Hong Kong stock market midday review: Hang Seng Index up 0.2%, tech stocks diverge, gold stocks and semiconductor stocks strong.
In the morning session, the three major indexes of Hong Kong stocks collectively rose, with the Hang Seng Technology Index showing relatively strong gains, closing up 0.89% at noon. The Hang Seng Index and the state-owned enterprise index rose by 0.2% and 0.27% respectively. The trend of large technology stocks was mixed, with Baidu and Alibaba rising, Xiaomi falling by more than 2%, and Tencent in the red. The prices of gold and silver reached new highs. Gold and silver stocks collectively rose, with the national sovereign wealth fund laying out in the IC carrier board field, and semiconductor chip stocks showing strength, leading chipmaker SMIC rising over 7%. In addition, biopharmaceutical stocks, home appliance stocks, and coal stocks showed weak trends. On the first day of trading, Impression Dahongpao saw a 25% drop at noon, breaking its issue price.
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