Hong Kong Stock Market Midday Review: Hang Seng Index Closed Down 1.48%, Chinese Brokerage Stocks Plummeted

According to Jinshi Data on January 2, the economic data released this morning fell short of expectations, causing Hong Kong stocks to decline sharply at the start of the new year, with the Hang Seng Index dropping over 500 points at one point. The Hang Seng Index opened down 127 points at 19,932 points, and the decline quickly widened, reaching a low of 19,542 points, down 516 points, before fluctuating back up. By the close, the Hang Seng Index was down 1.48% in the morning session, and the Tech Index was down 1.35%, with a half-day trading volume of HKD 87.43 billion for the Hang Seng Index. On the market, apparel accessories, diversified retailers, and film stocks performed strongly, while precious metals stocks showed bright performance; chip, semiconductor, and road transportation stocks declined, and Chinese brokerage stocks fell sharply. In terms of individual stocks, Dongfang Zhenxuan (01797.HK) rose nearly 4.5%, Midea Group (00300.HK) rose nearly 2.5%, and Zijin Mining (02899.HK) and Longfor Group (00960.HK) both rose over 1.5%; SMIC (00981.HK) fell nearly 7%, and Xinyi Solar (00968.HK), Sunny Optical Technology (02382.HK), Hua Hong Semiconductor (01347.HK), and Kingsoft (03888.HK) all fell over 4%