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Hong Kong Stock Market Midday Review | All three major Indexes fell, with the Tech Index down 2.99%; Network Technology stocks corrected, with Xiaomi and Meituan dropping over 4%; Apple Supplier stocks weakened, with BYD Electronics falling nearly 6%.

Futu News ·  May 13 12:18

Futu News, May 13, reported that the three major indices of the Hong Kong stock market all fell, $Hang Seng Index (800000.HK)$ Fell by 1.67%. $Hang Seng TECH Index (800700.HK)$ down 2.99%, $Hang Seng China Enterprises Index (800100.HK)$ down 1.78%.

As of the midday close, 708 stocks in the Hong Kong stock market rose, 1,096 fell, and 1,325 remained unchanged.    

In the Sector aspect, Network Technology stocks retraced, XIAOMI-W fell by 4.25%, MEITUAN-W fell by 4.08%, KUAISHOU-W fell by 3.71%, Alibaba-W fell by 3.66%, NTES-S fell by 2.49%, TENCENT fell by 2.03%, SENSING fell by 1.92%, JD-SW fell by 1.64%.

Biotechnology stocks rose against the trend, KIZN Pharmaceutical rose over 13%, JAKS Technology rose over 10%, HENLIUS rose over 7%.

China Mainland Banking shares rose, with China CITIC Bank Corporation and Agricultural Bank Of China both increasing by over 2%, while DRCB rose nearly 6%.

Apple Supplier stocks weakened, COWELL fell by 7.31%, SUNNY OPTICAL fell by 6.76%, BYD Electronics fell by 5.67%, Q TECH fell by 4.36%, AAC TECH fell by 2.48%, TK GROUP HLDG fell by 1.83%, VSTECS fell by 0.91%.

Most semiconductor stocks fell, Semiconductor Manufacturing International Corporation fell by 4.27%, HUA HONG SEMI fell by 3.94%, INNODISK fell by 2.45%, BEKER fell by 1.65%, INGDAN rose by 1.44%, SMART-CORE fell by 1.16%, CE HUADA TECH rose by 0.71%, SHANGHAI FUDAN rose by 0.18%.

Most Lithium Battery stocks declined, BYD Electronics fell by 5.67%, BYD Company fell by 3.18%, Tianqi Lithium Corporation fell by 2.66%, LEOCH INT'L fell by 1.64%, INNOVO fell by 0.44%, TIANNENG POWER fell by 0.30%, GANFENGLITHIUM rose by 0.25%.

Autos stocks weakened, NIO-SW fell by 5.62%, XPENG-W fell by 4.57%, LI AUTO-W fell by 4.22%, LEAPMOTOR rose by 3.36%, BYD Company fell by 3.18%, Great Wall Motor fell by 2.40%, Geely Automobile fell by 2.32%, YADEA fell by 1.19%.

Many Sporting Goods stocks fell, ANTA SPORTS fell by 3.22%, CHINA DONGXIANG fell by 1.20%, XTEP INT'L fell by 0.89%, LI NING fell by 0.77%, 361 DEGREES fell by 0.69%, YUE YUEN IND rose by 0.66%, TOPSPORTS fell by 0.62%, HONMAGOLF fell by 0.59%.

In terms of individual stocks,$SMIC (00981.HK)$Falling over 4%, the company's first-quarter performance is temporarily affected by ASP, but Goldman Sachs still reaffirms its positive outlook.

$SF INTRA-CITY (09699.HK)$Rising nearly 15%, the order volume for tea drinks and department stores doubled during the May Day holiday, and Institutions are bullish on its commercialization potential in the immediate delivery industry.

$LEAPMOTOR (09863.HK)$Rising over 3%, the stock price once refreshed its listing high, with Institutions indicating that strong models cycles support high sales growth.

$HUA HONG SEMI (01347.HK)$Fell nearly 4%, the company's gross profit continues to be under pressure, and the ramp-up of production capacity at HUA HONG SEMI's Factory 9 brings an increase in depreciation costs.

Top 10 trading volumes for the half-day.

Editor/danial

The translation is provided by third-party software.


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