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The Hang Seng Index closed up 0.92%, and the Hang Seng Tech Index rose 1.03%

36Kr learned that the Hang Seng Index rose by 0.92%, and the Hang Seng Tech Index increased by 1.03%; the insurance, semiconductor, and specialty retail sectors led the gains, with China Life rising over 4%, Hua Hong Semiconductor and SMIC rising over 2%, and Meituan and ZHOU LIU FU rising over 1%; the automotive, construction, and software services sectors saw the largest declines, with Huilong Holdings dropping over 7%, New Focus falling over 2%, and Horizon Robotics decreasing over 1%; southbound funds had a net purchase of HKD 7.909 billion

36Kr·
HK
06168
-1.57%
SH
688347
-1.69%
HK
01347
-1.39%
36Kr·
HK
06168
-1.57%
SH
688347
-1.69%
HK
01347
-1.39%

The three major A-share indices of Shanghai and Shenzhen rose by 1.2% to 3.4% throughout the day, with gains in insurance, lithium battery, and computing power stocks

The three major A-share indices rose by 1.2% to 3.4% throughout the day, with strong performances from domestic insurance, lithium battery, and computing power stocks. The central parity rate of the RMB against the USD was adjusted upward, and the People's Bank of China conducted reverse repurchase operations. The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index all increased. Domestic bank stocks, domestic insurance stocks, gold-related stocks, computing power, and lithium battery stocks generally rose. Chip stocks surged in the afternoon, with SMIC and Hua Hong performing outstandingly. Mu Xi shares soared 692.95% on its first day of listing

AASTOCKS·
SH
688981
-0.43%
HK
00981
-0.08%
SH
688802
-5.16%
AASTOCKS·
SH
688981
-0.43%
HK
00981
-0.08%
SH
688802
-5.16%

Hua Hong Semiconductor Updates on Major Acquisition and Fundraising Plans

Hua Hong Semiconductor Ltd. is in negotiations for a major acquisition and plans a non-public issuance of RMB shares to raise funds. These transactions depend on shareholder approvals and regulatory waivers, potentially impacting the company's strategic and financial structure. The stock is rated Hold with a HK$70.00 target. Hua Hong operates in the semiconductor industry, with a market cap of HK$143.1B and a strong buy technical sentiment.

Tip Ranks·
HK
01347
-1.39%
SH
688347
-1.69%
Tip Ranks·
HK
01347
-1.39%
SH
688347
-1.69%

"Hong Kong Stocks" Hang Seng Index closed down 393 points, commodity stocks weak, chip stocks' decline narrowed

The Hang Seng Index closed down 393 points at 25,235 points, a decline of 1.5%. The National Index fell 159 points to 8,757 points, a drop of 1.8%. The Hang Seng Tech Index decreased by 95 points to 5,402 points, a decline of 1.7%. Technology stocks generally fell, with Alibaba down 3%, Tencent down 1.1%, and Meituan down 1.4%. In the semiconductor sector, SMIC fell 1.9% and Hua Hong fell 1.5%. In the telecommunications equipment sector, ZTE fell 4%, and Yangtze Optical Fibre and Cable fell 9.2%. Consumer stocks and pharmaceutical stocks also generally declined

AASTOCKS·
SH
688981
-0.43%
HK
00981
-0.08%
HK
03690
+0.10%
AASTOCKS·
SH
688981
-0.43%
HK
00981
-0.08%
HK
03690
+0.10%

The Hang Seng Index opened lower and continued to decline, falling 347 points for the day. AI-related stocks led the decline, while consumer concept stocks rose against the trend｜Hong Kong stock market opening

The Hang Seng Index opened lower on Monday and closed at 25,628 points, down 347 points or 1.34%, marking the largest single-day decline in over three weeks. Technology stocks led the decline, with AI-related stocks performing poorly. Technology stocks such as Alibaba, Tencent, Kuaishou, and Baidu all fell. Among chip stocks, SMIC, Hua Hong Semiconductor, and Innolux saw significant declines. Consumer concept stocks rose against the trend, with domestic insurance stocks performing well. The market anticipates that Japan's interest rate hike and poor data from China will impact the Asia-Pacific stock market

Stheadline·
HK
00700
0.00%
SH
688981
-0.43%
HK
00981
-0.08%
Stheadline·
HK
00700
0.00%
SH
688981
-0.43%
HK
00981
-0.08%
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