Market Performance - The Hong Kong stock market indices opened lower and continued to decline, with the Hang Seng Technology Index experiencing a notable drop of 1.56% [1] - The Hang Seng Index fell over 200 points, breaking below the 25,000 mark [1] - Major technology stocks saw widespread declines, with Alibaba down 2.4%, JD.com down 1.44%, and other tech giants like Baidu, Xiaomi, Tencent, and Meituan all down by 1% [1] Sector Performance - Semiconductor stocks continued to decline, with leading company SMIC dropping over 8%, marking the worst performance in the sector [1] - Gaming stocks such as Wynn Macau and MGM China fell sharply after earnings reports, leading the decline in the gaming sector [1] - Other sectors including robotics, Apple-related stocks, paper industry stocks, and military industry stocks also experienced collective declines [1] - Biopharmaceutical stocks, which had been popular recently, remained sluggish throughout the day, with notable drops in innovative drug companies like Hutchison China MediTech down 16% and Zai Lab down over 10% [1] Contrasting Trends - In contrast, gold prices reached a historical high of $3,534.10 per ounce, leading to gains in gold mining stocks, with Zhaojin Mining and Lingbao Gold both rising over 3% [1] - Heavy machinery stocks saw an increase, with excavator sales in July up over 25% year-on-year, and Zhonglian Heavy Industry rising nearly 6% [1] - Sectors such as film, electricity, and telecommunications mostly showed an upward trend [1]
港股收评：三大指数齐跌 科技股弱势 创新药大跌 黄金股普遍上涨
Ge Long Hui·2025-08-08 08:39