Hong Kong Stock Midday Review: Hang Seng Index closed down 0.11%, storage and AI newly listed stocks surged

According to Jinshi Data on July 31, the three major U.S. stock indices rebounded overnight, and the China Golden Dragon Index rose. After four consecutive days of gains, the Hong Kong stock market opened slightly lower this morning, with the Hang Seng Index opening down 21 points at 25,837 points. The market briefly dipped below the 250-day moving average, falling as much as 235 points to a low of 25,622 points, but then gradually stabilized and rebounded, even turning positive at one point during the session. By the close, the Hang Seng Index was down 0.11% in the morning session, while the Tech Index was up 0.7%, with a total turnover of HKD 178.57 billion in the Hang Seng market. On the sector front, storage concepts, AI newcomers, and PCB concept stocks saw violent rebounds, while several sectors including brain-computer interfaces, electronic components, and commercial aerospace also experienced significant rebounds. Alcoholic beverages, consumer electronics, and mainland trading stocks fluctuated and corrected, while automotive, paper, and dairy stocks weakened during the session. In terms of individual stocks, Z.AI (02513.HK) rose over 20.5%, MiniMax (00100.HK) rose nearly 13%, Lenovo Group (00992.HK) rose over 7.5%, Alibaba (09988.HK) and Lao Pu Gold (06181.HK) rose nearly 6%; Xiaomi Corporation (01810.HK) fell nearly 7%, and Budweiser APAC (01876.HK) fell over 5%