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Hong Kong stock market midday review: Hang Seng Index down 0.42%, Samsung concerns drag down memory semiconductor stocks sharply.

2026-07-07 06:15:04

Abstract generation in progress

Mars Finance News, July 7 - Hong Kong's three major stock indices surged in early trading but then continued to decline. As of midday, the Hang Seng Index and the Hang Seng China Enterprises Index both fell 0.42%, while the Hang Seng Tech Index dropped 0.28%. The heavyweight tech stocks that had been rebounding showed divergence, with Kuaishou plunging over 9%, JD.com falling over 1%, Meituan rising over 4%, and Tencent gaining nearly 3%. Despite Samsung's soaring profits, hidden concerns remain, leading to a sharp drop in memory semiconductor stocks. The Southern Two Times Long Hynix and Southern Two Times Long Samsung Electronics both plummeted over 19%, Montage Technology fell over 10%, and GigaDevice dropped over 8%. PCB concept stocks, gold stocks, and photovoltaic stocks all declined together; mobile game stocks and AI application concept stocks bucked the trend and saw active gains. (Reported by Guke Bao)

HK50-0.05%

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