Hang Seng opened higher, briefly topped 26,000 before reversing and closed down 0.63% at 25,773.56, trading back beneath its 250-day moving average. The Hang Seng Tech Index underperformed, down 1.27% at 4,857.12. Market turnover was HKD 115.84 bln. Innovative drug names led gains, memory-chip plays showed recovery, oil stocks were among top advancers, gold opened strong then faded and autos lagged. Notable moves: Zai Lab (09688.HK) +5.34%, WuXi AppTec (02359.HK) +2.02%, CNOOC (00883.HK) +3.76%,

Hang Seng opened higher, briefly topped 26,000 before reversing and closed down 0.63% at 25,773.56, trading back beneath its 250-day moving average. The Hang Seng Tech Index underperformed, down 1.27% at 4,857.12. Market turnover was HKD 115.84 bln. Innovative drug names led gains, memory-chip plays showed recovery, oil stocks were among top advancers, gold opened strong then faded and autos lagged. Notable moves: Zai Lab (09688.HK) +5.34%, WuXi AppTec (02359.HK) +2.02%, CNOOC (00883.HK) +3.76%, Lanqi Technology (06809.HK) +4.97%, Zijin Mining (02899.HK) -3.51%, NIO-SW (09866.HK) -3.11%.