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On July 27th, during the midday trading break in the Hong Kong stock market, a notable uptick was observed, with the Hang Seng Index registering a 0.81% increase, while the Hang Seng Tech Index soared by a significant 1.69%. The technology sector exhibited robust performance, spearheaded by Xiaomi Corporation, which surged over 7%. Meituan followed suit with a gain exceeding 4%, and both Tencent Holdings and Kuaishou experienced increases of over 2%. Conversely, the semiconductor industry faced a downturn, with Montage Technology witnessing a decline of more than 4% and GigaDevice Semiconductor dropping over 2%. The oil and coal sectors also showed signs of weakness, exemplified by Shandong Molong Petroleum Machinery's sharp fall of over 12%. Meanwhile, southbound funds demonstrated bullish sentiment, with net purchases reaching HK$831 million.
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