Hong Kong stocks surged. Tianyue Advanced (02631.HK) rose more than 8% in midday trading. The company has achieved a breakthrough in technology for a full series of 12-inch silicon carbide substrates.

According to the Securities Times app, Tianyue Advanced (02631.HK) rose more than 8% intraday. As of the time of writing, it has risen by 5.79% to 53 Hong Kong dollars, with a turnover of 151 million Hong Kong dollars.