Group 1 - The Hang Seng Index fell by 0.81%, down 190 points, closing at 23,262 points, while the Hang Seng Tech Index decreased by 0.57% [1] - The Hong Kong stock market saw a trading volume of HKD 107.6 billion in the morning session [1] Group 2 - The resurgence of COVID-19 infections led to a 1.64% increase in the Hang Seng Biotechnology Index [2] - Shandong Xinhua Pharmaceutical rose by 8.95%, while three other pharmaceutical companies, including Sanofi and China Biopharmaceutical, saw gains of 7% and 3.85% respectively [2] - Major airlines experienced a collective rise, with China Southern Airlines up by 2.59% and Air China increasing by 1.4% due to positive operational data for April [2] Group 3 - New World Development's subsidiary, Melco Resorts, reported a 14% year-on-year increase in adjusted EBITDA for the first quarter, exceeding market expectations, leading to a more than 13% rise in its stock [2] - Nexperia saw its stock rise by over 6% due to increased penetration of its SBW systems driven by autonomous driving [2] - Financial One Account rose by 13% after its controlling shareholder, Ping An Insurance, proposed a privatization offer at HKD 2.068 per share [2] Group 4 - Hang Seng Bank's stock fell nearly 4% amid ongoing layoffs and an increase in the non-performing loan ratio to 6.12% last year [2] - SouthGobi Resources experienced a nearly 17% drop due to operational losses in the first quarter and a decline in average selling prices affected by the downturn in the coal market [2] Group 5 - Alibaba's stock dropped over 5% following its fourth fiscal quarter earnings report, which showed revenue below market expectations, although Alibaba Cloud's revenue grew by 18% year-on-year [3]
港股午评|恒生指数早盘跌0.81% 恒生生物科技指数走高