ME News report, June 5 (UTC+8): According to data from MSX.COM, the Hang Seng Index closed down 1.15%, while the Hang Seng Tech Index fell 1.75%. Memory stocks led the declines, with Southern 2x Long SK Hynix dropping over 19%, Southern 2x Long Samsung Electronics falling over 13%, Jinshan Technology sliding over 9%, and GigaDevice declining over 8%. The AI applications sector also weakened, with MINIMAX-W dropping over 16% and Zhipu falling over 9%. The semiconductor sector underperformed, with Hua Hong Semiconductor declining over 7% and SMIC falling over 7%. (Source: ODAILY)
Hong Kong Hang Seng Tech Index Falls 1.75% as Storage Stocks Lead the Decline
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Summary
On June 5 (UTC+8), the Hang Seng Index closed down 1.15%, while the Hang Seng Tech Index fell 1.75% amid a bearish on-chain data environment. Storage-related stocks led the decline, with Southern Two Times Long Hynix dropping over 19%, Southern Two Times Long Samsung Electronics falling over 13%, Jinshan Semiconductor declining over 9%, and GigaDevice dropping over 8%. The AI application sector also weakened, with MINIMAX-W down over 16% and Zhipu AI falling over 9%. Semiconductor stocks declined, with Hua Hong Semiconductor and SMIC both falling over 7%. The Fear & Greed Index remains in fear territory, reflecting continued market caution.
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