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Hang Seng Index Closes Down 1%, Hang Seng TECH Index Drops 0.91%
2025-01-13
On its Hong Kong listing debut, new stock Xinjiao RV plummeted 22.83%, resulting in a total market value of HK$941 million. In contrast, Yibin Bank managed to hold its issue price on its first day of trading, registering a modest gain of 0.77%. Haier Smart Home saw a decline of over 4%, Qutech fell by more than 5%, and Li Auto lost more than 3%. The automobile, hardware equipment, and home appliance sectors led the market downwards, while the semiconductor and food & beverage sectors outperformed. Southbound funds netted HK$6.572 billion in purchases.
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