--- title: "Hong Kong Stock Midday Review | Hang Seng Index fell 1.87% at midday, 6 new stocks listed for trading" type: "News" locale: "en" url: "https://longbridge.com/en/news/290911976.md" description: "The Hong Kong Hang Seng Index fell 1.87% at midday, and the Hang Seng TECH Index dropped 3.32%. Six new stocks were listed, with KEYTOP PARKING soaring 195% and SG Micro rising 25%. Alibaba fell another 4.79%, with its stock price halved. Pork concept stocks surged, with MUYUAN rising 5%. Domestic insurance stocks continued to decline, with NCI and CHINA LIFE both falling. KINGBOARD HLDG's major shareholder reduced their holdings, while ZHIDA TECH rebounded after a significant drop" datetime: "2026-06-26T04:06:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290911976.md) - [en](https://longbridge.com/en/news/290911976.md) - [zh-HK](https://longbridge.com/zh-HK/news/290911976.md) --- # Hong Kong Stock Midday Review | Hang Seng Index fell 1.87% at midday, 6 new stocks listed for trading According to Zhitong Finance APP, the Hong Kong stock Hang Seng Index fell by 1.87%, down 432 points, closing at 22,644 points; the Hang Seng TECH Index dropped by 3.32%. The turnover of Hong Kong stocks in the morning session was HKD 183.4 billion. Six new stocks were listed for trading. Lingyi IOT (01688) debuted with a 2% increase in the morning session, ranking first in the global AI terminal device high-precision components market; SG Micro (03661) debuted with a 25% increase in the morning session, being a leading domestic analog integrated circuit (IC) company; MERDEKAGOLD-DRS (06228) debuted with a 5% drop in the morning session, with its core asset Pani gold mine being the largest primary gold mine in Indonesia; KEYTOP PARKING (02272) debuted with a surge of 195%, regarded as the world's first "AI parking service provider"; Zhongke Wenge (01956) debuted with an 87% increase in the morning session, focusing on complex data analysis and AI-assisted decision-making; Chipbond Technology (09630) debuted with a 76% increase in the morning session, being the world's largest supplier of PCB direct imaging equipment. ZHIDA TECH (02650) rebounded over 31% after being oversold, as the company signed a three-year strategic intention with Boretton to jointly create zero-carbon mining solutions. JinJing New Energy (01783) rose over 9% after earnings, with an estimated revenue of approximately HKD 2.462 billion for the fiscal year 2026, and adjusted EBITDA increased nearly 1.2 times year-on-year. Pork concept stocks surged rapidly. Reports indicate that pig farming companies have adjusted their new production capacity targets, with deadlines moved forward. MUYUAN (02714) rose by 5%. Youjia Innovation (02431) rose over 4% again, as the management team increased their holdings, further extending the boundaries of physical AI technology. KINGBOARD HLDG (00148) fell by 7.6%, as the major shareholder reduced holdings for three consecutive days, cashing out over HKD 8.9 billion. Domestic insurance stocks continued to decline. In June, insurance companies significantly accelerated bond issuance, aimed at repairing solvency indicators. NCI (01336) fell by 4.8%; China Life (02628) fell by 3%. Alibaba-W (09988) fell by another 4.79%, having halved from last October's peak, with external bearish factors and a lackluster 618 sales event dragging down the stock price. Expectations of bearish supply for lithium mines have intensified. Ganfeng Lithium (01772) fell over 7%, and Tianqi Lithium (09696) fell by 5.89%. COSCO SHIPPING Energy (01138) fell by another 8.9%, as a cargo ship was attacked in the Gulf of Oman, and evacuation operations in the Strait of Hormuz were suspended ### Related Stocks - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [02650.HK](https://longbridge.com/en/quote/02650.HK.md) - [01336.HK](https://longbridge.com/en/quote/01336.HK.md) - [00148.HK](https://longbridge.com/en/quote/00148.HK.md) - [002714.CN](https://longbridge.com/en/quote/002714.CN.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [02272.HK](https://longbridge.com/en/quote/02272.HK.md) - [601628.CN](https://longbridge.com/en/quote/601628.CN.md) - [601336.CN](https://longbridge.com/en/quote/601336.CN.md) - [300661.CN](https://longbridge.com/en/quote/300661.CN.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [02628.HK](https://longbridge.com/en/quote/02628.HK.md) - [YINN.US](https://longbridge.com/en/quote/YINN.US.md) - [02800.HK](https://longbridge.com/en/quote/02800.HK.md) - [07300.HK](https://longbridge.com/en/quote/07300.HK.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABU.US](https://longbridge.com/en/quote/BABU.US.md) - [BABW.US](https://longbridge.com/en/quote/BABW.US.md) - [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [03115.HK](https://longbridge.com/en/quote/03115.HK.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [07500.HK](https://longbridge.com/en/quote/07500.HK.md) - [07200.HK](https://longbridge.com/en/quote/07200.HK.md) - [03032.HK](https://longbridge.com/en/quote/03032.HK.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [03067.HK](https://longbridge.com/en/quote/03067.HK.md) - [07226.HK](https://longbridge.com/en/quote/07226.HK.md) - [07552.HK](https://longbridge.com/en/quote/07552.HK.md) - [07266.HK](https://longbridge.com/en/quote/07266.HK.md) ## Related News & Research - [Heavyweights in Transition: Hong Kong's Financial and Property Sectors](https://longbridge.com/en/news/290670748.md) - [Is China Life Insurance (SEHK:2628) A Bargain After Joining The SSE 180 Value Index?](https://longbridge.com/en/news/290870399.md) - [Shanghai Zhida Technology prices private placement of 19,125,650 H shares at HK$ 10.98 each](https://longbridge.com/en/news/290487798.md) - [Muyuan Foods launches HKD300m–500m H share buyback to boost investor confidence](https://longbridge.com/en/news/290833860.md) - [Muyuan Foods Secures Shareholder Backing for Governance Changes at 2026 EGM](https://longbridge.com/en/news/290584505.md)