Hong Kong Stock Midday Review | Hang Seng Index Stabilizes Amid Fluctuations, Retail Sector Sees Surge in Limit-Up Stocks, CSPC PHARMA Shines in the Market
As of noon, the main indices of the Hong Kong stock market showed mixed performance, with the Hang Seng Index slightly up, the Hang Seng Tech Index weakening, and the State-owned Enterprises Index steady but lacking momentum. The retail sector became the biggest highlight during the session, with several stocks rising over 20%, as short-term funds concentrated on small and mid-cap retail stocks. The divergence was evident among heavyweight blue chips like Tencent and Alibaba, while CSPC PHARMA performed outstandingly during the session. On the macro level, retail sales year-on-year increased, but uncertainty still constrains the market's sustained bullish sentiment. The top ten stocks by trading volume were concentrated in the technology and financial sectors, showing significant divergence, with risk appetite remaining volatile
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