Ge Long Hui·2025-08-13 04:31Market Overview - The Hong Kong stock market showed a strong performance in the morning session, with the Hang Seng Index rising by 1.88% to 25,439.91 points, and the Hang Seng Tech Index leading with a gain of 2.35% to 5,566.72 points [1] - The market sentiment has improved significantly, as evidenced by the Hang Seng Index climbing 470 points above the 25,000 mark [1] Sector Performance - Major sectors such as large technology stocks, financials (insurance, banks, brokerages), and state-owned enterprises saw collective gains, contributing to the overall market rally [3] - Notable stock performances included Alibaba rising by 4.37%, and Meituan, Tencent, and Baidu each increasing by over 3% [3] - The biopharmaceutical sector also experienced significant gains, with companies like CanSino Biologics, Zai Lab, and Innovent Biologics leading the innovation drug concept [3] Individual Stock Highlights - Among brokerage stocks, Guolian Minsheng surged nearly 8%, leading the rise in Chinese brokerage shares [3] - Other financial stocks such as AIA Group, China Ping An, Industrial and Commercial Bank of China, and Agricultural Bank of China also recorded notable increases [3] Declining Stocks - Conversely, sectors such as gaming and paper manufacturing faced declines, with Galaxy Entertainment dropping as much as 4% during trading [3] - Other companies in the paper industry, including Chenming Paper and Nine Dragons Paper, also saw declines [3] - Additionally, nearly 30 stocks in the market experienced declines of over 10% [3]