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On December 11, as the Hong Kong stock market drew to a close, the Hang Seng Index exhibited a minor downturn of 0.04%. Meanwhile, the Hang Seng Tech Index witnessed a more pronounced fall, declining by 0.83%. The semiconductor sector underperformed, with Huahong Semiconductor witnessing a nearly 5% drop and SMIC seeing its shares decline by over 2%. The media and automotive industries also faced headwinds, as NetEase Cloud Music and XPeng Motors both experienced a decline exceeding 2%. On a brighter note, the durable consumer goods, banking, and real estate sectors displayed resilience. Rongtai Group surged by 8%, while Pop Mart and Standard Chartered Bank both saw their shares rise by more than 1%. Additionally, southbound capital made net purchases amounting to HK$791 million.
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