Hong Kong equities opened firmer but weakened into the session. The Hang Seng
Index opened up 0.59% while the Hang Seng Tech Index opened >1% then trended
lower and briefly turned negative intraday. At midday the Hang Seng was up 0.2%
at 24,531.15 and the Hang Seng Tech was up 0.07% at 4,081.03; market turnover
was HK$97.41 billion. Coal, biopharma and commercial aerospace led sector gains;
lithium battery and building materials lagged. Auto names rallied early then
faded: Leapmotor (09863.HK) -5.38%, Lantu (07489.HK) -2.67%, SERES (09927.HK)
-2.65%. Major techs: NetEase-S (09999.HK) +2.2%, Baidu (09888.HK) +1.34%,
Meituan (03690.HK) -5.47%, KE Holdings (02423.HK) -1.17%.
