Hong Kong Stock Midday Review | Hang Seng Index fell 0.65% in the morning session, wind power stocks rose against the trend
The Hong Kong Hang Seng Index fell 0.65% in the morning session, reporting 26,312 points, while the Hang Seng Tech Index dropped 1.04%. Morgan Stanley upgraded the rating of China's wind power industry, believing that the sector may welcome a recovery, with wind power stocks rising against the trend. Domestic property stocks collectively surged, with LONGFOR GROUP rising 2.3% and CHINA VANKE rising 2.42%. XPeng rose more than 6%, announcing its entry into the European market. Xiaomi Group fell over 5%, while CHINA EB LTD retraced more than 13%. Weigao Medical saw a decline across the board
According to Zhitong Finance APP, the Hong Kong Hang Seng Index fell by 0.65%, down 171 points, closing at 26,312 points; the Hang Seng Tech Index dropped by 1.04%. The turnover of Hong Kong stocks in the morning session was HKD 165.5 billion.
Morgan Stanley upgraded the rating of China's wind power industry, believing that after efforts to combat involution, the sector may welcome a recovery. Wind power stocks rose against the trend, with Goldwind Technology (02208) up 4.6% and Datang Renewable (01798) rising over 1.5%.
Domestic property stocks collectively surged, as the North and South previously optimized real estate policies, and several new first-tier cities are planning new policies to stimulate improved housing demand. Longfor Group (00960) rose by 2.3%; China Vanke (02202) increased by 2.42%; Country Garden (02007) climbed by 3.5%.
Huahong Semiconductor (01347) rose 4.8% to a new high, recently announcing a restructuring with Hualiwei, with Goldman Sachs stating that the company has negotiated price increases with clients.
NetDragon (00777) once rose over 13%, as several of the company's games are set to launch overseas in the second half of the year, with core IP optimization expected to drive growth.
Boreton (01333) surged over 20%, signing a strategic cooperation agreement with a mining construction group to promote the intelligent development of mine transportation.
LaiKai Pharmaceutical-B (02105) rose over 9%, as the company completed a placement raising approximately HKD 577 million, intended to advance the development of the ActRII product portfolio.
XPeng Motors-W (09868) rose over 6% again, as XPeng announced its entry into the markets of five European countries, with the first batch of new cars rolling off the production line at its Austrian factory.
Ark Health (06086) rose over 7%, as the AI model from XingShi Medical made headlines in Nature, with the company's AI chronic disease management model gaining international attention.
Xiaomi Group-W (01810) fell over 5%, as the Xiaomi 17 series smartphones were officially launched, starting at a price of 4,499 yuan.
China Everbright Holdings (00165) retraced over 13%, after a cumulative increase of over 37% in the previous two trading days.
The entire Weikang system declined, as Weikang Medical (00853) faced a discounted reduction in holdings by shareholder Daizuka, cashing out over HKD 1.1 billion in total. Weikang Medical (00853) fell 6.8%; Weikang Robotics-B (02252) dropped 6%; Weikang Brain Science (02172) decreased by 4.6%; Xintong Medical-B (02160) fell 1.5%
