Hong Kong Stock Midday Review: The Hang Seng Index opened lower with a gap and once fell more than 300 points, while the semiconductor sector strengthened against the trend

According to Jinshi Data on January 22, after the Hang Seng Index rose for six consecutive days to reach a one-month high, it opened lower today with a gap down, at one point dropping over 300 points, hitting a low of 19,757.10 points, and then slightly rebounding. The Hang Seng Tech Index fell nearly 2.5% during the session. As of the midday close, the Hang Seng Index fell 1.34% to 19,836.39 points, and the Tech Index fell 1.97% to 4,601.09 points, with a total market turnover of HKD 78.341 billion. On the market, the semiconductor sector performed strongly against the trend, while tech stocks, automotive stocks, and domestic property stocks showed weakness. In terms of individual stocks, New Oriental (09901.HK) plummeted after earnings, closing down 25.05%, while Dongfang Zhenxuan (01797.HK) closed down 2.97% after earnings; SMIC (00981.HK) closed up 2.38%, Nio (09866.HK) closed down 4.72%, JD.com (09618.HK) closed down 4.42%, and Country Garden (02007.HK) fell 13.16% on the second day of resumption of trading