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On July 16, the three primary stock indices in Hong Kong's stock market opened on a positive note, collectively moving higher. The Hang Seng Index saw a 0.58% increase, reaching 24,825.02 points, while the Hang Seng Tech Index also rose, climbing 0.15% to 4,747.51 points. Leading the upward trend were the automobile, banking, and media sectors. Notably, Maoyan Entertainment experienced a surge of over 2%, while XPeng Motors and the Industrial and Commercial Bank of China each saw increases exceeding 1%. Conversely, the semiconductor, software services, and hardware equipment sectors showed weakness. Birenben's stock plummeted by over 6%, GigaDevice's shares dropped more than 5%, Legend Holdings witnessed a decline of over 3%, and Mingyuan Cloud's stock shed over 1%.
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