Hong Kong Stock Market Midday Review: The Hang Seng Index closed down 1.25%, with technology and non-ferrous metal stocks both experiencing fluctuations and corrections

On June 16th, Jinshi Data reported that the United States and Iran confirmed they have signed a ceasefire memorandum. Overnight, U.S. stocks performed well, and the China Golden Dragon Index saw a slight increase. After two days of rebound, investors in the Hong Kong stock market turned cautious, with the Hang Seng Index opening lower and declining throughout the day. The index opened down 16 points at 24,826 points in the morning session, with technology stocks, metal stocks, and resource stocks all weakening. The market's decline quickly expanded to over 300 points, reaching a low of 24,492 points, down 350 points at its worst. By the midday close, the Hang Seng Index was down 1.25%, and the Tech Index was down 1.61%, with a total market turnover of HKD 133.73 billion. On the market, rare earth concepts, computer equipment, and AI new stocks continued their strong performance from yesterday, while commercial aerospace, photovoltaic solar, and road transportation stocks led the gains. Coal and Chinese brokerage stocks experienced a volatile rebound; non-ferrous metals, online education, and alcoholic beverage stocks saw fluctuations and declines, while tea drinks, internet healthcare, and sports goods stocks continued their downward trend from yesterday. In terms of individual stocks, ANDRE JUICE (02218.HK) surged 35%, WeRide-W (00800.HK) and XianDao Intelligent (00470.HK) rose over 10%, and ZhiPu (02513.HK) increased over 9%. However, Minmetals Resources (01208.HK) fell over 10%, China Hongqiao (01378.HK) and Laopu Gold (06181.HK) dropped over 6%, China Resources Mixc Lifestyle (01209.HK) declined nearly 6%, KUAISHOU-W (01024.HK) was down 4.2%, and Bilibili (09626.HK), Meituan (03690.HK), SenseTime (00020.HK), and Baidu (09888.HK) all fell over 3%