Odaily Planet Daily report: According to MSX.COM data, the Hong Kong Hang Seng Index closed down 1.15%, and 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%, Monolithic Power Systems declining over 9%, and GigaDevice falling over 8%. The AI applications sector also declined, with MINIMAX-W dropping over 16% and Zhipu AI falling over 9%. The semiconductor sector weakened, with Hua Hong Semiconductor dropping over 7% and SMIC falling over 7%.
Hong Kong Hang Seng Tech Index Falls 1.75%, Storage Stocks Lead the Decline
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Summary
The Fear and Greed Index in the Hong Kong market declined as the Hang Seng Index closed down 1.15%, with the Hang Seng Tech Index dropping 1.75%. Storage stocks led the decline, with Southern Two Times Long Hynix falling over 19%, Southern Two Times Long Samsung Electronics down over 13%, Jinshan Semiconductor down over 9%, and GD Innovation down over 8%. The AI application sector also weakened, with MINIMAX-W dropping over 16% and Zhipu falling over 9%. Semiconductor stocks followed suit, with Hua Hong Semiconductor and SMIC both declining over 7%. The crypto market remains under pressure amid broader declines in the technology sector.
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