Hong Kong Stock Market Midday Review: Hang Seng Index and Hang Seng TECH Index rebound, Biotechnology Index rises over 7…
Complete. Here is the key summaryOn the 29th, the major indices of the Hong Kong stock market collectively rebounded, with the Hang Seng Index rising by 2.12%, the Hang Seng TECH Index increasing by 3.68%, and the Hang Seng Biotechnology Index soaring by 7.65%. Pharmaceutical stocks were strong, with ALEBUND-B rising 100% on its first day; the semiconductor sector was active, with GIGADEVICE reaching new highs. Tech stocks strengthened, with Bilibili and MEITUAN rising, while Lenovo Group fell over 9%
On the 29th, the main indices of the Hong Kong stock market collectively rebounded. By the close of the morning session, the Hang Seng Index rose by 2.12%, the Hang Seng TECH Index increased by 3.68%, and the Hang Seng Biotechnology Index surged by 7.65%.
In the market, pharmaceutical stocks were strong, with ALEBUND-B soaring 100% on its first day of listing, while innovative drugs, CRO, and smart healthcare sectors led the gains. The semiconductor sector remained active, with GIGADEVICE and Hua Hong Semiconductor reaching new highs. Sectors such as media, medical devices, software services, and home appliances also saw increases.
In terms of popular stocks, Zhizhu and MiniMax declined; XunCe surged over 26% during the session. Tech stocks continued to strengthen, with Bilibili, MEITUAN, Trip.com Group, Baidu Group, Alibaba, and NetEase all rising; Lenovo Group fell by over 9%