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Hong Kong Stock Afternoon Review | All three major indexes fell, the Hang Seng Index dropped below 22,000 points, falling over 1%; Network Technology stocks corrected, JD.com fell over 5%; Biotechnology stocks performed strongly against the trend, REMEGEN
Network Technology stocks fell, JD-SW dropped 5.29%, MEITUAN-W fell 4.85%; semiconductor stocks declined, HUA HONG SEMI dropped 3.72%, SOLOMON SYSTECH fell 2.44%; Digital Health stocks decreased, Dingdang Health dropped 2.99%, ALI HEALTH fell 2.74%.
The trade war urges a breakthrough in chip and AI innovation. This event in Zhangjiang Science City gathers various sectors to explore collaborative development paths.
① In the special event on in-depth insights into AI and chips held in Zhangjiang Science City, guests stated during the speech segment that the tariff war has impacted the chip and AI industries, but there are also positive factors for industry development; ② Edge AI and AI Agent are developing rapidly, and companies should grasp the technology development trends, utilize the characteristics of domestic computing power, seek breakthroughs in difficulties, and promote the sustainable development of the chip and AI industries.
Hong Kong Stock Market Midday Review | All three major Indexes rose, with the Technology Index increasing by 2.3%; tech and tea beverage stocks surged, with Kuaishou and Alibaba rising over 3%, and Mx Group rising over 7% to reach a new high.
Network Technology stocks rose, NTES-S increased by 3.90%, KUAISHOU-W rose by 3.39%; Mobile Game stocks climbed, XD INC increased by 6.37%, NTES-S rose by 3.90%; Sporting Goods stocks performed well, XTEP INT'L increased by 3.61%, YUE YUEN IND rose by 3.53%.
Hong Kong market quick review | The three major indices had mixed results, with the Hang Seng Index rising by 0.23%, marking six consecutive increases; Home Appliances stocks performed actively, with HISENSE HA rising by 6%; MINISO increased by nearly 4%.
Network Technology stocks rose together, with KUAISHOU-W up 1.69% and Alibaba-W up 1.57%; Apple Supplier stocks generally fell, with AAC TECH down 5.46% and Q TECH down 2.88%; Most Hong Kong Retail Stocks declined, with MILAN STATION up 6.60% and PRADA down 4.18%.
Hong Kong stock midday commentary | The three major Indices opened high and fell, with the technology index dropping nearly 1%; Consumer stocks performed actively, with Wei Long Delicious rising nearly 5% to set a new high, and Anta rising over 3%.
Network Technology stocks fluctuated, with NTES-S down 1.75% and Alibaba-W up 1.29%; Casinos and Gaming stocks saw many declines, with PARADISE ENT up 5.52% and GALAXY ENT down 3.57%; Apple Supplier stocks experienced many declines, with AAC TECH down 4.09% and BYD Electronics down 2.21%.
Semiconductor stocks fell broadly. SHANGHAI FUDAN (01385) dropped 3.32%. Trump initiated an investigation into semiconductor imports.
Jin Wu Finance News | Semiconductor stocks fell broadly, with BEKE Micro (02149) dropping 4.35%, SHANGHAI FUDAN (01385) down 3.32%, Semiconductor Manufacturing International Corporation (00981) down 2.84%, HUA HONG SEMI (01347) down 2.78%, HG SEMI (06908) down 1.96%, CE HUADA TECH (00085) down 1.39%, and ASMPT (00522) down 1.37%. On the news front, the Trump administration in the USA is initiating an investigation into semiconductor and Pharmaceutical imports citing National Security concerns. The US tariff actions are expanding, and Trump stated that he will