Hong Kong stocks surged and then retreated today, with market trading sentiment being cautious. The Hang Seng Index briefly broke through 24,000 points in the morning session, followed by a pullback. Xiaomi Corporation saw a drop of over 8% during the day, closing down more than 5%, while Hua Hong Semiconductor fell over 3%; consumer stocks performed well, with NAYUKI rising over 21% and HAIDILAO increasing over 6%. Southbound funds had a net buying amount of nearly HKD 17 billion
