港股午评：三大指数齐涨 黄金股、生物医药股强势 半导体股集体回落

Market Overview - The Hong Kong stock market saw all three major indices rise collectively, with gains exceeding 1.1% during the morning session. Following a net sell-off of southbound funds yesterday, there was a return to net buying [1] - As of the midday close, the Hang Seng Index increased by 0.63%, surpassing the 25,000-point mark, while the Hang Seng China Enterprises Index and the Hang Seng Tech Index rose by 0.68% and 0.56%, respectively [1] Sector Performance - Large technology stocks generally experienced upward trends, with Baidu rising over 3%, JD.com increasing by 2.6%, and Alibaba, Tencent, Meituan, and NetEase also showing gains. However, Xiaomi saw a decline of nearly 1% [1] - Several gold mining companies reported strong interim results, leading to significant increases in gold stocks. Lingbao Gold surged by 15.6%, reaching a historical high, with Zhaojin Mining, China National Gold, and Lingbao Gold all achieving record prices [1] - Recently declining biopharmaceutical stocks regained momentum, with Innovent Biologics, WuXi Biologics, and China National Pharmaceutical leading the innovative drug sector [1] - The State Council emphasized the steady advancement of urban village and dilapidated housing renovations, resulting in gains for domestic property and property management stocks. Heavy machinery, building materials, cement, and steel sectors also showed active performance [1] Underperforming Sectors - Conversely, semiconductor stocks, which had seen significant gains yesterday, collectively declined, with leading company SMIC falling over 2%. Other underperforming sectors included rare earth stocks, port and shipping stocks, military industry stocks, Apple-related stocks, Chinese brokerage stocks, and airline stocks [1]