Hong Kong stocks closed lower after a weak session that widened in the afternoon
with a failed rebound. Hang Seng fell 1.26% to 24,008.55; Hang Seng Tech dropped
2.36% to 3,931.93. Turnover was HKD202.65 bln (prev HKD173.71 bln). Most sectors
closed in the red; gold and precious metals, short-video concept and physical AI
led declines, while printing & packaging, biopharma and dairy outperformed.
Large-cap moves: Alibaba (09988.HK) -6.76%, Kuaishou (01024.HK) -5.30%, JD.com
(09618.HK) -3.06%. Precious-metals/mining names were weak: Zijin Gold
International (02259.HK) -10.35%, China Nonferrous Mining (01258.HK) -4.48%,
China Molybdenum (03993.HK) -4.27%, Zijin Mining (02899.HK) -3.46%.
