Hong Kong stock market closing report: trading suspended in the afternoon, Hang Seng Index up 0.13%, semiconductor stocks active, three major airline stocks weak
Due to Christmas Eve and Christmas, the Hong Kong stock market will be closed in the afternoon. With the holiday effect, the three major indices of the Hong Kong stock market performed flat in the morning, still showing narrow range fluctuations. The Hang Seng Index surged to 0.45% intraday and eventually closed up 0.13%, while the Chinese companies' index fell slightly by 0.03% and the Hang Seng technology index rose by 0.14%. On the market front, heavyweight technology stocks did not fluctuate much, with Alibaba, Meituan, Xiaomi, JD.com, and Baidu all falling by less than 1%; semiconductor chip stocks were active, with reports of price increases in production capacity, resulting in around a 10% increase, and SMIC rising by more than 5% at one point; Goldman Sachs predicts a 20% increase in uranium prices, leading to a collective rise in nuclear power stocks, with CGN Mining leading the gains; steel stocks, aluminum stocks, and defense stocks mostly showed an upward trend. On the other hand, it is reported that nearly 2200 flights between China and Japan will be cancelled in January next year, causing the three major airline stocks to decline together, with China Southern Airlines recording four consecutive declines. Media and entertainment stocks, coal stocks, Apple concept stocks, and biotechnology stocks collectively showed weakness. Note: Due to Christmas Eve and Christmas, the Hong Kong stock market will be closed in the afternoon today and also on Thursday and Friday, resulting in a total closure of 2.5 trading days.
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