【Hong Kong Stock Market】In the early run-up to the second half of the year, the Hang Seng Index rose by less than 100 points on the closing bell at the end of the trading session; BYD and CSPC Pharmaceutical climbed 7%, while SMIC fell 11%. 7709 and 7747 slid nearly 20% (updates ongoing)

【HSI/Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/Hong Kong Stocks/Night Trading/ADR】Hong Kong stocks started the second half of the year, rising over 200 points in the morning session. The Hang Seng Index opened 190 points higher at 23,071 on the first trading day of July, and once surged up to 454 points to a high of 23,335. The Hang Seng Index rose 273 points to 23,154 at midday, with turnover of HK$213.39 billion. The Tech Index rose 0.6% to 4,499. ATM rose 2% to 4%, auto and pharmaceutical stocks performed well. BYD (01211) rose over 8%, CSPC Pharmaceutical (01093) rose 7%. Chip stocks fell, with SMIC (00981) dropping nearly 9% and Hua Hong Semiconductor (01347) falling nearly 10%. XL CSOP Hynix (07709) and XL CSOP Samsung (07747) fell 20% to 23% respectively.

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Intraday trends:

【15:48】Yangtze Optical Fibre and Cable (06869) plunged over 22% in late trading, hitting a low of HK$198.4.

【15:06】Hong Kong stocks narrowed gains to about 80 points in late trading, falling back below the 23,000 level to 22,959.

【14:38】【Tse Sui Luen's Granddaughter】The heiress is also buying across the ocean! Bethany shows off super beautiful gemstone jewelry, netizens praise and ask for brand, sold out quickly and requires pre-order

【13:46】【AI+HSI】Hang Seng Index Company partners with Cyberport community to develop AI to help design thematic indices, Li Wenlong: Enhance index operations

【13:38】Market gains further narrowed to nearly 150 points.

【13:28】SMIC (00981) fell 10% in afternoon trading, hitting a low of HK$80.1. XL CSOP Hynix (07709) fell over 22%, XL CSOP Samsung (07747) fell 25%.

【13:28】【Capital Markets】Hong Kong's ECM raised over HK$346.3 billion in first half, a 5-year high, IPO fundraising firmly ranks second globally

【13:17】【1211】BYD once rose nearly 10%. Self-developed 4nm chip "Xuanji A3" is expected to be搭载 in the new model "Denza" next year

【13:10】【Broker Report】Morgan Stanley lowers target prices for Hong Kong utility stocks, expects share prices to fluctuate in Q3, valuations are no longer cheap (table attached)

【13:01】Hong Kong stocks rose about 210 points in early afternoon trading to 23,091, with turnover of HK$217.6 billion. The Tech Index rose 0.2% to 4,480.

【12:21】【AI+1024】Kuaishou Kling AI reportedly to complete RMB 23.4 billion financing, Tencent involved, valuation reaches RMB 140 billion

【12:00】Hang Seng Index rose 273 points at midday to 23,154, with turnover of HK$213.39 billion. The Tech Index rose 0.6% to 4,499. ATM rose 2% to 4%, auto and pharmaceutical stocks performed well. BYD (01211) rose over 8%, CSPC Pharmaceutical (01093) rose 7%. Chip stocks fell, with SMIC (00981) dropping nearly 9% and Hua Hong Semiconductor (01347) falling nearly 10%. XL CSOP Hynix (07709) and XL CSOP Samsung (07747) fell 20% to 23% respectively.

【11:53】CSPC Pharmaceutical (01093) rose over 7%, WuXi Biologics (02269) rose over 3%. Sino Biopharmaceutical (01177) rose 5%.

【11:38】Hang Seng Index rose about 214 points at noon close to 23,095, with turnover of HK$202.4 billion. The Tech Index rose 0.5% to 4,493.

【11:24】【IPO】PwC raises its forecast for Hong Kong IPO fundraising this year to HK$380 billion

【11:16】Market gains further narrowed to about 160 points.

【11:03】Gold stocks rose. Zijin Mining (02899) rose over 5%, Zijin Gold International (02259) rose 10%, Zhaojin Mining (01818) rose over 7%, Lingbao Gold (03330) rose over 13%.

【10:50】【Under HKEX】LME reportedly considering easing rules, including allowing outdoor aluminum storage, to overcome Hong Kong space limitations

【10:24】Market rally moderated, HSI latest up about 250 points. Auto stocks outperformed, BYD (01211) rose over 8%.

【10:12】【AI+Pharmaceutical】InSilico Medicine and Takeda Pharmaceutical reach AI-empowered drug discovery cooperation, deal value up to 4.7 billion, stock price turned from up 10% to decline

【09:53】Zhipu AI (02513) fell nearly 10%, dropping to the HK$1,900 mark. MINIMAX (00100) fell over 6%, Xunce (03317) rose over 15%.

【09:47】SMIC (00981) fell 8%, XL CSOP Hynix (07709) fell 18%, XL CSOP Samsung (07747) fell 20%.

【09:45】Alibaba (09988) and Xiaomi (01810) rose 4%, Tencent (00700) rose 3%, Meituan (03690) rose over 7%.

【09:43】Hong Kong stocks expanded gains to over 400 points after opening, returning to the 23,300 level.

【09:29】Auto stocks performed well. BYD (01211) rose over 4%, Geely (00175) rose over 2%, Xiaomi (01810) rose over 3%, NIO, Xpeng, and Li Auto rose 0.4% to 4%.

【Electric Vehicles】A look at June new energy vehicle company performance: BYD sales over 400k, Leapmotor delivered over 90k vehicles (continuously updated)

【09:27】【IPO】Anker Innovation (00668) opened at HK$99.3 on first day, slightly below pricing by less than 0.1%, one lot lost HK$2

【09:22】Hang Seng Index opened 190 points higher at 23,071, with turnover of HK$7.26 billion. The Tech Index rose 1.3% to 4,528. Alibaba (09988) rose over 2%, Tencent (00700) rose 3%, SMIC (00981) fell nearly 6%. Korean stocks fell, XL CSOP Hynix (07709) and XL CSOP Samsung (07747) fell 15%.

【Asia Pacific Stocks】KOSPI index fell over 6%, Nikkei 225 fell over 2%, affected by Meta's plan to sell computing power and Apple's potential procurement of CXMT and YMTC chips

【09:13】HSI futures in pre-market rose about 220 points to 23,034.

【08:06】【9988】Alibaba and payment company to pay over 4.6 billion to settle US illegal drug sales investigation

【07:45】Hong Kong stock market closed for July 1 holiday. ADRs performed strongly. Baidu US-listed shares cumulative 5% higher than Hong Kong, JD US shares 4% higher, Alibaba US shares 3% higher. Auto stocks improved after data release. BYD ADR 6% higher than Hong Kong, Xpeng US shares 5% higher, Li Auto US shares 4% higher.

More Hong Kong ADR and Chinese concept stock quotes:

【07:30】Iranian negotiating team says US violated understanding commitments, will set up supervision group to review US violations; plus Fed Chairman Kevin Warsh spoke at European Central Bank meeting, saying he would chart a new course at the Fed but refused to provide guidance on interest rates. Market sentiment cautious, US stocks volatile. Dow rose 423 points then reversed, closed at 52,305, down 13 points. S&P fell 0.22%, Nasdaq fell 0.66%.

Check US stock closing:

For Hong Kong stock market conditions yesterday, please see: 【Hong Kong Night Trading + ADR + Northbound】Hong Kong ADRs strong, auto stocks robust, Alibaba US shares 3% higher than Hong Kong.