Hong Kong stocks midday review: The Hang Seng Index fell by 0.97%, with technology and financial stocks performing poorly, while non-ferrous metal stocks were active against the trend.
In the morning session of the Hong Kong stock market, the three major indexes opened low and continued to decline, with all falling by more than 1.1% during the session. The Hang Seng Index closed down 0.97% at midday, falling below 26,000 points again. The state-owned enterprise index and the Hang Seng technology index also dropped by 1.26% and 1.3% respectively. Large-cap technology stocks, which serve as a market barometer, collectively weakened and dragged down the overall market. Banking stocks, insurance stocks, and Chinese securities firms all saw a collective decline in their weightings. Additionally, the market is awaiting policy guidance from the Federal Reserve, while non-ferrous metal stocks are once again active. Gold stocks and aluminum stocks saw significant increases, with China Aluminum rising by more than 5%. Some electronics stocks, defense stocks, and coal stocks also saw gains.
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