Hong Kong stocks opened lower, slipped further and partially recovered in the
afternoon; the Hang Seng Index closed down 1.03% and the Hang Seng Tech Index
fell 2.72%. Major mainland lenders rose: Agricultural Bank of China (01288.HK)
gained over 3%, Industrial and Commercial Bank of China (01398.HK) and China
Construction Bank (00939.HK) each rose more than 1%. Select new-consumption
names outperformed: Nayuki (02150.HK) up nearly 1%; internet healthcare, retail,
beer and sporting-goods names were active. Optical-communications names plunged:
Yangtze Optical Fiber and Cable (06869.HK) fell over 13%, Huiju Technology
(01729.HK) dropped more than 8%. Chip stocks weakened, with Tianshu Zhixin
(09903.HK) down over 13%. PCB, power-equipment, logistics, liquid-cooling and
commercial-aerospace sectors were among the top decliners. New listing Transsion
Holdings (02636.HK) fell over 5% on its first trading day.
