Hong Kong Stock Market Intraday | Hang Seng and Technology Index Decline During Trading, Over 10% Sector Rises Against the Trend, Significant Capital Divergence
The three major indices of the Hong Kong stock market collectively fell during the trading session, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index all retreating from their recent highs, reflecting a shift in overall market sentiment towards caution. Mainstream sectors such as retail, internet, and hardware collectively weakened, with a rapid decrease in risk appetite among investors. Leading stocks like Alibaba and Xiaomi Group saw significant declines, dragging down the overall market. Although Hong Kong's retail sales data continues to improve and the macroeconomic environment shows signs of recovery, this has not yet translated into explicit benefits for the capital market. Meanwhile, stocks such as Base Champion Group and HYGIEIA GROUP surged against the trend, stimulating activity in small-cap stocks, resulting in a significant divergence in the market
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