Catering stocks led gains as the industry’s operating conditions continued to improve. Institutions noted that leading enterprises were the first to demonstrate investment value.
According to Zhitong Finance, the Hang Seng Index fell by 1.27%, down 340 points to 26,506 points, while the Hang Seng Tech Index dropped by 1.16%. The morning trading volume of Hong Kong stocks reached HKD 168.3 billion.
Tencent’s share price fell by 2.87%, with its market value dropping below HKD 5 trillion.
Coal stocks generally retreated. Yanzhou Coal Mining (03668) and Shougang Resources (00639) both fell more than 6%.
Chip stocks were affected by AMD’s overnight plunge. Huahong Semiconductor (01347) fell over 5%, while GigaDevice (03986) also dropped more than 5%.
Gold stocks declined again amid heightened volatility in international gold markets. Institutions stated that the fundamental logic for precious metals remained unchanged. China Gold International (02099) fell by 6.8%, and Zijin Mining (02899) dropped by 6%.
Catering stocks led gains as the industry’s operating conditions continued to improve. Institutions noted that leading enterprises were the first to demonstrate investment value. Yum China (09987) surged by 8.7%, while Haidilao (06862) rose by 2.5%.
Brain Dynamics-B (06681) soared over 16% after signing agreements with two top psychiatric hospitals and being approved to co-build a key Beijing laboratory.
MINISO (09896) rose over 5% against the trend following its first collaboration with CCTV’s Spring Festival Gala, marking a critical leap forward in its ‘interest-driven consumption’ strategy.
Giant Biogene (02367) surged over 4% intraday after receiving approval for the world’s first injectable recombinant collagen and sodium hyaluronate composite solution.
ZTO Express-W (02057) rose by 2.35%. The company projects a 13.3% year-on-year increase in package volume by 2025 and plans to issue US$1.5 billion in bonds at a premium of approximately 37.5%.
Jianda Shares (02865) dropped over 10%. Industry associations noted that space-based photovoltaic technology is still in the early stages of exploration.
Lemo Technology (02539) plummeted by 35%, with its share price hitting a new low since listing. The total market capitalization fell to HK$1 billion.
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