The Hong Kong stock market experienced a turbulent session, with major stocks reflecting a mixed response. Tencent Holdings Limited (700) recorded a steep decline of 7.28%, trading at HKD 379.6, amidst broader market uncertainty. Similarly, Xiaomi Corporation (1810) dropped by 5.92%, closing at HKD 34.15. These declines highlight investor concerns in the tech sector.
On the brighter side, Semiconductor Manufacturing International Corporation (981) exhibited resilience, gaining 5.06% to close at HKD 31.15. The positive movement was fueled by optimism around the semiconductor industry’s global recovery.
Other notable stocks, such as Meituan (3690) and Hong Kong Exchanges & Clearing Limited (388), showed marginal losses of 1.33% and 0.49%, respectively. Miniso Group Holding Limited (9896) also faced a decline of 5.19%, reflecting cautious investor sentiment.
Volatility surged as Simplicity Holding Limited (8585) soared by an astonishing 3,300%, while Wellcell Holdings Company Limited (2477) gained 87.46%. Conversely, China Shuifa Singyes New Materials (8073) plunged 43.18%, marking the highest percentage loss among the day’s volatile stocks.
Disclaimer
This report is for informational purposes only. Stock market investments involve risks, and past performance is not indicative of future results. Always consult a financial advisor before investing.