--- title: "Hong Kong Stock Midday Review | Hang Seng Index fell 1.1% in the morning session, optical communication concept stocks broadly declined" type: "News" locale: "en" url: "https://longbridge.com/en/news/289270007.md" description: "The Hong Kong Hang Seng Index fell 1.1% to 24,294 points in the morning session, while the Hang Seng TECH Index dropped 1.69%. Tencent, telecommunications stocks, and Mabwell rose against the trend, with Mabwell increasing by over 17%. Optical communication concept stocks were affected by the sharp decline in U.S. stocks and news of technical delays, with YOFC falling by 10%. In addition, bank stocks continued to decline, coal stocks fell, while PRADA surged over 7% due to its foray into the aerospace industry" datetime: "2026-06-10T04:04:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289270007.md) - [en](https://longbridge.com/en/news/289270007.md) - [zh-HK](https://longbridge.com/zh-HK/news/289270007.md) --- # Hong Kong Stock Midday Review | Hang Seng Index fell 1.1% in the morning session, optical communication concept stocks broadly declined According to Zhitong Finance APP, the Hong Kong Hang Seng Index fell by 1.1%, down 271 points, closing at 24,294 points; the Hang Seng TECH Index dropped by 1.69%. The turnover of Hong Kong stocks in the morning session was HKD 170 billion. The user limit for the WeChat HarmonyOS beta has been raised, and Tencent (00700) rose over 3%. Telecom stocks rose in the morning session. China Unicom (00762) increased by 3.7%, and China Telecom (00728) rose by 2.4%. Media reports indicate that China plans to invest approximately RMB 2 trillion over the next five years to build data centers across the country. Aerospace Holdings (00031) rose over 4%, stating that it currently has SiC power module-related products and has achieved small batch shipments. Zhenjiu Lidu (06979) rose over 3% again, with institutions indicating that the company's actual operations are expected to exceed expectations, with a net profit margin in the first half of the year likely approaching 20%. Pop Mart (09992) rose over 3%, with its dessert brand POP BAKERY set to open its first store in Qinhuangdao. Shandong Molong (00568) rebounded over 11%, as the conflict between the U.S. and Iran reignited, leading to U.S. retaliatory strikes on Iran. Mabwell Biologics-B (02493) rose over 17% against the trend, as the clinical trial application for the 9MW5211 injection was approved by the National Medical Products Administration. Prada (01913) rose over 7%, as the company ventured into the aerospace industry, with the inner layer LCVG of the next-generation lunar spacesuit entering the final testing phase. Coal stocks generally fell, as supply guarantee policies reversed expectations of supply contraction, with institutions still optimistic about medium to long-term coal prices. China Qinfa (00866) fell by 5.7%; Yanzhou Coal Mining (01171) dropped by 5.8%. Optical communication concept stocks fell broadly. A SemiAnalysis report indicated delays in two key technologies, leading to a sharp decline in U.S. optical communication stocks overnight. Hongteng Precision (06088) fell by 8.5%; YOFC (06869) dropped by 10%; Huiju Technology (01729) fell by 8.6%. Hong Kong bank stocks continued to decline. Standard Chartered Group (02888) fell by 6.9%; HSBC Holdings (00005) dropped by 5.49%. 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