---
title: "STOCKS | Hong Kong’s Hang Seng Ends Up 0.76% After Early Rally Fades"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291517510.md"
description: "Hong Kong's Hang Seng Index closed up 0.76% at 23,055.03, reversing early gains after opening higher post-holiday. The Hang Seng Tech Index fell 0.4%. Market turnover increased to HK$369.63 billion. Semiconductor and computing hardware stocks sold off broadly, with GigaDevice dropping 18.39%. Conversely, auto, rare earth, and precious metals sectors led gains; BYD rose 8.07%, while China Gold International and JL MAG Rare-Earth surged over 11%."
datetime: "2026-07-02T08:17:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291517510.md)
  - [en](https://longbridge.com/en/news/291517510.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291517510.md)
generator: "portal-rs"
---

# STOCKS | Hong Kong’s Hang Seng Ends Up 0.76% After Early Rally Fades

Hong Kong stocks opened higher after the holiday but gave up part of their gains, with the Hang Seng Index closing up 0.76% at 23,055.03 after earlier rising more than 2% to an intraday high of 23,335.92. According to Jin10, the Hang Seng Tech Index fell 0.4% to 4,454.28 after turning lower in the afternoon. Market turnover totaled HK$369.63 billion, up from HK$308.05 billion in the previous session. On the sector front, computing hardware and semiconductor shares sold off broadly in line with overseas markets, with several stocks dropping more than 10%. Auto, rare earth, and precious metals shares led gains, while the innovative drug sector rose again in the afternoon. Among individual stocks, BYD Co. rose 8.07%, China Gold International gained 11.43%, JL MAG Rare-Earth climbed 12.03%, and CSPC Pharmaceutical Group advanced 8.32%. GigaDevice Semiconductor fell 18.39%, and Semiconductor Manufacturing International Corp. declined 10.07%.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**