At the midday break, the Hang Seng Index dropped by 1.21%, with the Hang Seng Tech Index sliding 1.66%.
The decline was led by the semiconductor, pharmaceutical, and durable consumer goods sectors. Notably, Innosilicon and Hengrui Medicine saw declines exceeding 7%, while Pop Mart fell over 2%. On the other hand, utility and photovoltaic solar concept stocks saw gains, with China Resources Gas and GCL-Poly Energy Holdings rising more than 2%.
Moreover, southbound funds recorded a net outflow of HK$2.008 billion.