The Hang Seng Index rose by over 2.3% on Tuesday as Donald Trump hinted at a possible truce between Israel and Iran, ending a bombing campaign that has been going on in the past few weeks.
The index, which tracks the biggest technology companies listed in Hong Kong, jumped to H$5,300 on Tuesday, up by over 26% from its lowest point this year.
JPMorgan is bullish on Asian tech companies
Its rally may continue this year if JPMorgan’s forecast for Hong Kong technology companies is correct. In a note, the Wall Street giant said that Hong Kong stocks would jump by between by additional 10% and 15% this year, citing investments in artificial intelligence (AI). The report said:
“AI will continue to lead this upcycle on the growth in datacenter capex in 2025 and more confidence in 2026 growth. We are not advising any meaningful rotation away from AI stocks in the next three months and would prefer to stick with the winners.”
Let’s explore the top gainers and laggards in the Hang Seng Tech Index this year.
Horizon Robotics
Horizon Robotics has been the best-performing Hang Seng Tech Index company this year as it jumped by over 86%. It has jumped by 96% in the last six months.
Horizon Robotics is a company disrupting the automotive industry by providing advanced driver assistance systems (ADAS), which help to be autonomous.
Its solution is widely used by Chinese automotive companies like Li Auto, BYD, Chery Automobile, SAIC, Great Wall Motor, and Dongfeng, among others.
Horizon Robotics stock price has jumped as investors anticipate that it wll continue gaining market share as Chinese vehicle companies boom.
Xpeng (XPEV)
XPeng is another top gainer in the Hang Seng Tech Index as its stock jumped by over 67% this year. It has jumped because of the rising market share in the Chinese EV market.
The most recent results showed that Xpeng delivered 33,525 vehicles in May, up by 230% from the same period last year. It passed the 30,000 milestone for the seventh consecutive month, bringing the 5-month figure to over 162,000.
The company hopes to continue this trajectory after launching MONA Mo3 Max, which costs about 150,000 RMB or about $20,000.
Read more: Here’s why the XPeng stock price may surge 140% in 2025
Tencent Music
Tencent Music stock has jumped by 65% this year, making it the third top gainer in the Hang Seng Tech Index. This rally happened as the music streaming company accelerated its growth this year.
The most recent results showed that the company’s total revenue rose by 8.7% YoY in the first quarter to over $1 billion. Most of this growth came from music subscriptions, offset by a drop in social entertainment services.
Tencent Music’s profit has jumped in the past few months. Its quarterly net profit soared by 201% to $591 million.
Xiaomi
Xiaomi stock price has jumped by 64% this year, making it another top Hang Seng Tech Index companies. The company’s growth is primarily because of its growing smartphone and electric vehicle market share. It recently raised $5.5 billion to advance the manufacturing of its EV as demand jumps.
Xiaomi’s revenue rose by 47% to over 111.29 billion in the first quarter, as its smartphone and IoT business boomed. The EV and AI segment recorded revenues of over RMB 18.6 billion in the last quarter. This growth will continue as its market share gains continue.
Read more: Here’s why the Xiaomi stock price is beating Apple
The other top Hang Seng Tech Index companies this year are firms like NetEase, BYD, JD Health, Alibaba Group, and Alibaba Health Information.
On the other hand, the top laggards in the index are BYD Electronic, ASMPT, NIO Trip, Meituan, Haier Smart Home, and Lenovo Group.
The post Top Hang Seng Tech Index stocks gainers in 2025 revealed appeared first on Invezz
