Hong Kong Stocks Midday: Major Indices Dip, Chip Stocks Buck the Trend
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Author:小编   

On November 12, the Hang Seng Index and the Hang Seng Tech Index edged down shortly after the open before hovering in negative territory. By the midday close, the Hang Seng Index was down 0.92% at 24,092.89 points, while the Tech Index had fallen 1.41% to 3,970.28 points, with turnover at HK$105.644 billion. Sector-wise, gold and precious metals, non-ferrous metals, short-video concept stocks, and physical AI led the declines, while PCB concept stocks, chip stocks, and biopharmaceuticals advanced against the broader market trend. Among individual stocks, internet technology names opened lower and extended losses, with Alibaba down nearly 5%, JD.com off 3.51%, Kuaishou down 3.07%, and Alibaba Health 2.5% lower. Chip stocks bucked the trend, with Iluvatar CoreX surging over 11%, Changguang Chencore up more than 9%, Biren Technology gaining over 6%, and Longsys up nearly 3%.