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On July 7th, the Hong Kong stock market concluded trading with the Hang Seng Index declining by 0.51%, settling at 23,496.89 points. Meanwhile, the Hang Seng Tech Index also experienced a downturn, slipping 0.75% to 4,507.04 points. The semiconductor, media, and non-ferrous metals sectors were at the forefront of the market's losses. Notably, GigaDevice and Kuaishou witnessed significant declines, each dropping more than 12%, while China Molybdenum fell over 4%. On the flip side, the software services, petroleum and petrochemicals, and banking sectors emerged as the top performers. Quant Group soared over 55%, Jiujiang Bank climbed over 6%, Zhipu advanced over 5%, and Shandong Molong rose more than 1%. Additionally, southbound funds net purchased HKD 497 million worth of stocks.
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