Hong Kong Stock Market Noon Report: Hang Seng Index falls by 1.69%, breaking below 26000 points, technology stocks all down, and Changfei Optoelectronics surging against the market trend by 17%.

Yesterday, the three major Hong Kong stock indexes, which surged significantly, opened low and continued to fall, failing to sustain the strong trend. By noon, the Hang Seng Index fell 1.69% again below 26000 points, the State-owned Enterprises Index fell 2.1%, and the Hang Seng Tech Index fell 2.35%. Weighted technology stocks, which drove the market higher yesterday, collectively declined, with Meituan falling by 6%, Tencent and JD.com by nearly 4%, Xiaomi and Alibaba by 3%; mobile game stocks, shipping stocks, automotive stocks, oil stocks, airline stocks, domestic bank stocks, and defense stocks all lowered. In addition, optical communication concept stocks and storage semiconductor stocks remained strong, with Fiberhome Optical Cable surging nearly 17%, Lanxun Technology, and Montage Technology both rising significantly.