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Chinese tech stocks showed a mixed response as ZTE Corp surged 6.73% to CNY 42.67, while Zhongji Innolight fell 14.23%. Investors closely watched market trends amid ongoing fluctuations.
The stock market witnessed mixed movements today as TRS Information Technology led the gainers with a 15.72% surge, while Zhongji Innolight and Cambricon Technologies suffered notable losses.
The Hang Seng Index declined by 0.12% to 19,127.44 HKD, with the Hang Seng Tech Index falling 0.05%. Chinese enterprise stocks slid further by 0.28%, continuing market losses.
The Hang Seng Tech Index rose by 0.49% to 4,379.38 HKD, outperforming the Hang Seng Index, which fell 0.15%. Chinese enterprise stocks also slipped marginally amid market caution.
China's highest volume stocks displayed mixed performances, with East Money Information rising 1.17% to 25.93 CNY while China GreatWall Technology plunged 9.75%, closing at 17.68 CNY.
The Hang Seng Index and other major indices in Hong Kong reported slight losses, with the Hang Seng Tech Index down 1.34%, highlighting continued volatility.
Hong Kong's major indices faced declines, with the Hang Seng Index down by 0.98% and the Hang Seng TECH Index by 1.04%, amid investor caution in tech and enterprise sectors.
OFILM Group Co. Ltd. stock rose 9.98% in a day of mixed results across China’s highest volume stocks, reflecting varied investor sentiment. Contemporary Amperex also posted strong gains.
Hong Kong's major indices recorded losses today, with the Hang Seng Index falling 2.38% and the Hang Seng TECH Index dropping 2.66%, reflecting a challenging session for the market.
Since late 2020, the Chinese government has implemented a sweeping regulatory crackdown, aiming to curb the tech giants' immense power and influence.