On July 8, during the midday trading break, the Hang Seng Index witnessed a notable upswing, climbing by 2.38%. Simultaneously, the Hang Seng Tech Index soared even higher, registering a significant increase of 4.34%. Leading the charge in terms of gains were the semiconductor, retail, and software service sectors. Zhipu, a notable player in the market, surged by an impressive margin of over 17%. Meanwhile, tech giants Alibaba and Hua Hong Semiconductor also saw substantial growth, with their shares rising more than 8% each.

However, not all sectors fared as well. The machinery, electrical equipment, and pharmaceutical biology sectors encountered the steepest declines. Estun, a key figure in the machinery sector, saw its shares plummet by over 13%. Similarly, Jiangxi Biology, operating within the pharmaceutical biology realm, experienced a drop of more than 10%. Zhaowei Electromechanical, another notable name, witnessed a decrease of over 4% in its share value.

Amidst these market fluctuations, southbound funds demonstrated a bullish stance, with net purchases amounting to a substantial HKD 10.123 billion.