According to Zhitong Finance APP, the Hang Seng Index fell by 1.14%, down 304 points, closing at 26,447 points; the Hang Seng Tech Index dropped by 2.45%. The Hong Kong stock market saw a turnover of HKD 180.3 billion in the morning session.
Tea beverage stocks performed strongly against the trend, with tea shops experiencing a surge in orders during the double holiday period, and tea companies accelerating their overseas expansion. GUMING (01364) rose by 13.23%; NAYUKI (02150) increased by 7.26%; and MIXUE GROUP (02097) climbed by 5.98%.
Domestic insurance stocks collectively rose. The return of dividend-type health insurance after 22 years helps enhance the attractiveness of insurance products. NCI (01336) rose by 3.11%; China Pacific Insurance (02601) increased by 3.02%; and China Life (02628) also rose by 3.02%.
Xiaocaiyuan (00999) rose over 9% again, with impressive operational data during the National Day holiday, showing a 21% year-on-year increase in customer traffic at national stores.
BLOKS (00325) rose over 11% against the market trend, recently debuting its new product series &#34;Building Block Cars&#34; and &#34;Building Block People&#34; at the WF2025 exhibition.
Jinju Group (02009) rose over 5%, as the company actively promotes the overseas expansion of new building materials with several major engineering projects added in various locations abroad.
CHINA GRAPHITE (02237) surged over 24%, as two departments implemented export controls on lithium battery and artificial graphite anode materials.
Chip stocks continued to decline from yesterday. Several brokerages adjusted the margin financing conversion rate for SMIC, with SMIC (00981) dropping another 5.6%; Hua Hong Semiconductor (01347) fell by 4%.
Innovent Biologics (09969) fell over 9% again, recently announcing a licensing cooperation with Zenas for three self-immune pipeline products.
CATL (03750) dropped over 7% again, as the cornerstone lock-up period will expire on the 19th of next month, with both Morgan Stanley and JP Morgan downgrading the company's H-share rating

01364

601336

01336

00325

02150

02237

The Hong Kong Hang Seng Index fell 1.14% in the morning session, reporting 26,447 points, while the Hang Seng Tech Index dropped 2.45%. Beverage stocks rose against the trend, with GUMING up 13.23% and NAYUKI up 7.26%. Domestic insurance stocks collectively rose, with NCI up 3.11%. Xiaocaiyuan rose over 9%, and BLOKS rose over 11%. CHINA GRAPHITE rose over 24%, while chip stocks continued to decline, with SMIC falling another 5.6%

Zhitong

GUMING

BLOKS

NAYUKI

CHINA GRAPHITE

Hong Kong Stock Midday Review | Hang Seng Index fell 1.14% in the morning session, beverage stocks rose against the trend