02269

Market Performance: The Hang Seng Index (HSI) fell by 240 points (0.9%) to 25,736, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 100 points (1.8%) and 109 points (1.2%), respectively.

Active Heavyweights: Notable stock movements included Alibaba (BABA) down 2.7% to $149.9, Ping An (PING AN) up 2.4% to $65.3, and Tencent (TENCENT) down 1.5% to $606.5, with significant short selling activity across these stocks.

Significant Declines: Among HSI and HSCEI constituents, Hansoh Pharma and Beigene saw substantial drops of 7.6% and 6.8%, respectively, while Li Ning was a standout performer, increasing by 4.9%.

Noteworthy Gainers: In the HSMI and HSSI sectors, Auntea Jenny surged by 13.1%, Youran Dairy rose by 9.3%, and Logan Group increased by 6%, all hitting new highs amidst varying short selling ratios.

Market Performance: The HSI fell 331 points (1.3%) to close at 25,434, marking a decline for two consecutive days, while the HSCEI and HSTECH also experienced losses of 1.6% and 1.9%, respectively.

Biotech Sector Resilience: Despite the overall market downturn, biotech and pharma stocks thrived, with WUXI BIO rising 1.9% and ASCLETIS-B soaring 18% after positive drug trial results.

Chip Stocks Reaction: Following US President Trump's announcement allowing Nvidia to sell H200 chips to China, chip stocks like SMIC and HUA HONG SEMI saw significant declines of 4.1% and 5.4%, respectively.

Real Estate Sector Struggles: AGILE GROUP's stock plummeted 18.4% due to a winding-up petition, impacting other Chinese developers like LONGFOR GROUP and CHINA RES LAND, which also faced notable declines.