Hong Kong stocks opened higher, with the Hang Seng Index up 0.19%, and the artificial intelligence sector performing strongly.
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Hong Kong Stocks Midday Review: Hang Seng Index down 0.42%, Samsung concerns drag down memory semiconductors.
Mars Finance reported on July 7th that Hong Kong's three major stock indices rose in the morning but then continued to decline. By midday, the Hang Seng Index and the H-share Index were both down 0.42%, while the Hang Seng Tech Index fell 0.28%. The performance of heavyweight tech stocks, which had been rebounding , long. Kuaishou plummeted over 9%, JD.com fell over 1%, Meituan rose over 4%, and Tencent rose nearly 3%. Samsung's surged profits could not mask underlying concerns, leading to a sharp decline in memory semiconductor stocks. Southern Securities' double- long positions in Hynix and Samsung Electronics both plummeted over 19%, Montage Technology fell over 10%, and GigaDevice fell over 8%. PCB concept stocks, gold stocks, and photovoltaic stocks all fell; mobile game stocks and AI application concept stocks bucked the trend and were active. (TechStock Treasure Broadcast)
The Hong Kong Hang Seng Tech Index closed up nearly 5%, with Alibaba surging 12%.
According to Mars Finance, the Hong Kong Hang Seng Index closed up 2.99%, and the Hang Seng Tech Index rose 4.97%. Heavyweight tech stocks led the gains, with Alibaba surging over 12%, Xiaomi Group rising over 9%, Baidu Group rising over 6%, and JD.com and Tencent Holdings both rising over 3%. AI big data model giants Zhipu and MiniMax also surged, with Zhipu rising over 13% and MiniMax rising nearly 12%. The semiconductor sector also rose, with Shanghai Fudan University up over 6%, and Huahong Grace and SMIC both rising over 3%. The lithium sector declined, with Tianqi Lithium falling over 8% and Ganfeng Lithium falling over 7%. (Cailian Press)
Hong Kong Stocks Midday Review: Hang Seng Index Up 2.38%, Hang Seng Tech Index Up 4.34%
Mars Finance reports that at midday closing, the Hang Seng Index rose 2.38%, and the Hang Seng Tech Index rose 4.34%. The semiconductor sector surged, with Tianshu Zhixin up 11%, Huahong Grace up over 8%, and SMIC and Shanghai Fudan both up over 7%. (Cailian Press)
The Hong Kong Hang Seng Index closed up 702.57 points, or 2.99%.
According to Mars Finance, Gate data shows that the Hong Kong Hang Seng Index closed up 702.57 points, or 2.99%, at 24,199.46 on Wednesday, July 8th; the Hang Seng Tech Index closed up 223.98 points, or 4.97%, at 4,731.02; the H-share Index rose 313.96 points, or 4.04%, to 8,084.22; and the Red Chip Index gained 69.8 points, or 1.83%, to 3,874.93.
The Hang Seng Index rose more than 3%, with chip and tech stocks performing strongly.
According to ChainCatcher, Gate market data shows that the Hang Seng Index rose by more than 3%, with chip and technology stocks leading the gains and showing strong performance.
A-shares opened lower: All three major indices opened lower, with the Shanghai Composite Index down 0.54%, led by semiconductor and chip stocks.
Mars Finance News, July 7th: At the opening of the A-share market, the Shanghai Composite Index fell 0.54% to 4019.49 points, the Shenzhen Component Index fell 0.46%, and the ChiNext Index fell 0.44%. Semiconductor and chip stocks led the decline, with memory and advanced packaging sectors also experiencing significant drops. Building materials and precious metals sectors were weak; the construction machinery sector performed strongly. (Science and Technology Treasure Broadcast)