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"Hong Kong Stocks" Hang Seng Index down 109 points in half a day, software and internet stocks under pressure, Kingdee down over 14%

The Hong Kong stock market softened in the morning session due to pressure on software and technology stocks, with the Hang Seng Index down 109 points or 0.4%, reporting at 26,724 points. The National Index fell 48 points or 0.5%, and the Hang Seng Tech Index dropped 119 points or 2.2%. The market is concerned about the threat of AI models from Alphabet and Anthropic to the software industry, leading to declines in related stocks such as Kingdee, which fell 14.5%, and Tencent and Bilibili, which dropped 3.4% and 4.9%, respectively. The total turnover of the market for the half-day was HKD 151.41 billion

Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend

As of noon, all three major indices of the Hong Kong stock market are down, with the Hang Seng Index falling by 0.41%, the Hang Seng Tech Index declining by 2.2%, and the National Enterprises Index weakening. Sectors such as internet content and information, retailers, and hardware storage are under collective pressure, with leading funds active but generally declining. Tencent Holdings fell by 3.36%, Xiaomi Group -W dropped by 2.60%, Alibaba -W decreased by 0.93%, and Meitu Inc. plummeted by 12.10%. Overall market sentiment is cautious, with technology and consumption under pressure, leading to a divergence in fund preferences. JunDa Co., Ltd. had high trading volume and rose by 8.27%, becoming a highlight of the market

The Half-Day Report: The Hang Seng Index closed at 26,724 points, down 109 points; the Hang Seng Tech Index closed at 5,347 points, down 119 points. Tencent fell over 3%, while Xinyi Glass, Techtronic Industries, Wharf REIC, Yankuang Energy, and China Eastern Airlines reached new highs

The Hang Seng Index closed at 26,724 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,347 points, down 119 points or 2.2%. Tencent fell over 3%, while major stocks such as Xiaomi, MEITUAN, and Alibaba also declined. Individual stocks like XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR reached new highs

Travel platform stocks under pressure, Trip.com down over 5%, Meituan hits nearly two-year low

Travel platform stocks are under pressure, with Trip.com falling 5.49% to HKD 458.2, and Meituan hitting a nearly two-year low, currently at HKD 91.2, down 2.15%. The Hong Kong stock market opened lower, with the Hang Seng Index down 158 points to 26,676 points, with a turnover of HKD 119.278 billion

The Hang Seng Index opened down 0.14%, and the Hang Seng Technology Index fell 0.87%. MEITUAN, KUAISHOU, Tencent Holdings Limited, HUA HONG SEMI, and BYD COMPANY all dropped over 1%