and declining Tokyo equities pressured prices, despite the contract posting a weekly gain.
Osaka Exchange rubber futures settled at 447.9 yen per kg, down 4.1 yen, while Chinese tyre production recovered and Shanghai butadiene rubber futures surged 3.29% to 16,185 yuan per metric ton.
Continued yen strength could pressure Japanese rubber futures, while improving Chinese tyre production may help support broader rubber demand.