Hong Kong shares opened lower and slid into midday; the Hang Seng Index was down
0.39% and the Hang Seng Tech Index down 1.54% at noon. Ports and transport
stocks rebounded, with COSCO Shipping Energy (01138.HK) up over 2%. Gold names
strengthened, Tongguan Gold (00340.HK) rose over 3%. Nuclear power, mainland
property, education, oil, logistics and coal saw early activity. Semiconductor
names weakened: 01347.HK fell over 5%, 06809.HK fell over 4%, GigaDevice
(03986.HK) fell over 3%. Biotech retreated, WuXi Biologics (02269.HK) dropped
over 4%. Lithium battery, optical communications, PCB, power equipment and
AI-application sectors also weakened.
