The decline in pork-related stocks ranks among the top. The depth of this round of pork price declines has exceeded the expectations of most institutions, and the industry has entered a phase of substantial losses.
According to Zhitong Finance APP, the Hang Seng Index fell by 1.32%, down 347 points to 26,046 points; the Hang Seng Tech Index dropped by 1.66%, with turnover in the Hong Kong stock market reaching HKD 126.1 billion in the morning session.
Optical communication stocks in the Hong Kong stock market performed strongly. The CPO optical module sector in the A-share market showed robust momentum, with ‘Yi Zhongtian’ reporting better-than-expected Q1 earnings. Cambridge Technology (06166) surged by 33%.
Tianyu Semiconductor (02658) rose more than 7%. Demand for AI chips is expected to remain strong, and the company’s new production base in Dongguan Eco-Park has been put into operation.
Yuegang Bay Holdings (01396) surged over 8%. AI computing power business has become a new growth driver, and the company’s true value remains to be unlocked.
Chizheng Technology (09911) rose more than 6% again, with its flagship products SUGO and TopTop continuing to deepen their global expansion.
Wuyi Vision (06651) rose over 7% again, accumulating a gain of more than 60% this week. The founder increased holdings by 7.65 million shares through the ESOP.
Kingboard Laminates (01888) rose more than 6%, hitting a new high. Major copper-clad laminate manufacturers have issued price increase notices, and margin improvement is expected to be gradually reflected.
Guanghe Technology (01989) rose over 4%. Strong demand for AI drove both price and volume increases in PCBs, with high-end PCBs for AI servers serving as the company’s growth engine.
China Broadcast Data (00471) surged over 35% after signing a memorandum of understanding with SolsticeX to collaborate in aerospace and satellite fields.
Pacific Shipping (02343) surged over 6%, with average daily revenue from core dry bulk vessels under time charter equivalent contracts increasing by more than 10% in the first quarter.
The first stock of ‘Hangzhou’s Six Little Dragons,’ Qunhe Technology (00068), debuted, surging 135% at midday. The company is a global leader in spatial intelligence services.
Jushuitan (06687) fell 7.79%. The company will face share lock-up expiration next Tuesday and reported a net loss of 1.655 billion yuan last year after turning from profit to loss.
Pork-related stocks led declines. The depth of this round of pork price declines has exceeded the expectations of most institutions, pushing the industry into a phase of deep losses. Muyuan Shares (02714) dropped 4.6%; COFCO Joycome (01610) fell 3.5%.
Gold stocks came under pressure and declined. The Middle East conflict increased inflationary pressures, and Federal Reserve Governor Milan delivered a hawkish-leaning statement. Zijin Gold International (02259) fell 4.4%; Lingbao Gold (03330) dropped 3.6%.
