Market Performance - The Hong Kong stock market indices collectively declined in the afternoon, halting a three-day rally, with the Hang Seng Index falling by 0.33% to 26,346 points, the Hang Seng China Enterprises Index down by 0.97% to 9,375 points, and the Hang Seng Tech Index decreasing by 1.26%, barely holding above 6,000 points [1][3]. Sector Performance - Major technology stocks, which serve as market indicators, turned negative in the afternoon, contributing to the market's decline. Notable declines included NetEase down by 2.35%, Xiaomi, Meituan, and Tencent each dropping nearly 2%, while Alibaba, Baidu, and JD.com also experienced losses [3]. - The spot gold price fell below $3,930, leading to a decline in gold stocks, with significant drops observed in companies like Chifeng Jilong Gold Mining and Zijin Mining. Other sectors such as copper and aluminum also saw declines [3]. - Popular sectors including semiconductor stocks, Chinese brokerage firms, heavy infrastructure, and Apple-related stocks experienced significant downward pressure in the afternoon, alongside collective weakness in paper, mobile gaming, home appliance, film, and wind power stocks [3]. Specific Stock Movements - Macau's gaming revenue is expected to show potential upward trends in October, leading to an overall increase in gaming stocks. Additionally, the recent stabilization of raw milk prices is anticipated to accelerate industry de-stocking in the second half of the year, resulting in active performance from dairy stocks [3]. - Two new stocks were listed on the Hong Kong market, with Dipo Technology surging over 121% and Bama Tea achieving an 86.7% increase [3].
港股收评:午后跳水!恒指跌0.33%,科技、半导体普跌,八马茶业上市首日大涨86.7%,滴普科技涨超121%,小米腾讯跌2%