By the midday break the Hang Seng Index was down 0.37% after plunging more than
200 points earlier and breaching the 24,400 level. The index opened near 24,495,
ran to 24,560 before heavy selling pushed an intraday low of 24,272 (-221
points); losses narrowed to under 100 points before the break. The Hang Seng
Tech Index was up 0.17%. Market turnover was HKD 145.51 bln. PCB names and newly
listed AI stocks rose for a third session; storage, semiconductor and domestic
retail stocks staged a strong rebound. Building materials & cement, electronic
components and power equipment led gains. Rare earths, property management and
computer hardware pulled back; internet healthcare, autos and oil & gas fell for
a third straight day; aluminum and dairy were weak. Notable movers: Sunny
Optical (02382.HK) +~8.5%, MINIMAX-W (00100.HK) +6%+, Kuaishou (01024.HK) ~+6%,
Huahong Hongli (01347.HK) +5%; XPeng (09868.HK), Geely Auto (00175.HK) and China
Resources MixC Lifestyle (01209.HK) each down >3%, CNOOC (00883.HK) and Laopu
Gold (06181.HK) near -3%.
