Hong Kong stocks saw a mild lift by midday, with the Hang Seng Index climbing 89 points, or 0.36%, to 25,131, while the Hang Seng Tech Index advanced 0.99%. Morning turnover on the Hong Kong market reached HK$146.1 billion.

TENCENT (00700) jumped 6.6% to lead the blue-chip gains, driven by its AI assistant Muse, which validates consumer-grade agents and has institutions bullish on the company's "small and micro" ecosystem moat. BABA-W (09988) rose 2.9% as it commits fully to AI infrastructure construction and unveiled its next-generation AI chip, Zhenwu V900.

MONTAGE TECH (06809) added 9% as the AI agent Muse ignited CPU-related trading, with expectations that demand for memory interconnect chips will increase. CONANT OPTICAL (02276) climbed over 7% to a four-month high, with its Jiangsu base locked onto the smart glasses track as the company's business continues to upgrade.

XTALPI (02228) rose more than 4%, as its XtalPi Science platform outperformed Claude across multiple drug discovery tasks. MOBVISTA (01860) gained over 5%, with its next-generation AI Infra expected to launch in October, potentially opening up budget headroom for mid-to-heavy games.

HAIZHI TECH GP (02706) advanced more than 8%, after its agent business surged 135.6% in six months, keeping the industry's high-growth trajectory intact. BOYAA (00434) rose another 11% as bitcoin broke above US$85,000, with the company holding roughly 4,468 bitcoins.

Newly listed LIGENT (09856) debuted on the main board with a gain of over 12% in morning trade, ranking fifth globally among professional optical module manufacturers. Meanwhile, gold stocks weakened again, with ZIJIN GOLD INTL (02259) falling 4.8% after another Federal Reserve official struck a hawkish tone.

BOSS ZHIPIN-W (02076) slipped more than 3.7%, with two large pre-market block trades appearing, following Tencent's recent reduction of its stake worth over HK$2.2 billion.