Market Wrap: Hong Kong HSI Drops 0.48%, HSI Tech Index Retreats 0.63%, Innovative Pharma Stocks Shine
1 week ago / Read about 0 minute
Author:小编   

Hong Kong's stock market experienced a turbulent session today, with the Hang Seng Index (HSI) dipping 0.48%. The Hang Seng Tech Index and the H-share Index followed suit, each falling 0.63%. Technology stocks exhibited a mixed bag of performances; while Kuaishou's share price soared by over 8%, shares of Xiaomi Group, Meituan, and Alibaba retreated. Gold stocks emerged as standouts, with Fuxing Asia skyrocketing over 30% and Tongguan Gold advancing more than 5%. Morgan Stanley forecasts that gold prices could hit $3,800 per ounce. Additionally, innovative pharmaceutical stocks gained traction, with Shijiazhuang Pharmaceutical Group's share price leaping over 12%. Research institutions hold a positive outlook on the healthcare industry's recovery trajectory in the second half of 2025. Separately, it has been a year since Kuaishou's Keling AI was introduced, marking an annualized revenue run rate exceeding $100 million and securing a partnership with Lovart to bolster content creation efficiency.