According to Zhitong Finance APP, the Hong Kong Hang Seng Index fell by 1.34%, closing at 19,836 points; the Hang Seng Tech Index dropped by 1.97%.
China Tobacco Hong Kong (06055) rose over 6% again, with the R&amp;D progress of domestic HNB products accelerating, and the company's market share is expected to increase rapidly.
Hon Teng Precision (06088) rose over 10% again, with a clear trend of collaboration with NVIDIA, and the shipment volume of the company's high-speed connector products may significantly increase.
Lao Pu Gold (06181) rose over 5% to reach a new high, with a total market value exceeding HKD 60 billion, and the jewelry peak season is expected to boost terminal sales.
Lingbao Gold (03330) rose over 13% again, with an expected year-on-year growth of up to 1.4 times in net profit for the entire year, and institutions are optimistic about the widening pre-tax profit per ounce.
InnoCare Pharma (02577) rose over 5% to reach a new high, with the company owning the world's largest gallium nitride power semiconductor production base.
ZTE Corporation (00763) rose over 4% again, having increased over 50% in the past two months, with its self-developed chip business providing momentum for the company's valuation uplift.
Jing Tai Holdings-P (02228) rose over 8% against the market trend, with the company recently raising over HKD 1.1 billion from a placement, exceeding the total amount raised in its IPO.
Yuehai Property (00124) fell over 25% again, having dropped over 60% since early December, with Yuehai Investment completing the physical distribution of Yuehai Property shares.
Chanyou Technology (02660) fell over 11% after issuing a profit warning, expecting a year-on-year decrease of about 35% to 45% in net profit attributable to shareholders for the fiscal year 2024.
Aviation stocks fell back in the morning session, with Air China (00753) recently issuing a profit warning, facing performance pressure due to the Q4 off-season and currency depreciation. Air China (00753) fell 3.92%; China Southern Airlines (01055) fell 4.03%.
New Oriental-S (09901) fell over 25% in the morning session, with the performance of Dongfang Zhenxuan dragging down New Oriental's stock price, as New Oriental plummeted 23% overnight in the US stock market

09901

The Hong Kong stock market's Hang Seng Index fell 1.34% in the morning session, reporting at 19,836 points, while the Hang Seng Tech Index dropped 1.97%. New Oriental's stock price fell over 25% in the morning due to the impact of Dongfang Zhenxuan's performance, following a 23% plunge in overnight U.S. stocks. Stocks such as China Tobacco Hong Kong, Hon Teng Precision, and Lao Pu Gold performed strongly, rising over 6%, 10%, and 5% respectively. Yuehai Property fell over 25%, and Chanyou Technology dropped more than 11% after issuing a profit warning. Airline stocks retreated, with China Southern Airlines and Air China falling 3.92% and 4.03% respectively

- The Hang Seng Index fell by 1.34% to 19,836 points, while the Hang Seng Tech Index dropped by 1.97%.  
- Notable gainers included China Tobacco Hong Kong, which rose over 6%, and Hongteng Precision, which increased by more than 10%, driven by product demand.  
- Conversely, China Southern Airlines and Air China saw declines of 4.03% and 3.92%, respectively, due to profit warnings and adverse market conditions.

Zhitong

New Oriental EDU & Tech

NEW ORIENTAL-S

Direxion FTSE China Bull 3X

Hang Seng TECH Index

FIT HON TENG

CHINA SOUTH AIR

LAOPU GOLD

XI2CSOPHSTECH

CTIHK

HSTECH ETF

GUANGDONG INV

XL2CSOPHSTECH

VanEck Semiconductor ETF

ZENGAME

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

iShares Semiconductor ETF

GraniteShares 2x Long NVDA Daily ETF

AIR CHINA

GD LAND

YieldMax NVDA Option Income Strategy ETF

CSOP HS TECH

Semiconductor

NVIDIA

LINGBAO GOLD

CHOW SANG SANG

Direxion FTSE China Bear 3X

OIMT

Direxion Semicon Bear 3X

EAST BUY

Direxion Semicon Bull 3X

Hong Kong Stock Midday Review | Hang Seng Index fell 1.34% in the morning session, New Oriental's sharp decline dragged down the blue-chip index