The Hang Seng Index closed up 75 points, ending a five-day decline
Complete. Here is the key summaryThe Hong Kong stock market ended its five-day decline, with the Hang Seng Index closing at 23,412 points, up 75 points. The Technology Index rose nearly 2%, with chip stocks such as HUA HONG GRACE and SMIC significantly increasing, and pharmaceutical stocks also performed well. Chinese financial stocks and resource stocks were under pressure. I-CABLE COMM surged over 25% due to its name change, while two new stocks, MICOT PHARMA-B and SEER TECH, had strong performances on their first day of listing
Hong Kong stocks ended a consecutive five-day decline, with the Hang Seng Index rising by as much as 230 points, reaching a high of 23,565 points, and closing at 23,412 points, up 75 points, an increase of over 0.3%, with a main board turnover exceeding HKD 322.9 billion.
The Technology Index once rose by over 3%, but the closing gain narrowed to less than 2%, reporting at 4,479 points. The ATMXJ stocks had mixed performances, with Tencent rising by over 3% and Meituan falling by nearly 3%.
Chip stocks surged, with Hua Hong Grace rising by over 15% and SMIC rising by nearly 9%, making them the largest gainers among the Technology Index and Hang Seng Index constituents.
Pharmaceutical stocks performed well, with WuXi Biologics and WuXi AppTec rising by over 4% and over 8%, respectively.
Chinese financial stocks declined, with Industrial and Commercial Bank of China and China Life Insurance falling by nearly 3% or more. Some resource and domestic demand stocks were also under pressure.
I-CABLE COMM, which will change its company name, surged by over 25%, reporting at HKD 0.069.
Two new stocks had a strong debut, with MICOT PHARMA-B closing at HKD 36.9, more than double its offering price. SEER TECH closed at HKD 106, more than four times its offering price.
Editor: Fang Jiali