After a slight decline in the morning trading, the three major indices of Hong Kong stocks quickly pulled up and surged higher. As of midday trading, the Hang Seng Technology Index had surged to 1% and closed up 0.69% in the afternoon. The Hang Seng Index and China Index rose 0.16% and 0.3% respectively.
On the market, large technology stocks had mixed ups and downs. Xiaomi rose 3.25%, Tencent rose 3%, Meituan rose 4.65%, Alibaba fell more than 3%, Baidu and Jingdong fell; BOC Securities pointed out that the size of the semiconductor materials market continued to grow, localization continued to advance, semiconductor stocks continued to expand towards midday trading, and leading SMIC surged 10.5%; WeChat store's new features were closed; Weimeng, Youzan, and Yi Xin generally strengthened; consumer concept stocks such as catering stocks, sporting goods stocks, and beer stocks all strengthened; online education concepts Mobile game stocks, Apple concept stocks, and Chinese brokerage stocks mostly rose .
On the other hand, coal stocks declined significantly. China Coal Energy fell 5%, China's Shenhua and Yancoal Australia all fell, and pork concept stocks, aviation stocks, heavy machinery stocks, and shipping stocks were sluggish.