两上市公司前高管，被拘捕！

Market Overview - The Hong Kong stock market experienced a decline on July 25, with the Hang Seng Index falling by 1.09% to 25,388.35 points, the Hang Seng Tech Index down 1.13% to 5,677.9 points, and the Hang Seng China Enterprises Index decreasing by 1.16% to 9,150.49 points [2] - The total market turnover was HKD 281.77 billion, while southbound funds saw a significant net inflow exceeding HKD 20 billion [2] Company Performance - Kuaishou-W saw a decline of 4.86%, New Oriental-S dropped by 3.36%, and Meituan fell by 3.20%, leading the blue-chip stocks down [4] - Other notable declines included Bilibili down 4.25% and Alibaba down 1.91% [4] - The performance of various sectors showed most of the Hang Seng industry indices declining, with the consumer discretionary sector down 1.87% and the financial sector down 1.09% [5] Semiconductor Industry - The semiconductor sector experienced a sharp rise in the afternoon, with Hua Hong Semiconductor surging by 9.09% to HKD 42.60 per share [10] - Other semiconductor stocks also saw significant increases, including Jingmen Semiconductor up 6.67%, QPL International up 6.45%, and SMIC up 4.98% [12] - CICC reported that the semiconductor industry is expected to see growth driven by generative AI technology, with structural opportunities emerging in the market [14]