--- title: "Hong Kong Stock Midday Review: Hang Seng Index Opens Lower and Declines, Biopharmaceutical Stocks Surge" type: "News" locale: "en" url: "https://longbridge.com/en/news/284308488.md" description: "Today, during the midday session of the Hong Kong stock market, the Hang Seng Index opened lower and continued to decline, closing down 0.66%, while the Hang Seng Tech Index fell 1.23%. Biopharmaceutical stocks performed strongly, with WuXi AppTec rising over 15% and Junshi Biosciences increasing over 7%. Chinese brokerage stocks rebounded, with Guolian Minsheng rising over 5% and GF SEC up over 4%. Coal stocks also strengthened, with China Coal Energy rising over 4%. Apple concept stocks adjusted, with AAC Technologies falling over 6% and Sunny Optical Technology dropping over 4%. Contemporary Amperex Technology plans to discount approximately 7% for the placement of 62.385 million shares, closing down 6.88% in the morning session. The new stock Xizhi Technology-P surged 359.61%" datetime: "2026-04-28T04:03:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284308488.md) - [en](https://longbridge.com/en/news/284308488.md) - [zh-HK](https://longbridge.com/zh-HK/news/284308488.md) --- # Hong Kong Stock Midday Review: Hang Seng Index Opens Lower and Declines, Biopharmaceutical Stocks Surge On April 28th, Jin10 reported that the Hang Seng Index opened lower and fluctuated downwards in early trading. By the noon close, the Hang Seng Index had fallen by 0.66%, and the Hang Seng Tech Index had dropped by 1.23%. Biopharmaceutical stocks surged, with WuXi AppTec (02359.HK) rising over 15% after earnings, and Junshi Biosciences (01877.HK) increasing over 7% post-earnings; Chinese brokerage stocks rebounded significantly, with Guolian Minsheng (01456.HK) up over 5% and GF SEC (01776.HK) up over 4%; coal stocks strengthened, with China Coal Energy (01898.HK) rising over 4%; in addition, concepts related to chips, telecommunications, education, and oil were active in the morning session. Apple-related stocks saw a significant pullback, with AAC Technologies (02018.HK) down over 6% and Sunny Optical Technology (02382.HK) down over 4%; furthermore, concepts related to commercial aerospace, wind power, non-ferrous metals, new consumption, and new energy vehicle companies were sluggish in the morning. In terms of individual stocks, Contemporary Amperex Technology (03750.HK) plans to place 62.385 million shares at a discount of about 7.00%, raising approximately HKD 39.11 billion, and fell 6.88% in early trading; new stock Xizhi Technology-P (01879.HK) rose 359.61% in early trading ### Related Stocks - [688180.CN](https://longbridge.com/en/quote/688180.CN.md) - [02359.HK](https://longbridge.com/en/quote/02359.HK.md) - [01776.HK](https://longbridge.com/en/quote/01776.HK.md) - [159859.CN](https://longbridge.com/en/quote/159859.CN.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [603259.CN](https://longbridge.com/en/quote/603259.CN.md) - [01877.HK](https://longbridge.com/en/quote/01877.HK.md) - [01456.HK](https://longbridge.com/en/quote/01456.HK.md) - [601456.CN](https://longbridge.com/en/quote/601456.CN.md) - [000776.CN](https://longbridge.com/en/quote/000776.CN.md) - [01898.HK](https://longbridge.com/en/quote/01898.HK.md) - [601898.CN](https://longbridge.com/en/quote/601898.CN.md) - [02018.HK](https://longbridge.com/en/quote/02018.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [01879.HK](https://longbridge.com/en/quote/01879.HK.md) - [HCCD.SG](https://longbridge.com/en/quote/HCCD.SG.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) ## Related News & Research - [Junshi Biosciences Board Approves 2026 Q1 Report at Fully Attended Meeting](https://longbridge.com/en/news/284233708.md) - [Junshi Biosciences Shareholder Plans Up to 2% Stake Reduction](https://longbridge.com/en/news/283841816.md) - [Why the CPI Doesn't Fully Capture What Retirees Actually Pay -- and What to Do About It](https://longbridge.com/en/news/284253996.md) - [Trump’s $12B farm aid was meant as relief. The Iran war is wiping it out](https://longbridge.com/en/news/284079568.md) - [WuXi AppTec Shares Rise After Strong First-Quarter Earnings](https://longbridge.com/en/news/284315901.md)