Hong Kong stock market closing | The Hang Seng Index ultimately rose by 0.12%, with the declines of the Hang Seng Tech Index and the China Enterprises Index narrowing, while the retail and technology sectors were generally under pressure
Today, Hong Kong stocks closed with mixed performance across the three major indices. The Hang Seng Index remained above 25,000 points for the third consecutive day, closing up 0.12%. The Technology and State-Owned Enterprises indices saw slight pullbacks, indicating an increase in market wait-and-see sentiment. The retail and hardware sectors overall declined, with leading stocks like Alibaba and Xiaomi leading the drop, as risk appetite among investors contracted. Trading activity was relatively high, with notable movements in individual stocks such as GaoKeQiao, highlighting significant short-term speculative trading. Signals of improvement in domestic demand emerged, with retail sales data providing support for bulls, but there was a clear structural divergence within the industry, prompting investors to continue monitoring macro expectations and sector rotation
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