Hong Kong stocks commenced trading on a positive note but closed in the red today, with the Hang Seng Index, the H-share Index, and the Hang Seng TECH Index all declining in the latter part of the session, despite all hitting fresh intraday highs since April. Technology stocks generally retreated, while major financial stocks and China-affiliated equities underperformed. Sectors associated with anti-inflationary trends, including building materials, cement, and steel, displayed weakness, alongside declines in catering, mainland property, new consumption, and military stocks. Conversely, education stocks rallied collectively amid policy support, cryptocurrency-related stocks staged a rebound in the afternoon, biopharma stocks continued their upward trajectory, and most semiconductor chip stocks advanced. Notably, Vayyar Imaging surged as much as ninefold in the morning session upon resumption of trading.