Hong Kong stocks closed lower after a weak open. Hang Seng Index fell 0.64%;
Hang Seng Tech Index closed down 0.94% after intraday losses exceeding 2%.
Biopharma led gains—09688.HK +5%+, 06990.HK +3%+. Mainland broker names active:
01456.HK and 06806.HK both >3% higher. PV/solar stocks recovered in the
afternoon, 03800.HK +5%+. Outperforming sectors included cloud computing,
marquee internet names, telecom, mainland banks, household appliances and pork
producers. PCB segment plunged: 01989.HK -9%+, 02476.HK -5%+. Chip stocks
tumbled—02577.HK -13%+, 03986.HK -7%+. Among laggards were optical
communications, film & TV, commercial space, coal, gold, building
materials/cement and port & shipping names.
