Ge Long Hui·2025-08-12 08:35Market Overview - The Hong Kong stock market showed mixed results with the Hang Seng Index closing at 24,969.68, up by 62.87 points or 0.25% [1][2] - The Hang Seng Technology Index experienced a slight decline of 0.38%, closing at 5,439.16 [1][2] - The National Enterprises Index rose by 0.32%, ending at 8,916.85 [1][2] Sector Performance - Large technology stocks exhibited varied performance, with Xiaomi increasing by 1.77% and NetEase by 1%, while Kuaishou fell over 9% [2] - Semiconductor stocks surged following rumors, with Hongguang Semiconductor rising by 11.5% and SMIC and Huahong Semiconductor both increasing by over 5% [2] - Insurance stocks performed well, with China Pacific Insurance rising over 6% due to a decrease in institutional interest rates and an increase in dividend insurance ratios [2] Declining Sectors - The rare earth and paper industries saw significant declines, while the biopharmaceutical sector experienced a high open but low close, with companies like Boan Biotechnology and LIZHU Pharmaceutical leading the losses [3] - Logistics, vocational education, and military industry stocks also faced downward pressure [3]