Zhong Guo Ji Jin Bao·2025-09-18 10:32Market Overview - The Hang Seng Index fell by 1.35% to 26,544.85 points, while the Hang Seng Technology Index decreased by 0.99% to 6,271.22 points, and the Hang Seng China Enterprises Index dropped by 1.46% to 9,456.52 points [2][3] - The total market turnover reached 413.31 billion HKD, marking the highest level since April 8 of this year [2] Individual Stock Performance - Alibaba's stock had a turnover of 33.704 billion HKD, closing down by 1.98% [4][6] - Tencent Holdings recorded a turnover of 19.433 billion HKD, down by 2.95%, with a recent buyback of 839,000 shares [4] - Semiconductor stocks, particularly Huahong Semiconductor, saw gains, with Huahong rising over 8% to reach a new high [3] Notable Stock Movements - Pop Mart experienced a significant increase, closing up by 4.62% at 267.2 HKD per share, with a turnover of 6.074 billion HKD [8] - SMIC (Semiconductor Manufacturing International Corporation) rose by 2.66%, with a turnover of 17.235 billion HKD [4][11] Industry Insights - Morgan Stanley's report indicated a cautious sentiment towards Pop Mart, but they maintain a positive outlook, suggesting that increased supply could enhance customer experience and demand [10] - The global top ten foundry companies are projected to have a combined revenue of 41.718 billion HKD in Q2 2025, reflecting a quarter-on-quarter growth of 14.6% [11][13] - SMIC's gross margin improved by 8 percentage points year-on-year, with revenue growth of 23.14% expected in the first half of 2025 [13]