Tech and social media stocks show upward momentum
As of 2:32 PM, Hong Kong’s stock market showcased diverse trends among its highest volume stocks, with notable gains in the tech and social media sectors. Kuaishou Technology (1024) led the way with a 2.80% increase, closing at 51.45 HKD. Semiconductor Manufacturing International Corporation (981) also showed solid growth, gaining 1.32% to finish at 26.80 HKD. Tencent Holdings Limited (700), a key player in the tech and entertainment sectors, saw a modest rise of 0.59%, ending the day at 406.6 HKD.
Meanwhile, Meituan (3690), a major food delivery and e-commerce platform, gained 0.83% to close at 170.4 HKD, reflecting steady investor confidence in the tech-driven sectors.
Mixed performances in other major sectors
Xiaomi Corporation (1810), however, experienced a decline, losing 2.43% to close at 28.10 HKD. AIA Group Limited (1299), representing the insurance sector, posted a slight increase of 0.44%, ending at 57.25 HKD. These mixed results reflect sectoral shifts and varying investor sentiment in the Hong Kong market.
Disclaimer: Stock information provided is for informational purposes only and does not constitute financial advice. Please consult a professional before making any investment decisions.