<p>On August 7th, the Hong Kong stock market opened lower, with the Hang Seng Index down 0.33%, the Hang Seng China Enterprises Index down 0.4%, and the Hang Seng Technology Index down 0.85%. After the opening, the three major indexes hit bottom and rebounded. As of the midday break, the Hang Seng Index was slightly down 0.02%, the Hang Seng China Enterprises Index was down about 0.08%, and the Hang Seng Technology Index was down about 0.26%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/fef0e719-d542-40fb-95c4-5e2189109a77.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/fef0e719-d542-40fb-95c4-5e2189109a77.png"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e398d4b7-43f7-4dec-8e1c-73b03beab4e3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e398d4b7-43f7-4dec-8e1c-73b03beab4e3.png"/></p>
<p>In terms of market performance, oil, power, coal, and telecommunications were among the top gainers, while biopharmaceuticals, steel, insurance, and real estate weakened.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6db7a867-a443-49d8-a3ef-324caaa7017b.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/6db7a867-a443-49d8-a3ef-324caaa7017b.png"/></p>
<p>Most technology stocks fell, with Ideal Car up 2.4%, JD.com, Alibaba, and Xiaomi up slightly, HUA HONG SEMI down more than 7%, Bilibili down more than 2%, and Tencent, Kuaishou, and Weibo down more than 1%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/095d9be4-feb9-4f9c-80d0-61f148cb73a8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/095d9be4-feb9-4f9c-80d0-61f148cb73a8.png"/></p>
<h2>Old energy leads the gains</h2>
<p>Yanzhou Coal Mining, CNOOC, and PetroChina were up more than 3%, Sinopec, CHINA LNG, CHINA SHENHUA, CHINA COAL, and others were up more than 1%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1653a2d8-13e1-4329-bf36-9e7d999cdd60.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/1653a2d8-13e1-4329-bf36-9e7d999cdd60.png"/></p>
<h2>Power hits bottom and rises</h2>
<p>HPI was up nearly 3%, HDPI and CHINA POWER were up more than 1%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b719c5b9-f44f-4a26-8dc7-2391feee8288.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b719c5b9-f44f-4a26-8dc7-2391feee8288.png"/></p>
<h2>Telecommunications active</h2>
<p>Hutchison Telecommunications led the gains, with China Mobile and China Unicom rising, and China Telecom slightly down.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/092d1ee2-69d7-49fd-82ea-80af84354660.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Image" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/092d1ee2-69d7-49fd-82ea-80af84354660.png"/></p>
<h2>Biopharmaceuticals lead the declines</h2>
<p>Luzhou Pharmaceutical, China Traditional Chinese Medicine, and Hehuang Pharmaceutical were down more than 11%, while Tasly Pharmaceutical, Kangfang Biotech, and Novartis Sinochem were among the top decliners.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f19144d9-b427-4385-89a8-d07ed6090645.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f19144d9-b427-4385-89a8-d07ed6090645.png"/></p>
<h2>Financial Giants Decline</h2>
<p>New China Life Insurance, Haitong International, and China Pacific Insurance dropped more than 4%, with China Taiping Insurance, Guotai Junan International, China Life Insurance, and CITIC Securities leading the decline.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b0f6bdef-b9b0-4f25-bbbb-81450814a3e8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b0f6bdef-b9b0-4f25-bbbb-81450814a3e8.png"/></p>
<h2>Real Estate Stocks Fall</h2>
<p>China New Town Development, E-House China Holdings, and Agile Group Holdings fell more than 10%, while Shimao Property Holdings dropped over 9%. Country Garden Holdings declined nearly 7%, and Longfor Group and Greentown China Holdings both fell more than 5%.</p>
<p><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/2ca79974-a828-4719-b9b7-1be3ef36f8e1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/2ca79974-a828-4719-b9b7-1be3ef36f8e1.png"/></p>

<p>Technology stocks mostly fell, with Li Auto up 2.4%, JD-SWR, Alibaba, and XIAOMI-W slightly up, HUA HONG SEMI down over 7%, BILIBILI-W down over 2%, TENCENT, KUAISHOU-WR, and Weibo down over 1%.</p>

Wallstreetcn

LI AUTO-W

WB-SW

Bilibili

KUAISHOU-W

BILIBILI-W

Tencent

JD-SWR

KUAISHOU-WR

Li Auto

JD.com

FL2 CSOP HSI

HUA HONG SEMI

XIAOMI-W

BABA-W

FI CSOP HSI

TENCENT

JD-SW

BABA-WR

Hang Seng Index narrowed its decline to 0.02%. Pharmaceutical stocks fell across the board, while property stocks declined and major financial stocks experienced a pullback.