Hong Kong stocks closed marginally lower: HSI fell 0.07% and the Hang Seng Tech Index fell 0.74%. Biopharmaceuticals led gains—02315.HK up >11%, 02616.HK up >8%. Mainland property names rebounded in the afternoon—00884.HK up >8%, 00688.HK up >4%. Lithium-battery names underperformed: Ganfeng Lithium (01772.HK) down >5%, CATL (03750.HK) down >4%. Chinese brokerages slid, China International Capital Co (03908.HK) down >7%. Other weak sectors included optical communications, copper mining, ports, P

Hong Kong stocks closed marginally lower: HSI fell 0.07% and the Hang Seng Tech Index fell 0.74%. Biopharmaceuticals led gains—02315.HK up >11%, 02616.HK up >8%. Mainland property names rebounded in the afternoon—00884.HK up >8%, 00688.HK up >4%. Lithium-battery names underperformed: Ganfeng Lithium (01772.HK) down >5%, CATL (03750.HK) down >4%. Chinese brokerages slid, China International Capital Co (03908.HK) down >7%. Other weak sectors included optical communications, copper mining, ports, PCB, film & TV, semiconductors and coal. Notable stock drops: Kingdee International (00268.HK) down >8%, Shenghong Technology (02476.HK) down >6%.