Market Roundup

Hong Kong stocks continued their decline in the morning session, dragged down by technology and financial stocks. The Hang Seng Index opened more than 150 points lower, falling as much as 400 points to 26,054 before recovering slightly. It closed down 322 points, or 1.2%, at 26,136. The Hang Seng China Enterprises Index fell 103 points, or 1.1%, to 9,034; and the Hang Seng Tech Index fell 64 points, or 1.1%, to 5,673. Total turnover in the morning session exceeded HK$130.6 billion. New listings performed well, with Zhipu AI (2513) rising nearly 12%, Tianshu Zhixin rising 11%, and Jingfeng Medical (2675) rising 29%. Lenovo Group (992) plunged more than 5%. Chip stocks SMIC (981) and Hua Hong (1347) bucked the trend, rising more than 2%-3%.

Source: KGI Investment Products and Solutions Department

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