
Hong Kong stock market performance showed significant divergence. The market opened slightly higher in the morning session, driven by external sentiment, with short-term sentiment briefly improving. However, there were substantial disagreements among on-market capital. After an initial surge, the market faced sustained pressure and retreated, with no effective rebound throughout the day, closing near the day's low. In terms of sectors, the previously strong tech track became the main drag. Internet leaders, semiconductors, and new energy vehicles collectively corrected. Stocks like Bilibili, Baidu, and Kuaishou saw significant declines, as funds in high-flying thematic plays concentrated on profit-taking. Only financial sectors like banking and insurance, along with some pharmaceutical and aviation stocks, resisted the downtrend. Among them, Sunny Optical surged over 8% against the trend, becoming one of the few bright spots. Meanwhile, domestic property, coal, and media sectors weakened in sync, further dragging down the broader market.$Hang Seng Index(00HSI.HK)
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