Lenovo Group Surges 15% Again, Year-to-Date Gain Exceeds 96%; Hong Kong Semiconductor Sector Strengthens with Hua Hong Semi Up Over 10% | Hong Kong Market Close

Deep News05-26 17:04

At the close of trading on the 26th, the Hong Kong Hang Seng Index fell by 0.03%, while the Hang Seng Tech Index rose by 1.59%.

By sector, semiconductors, non-ferrous metals, and hardware equipment stocks led the gains. Electrical equipment, home appliances, and real estate investment trust (REIT) stocks were among the decliners.

The semiconductor sector saw significant gains, with HUA HONG SEMI rising over 10% and SMIC advancing more than 5%. GigaDevice hit a new intraday high, with companies like Innoscience, Tianshu Zhixin, and NOVOSENSE also following the upward trend.

Within the non-ferrous metals sector, Aluminum Corporation of China (Chalco) surged over 9%, China Molybdenum gained more than 7%, and Zhaojin Mining rose over 6%.

LENOVO GROUP soared over 15%, reaching a new all-time high. Notably, in the previous trading session on the 22nd, the stock had surged over 19%. Since the beginning of the year, its share price has increased by 96.44%.

The pharmaceutical and biotechnology sector moved lower, with stocks such as Modern Chinese Medicine Group, Junshi Biosciences, Hua Medicine, and Ascletis Pharma declining.

Among notable individual stocks, Zhipu AI, XunCe, and MiniMax saw afternoon rallies. In the technology and internet sector, NetEase, Tongcheng Travel, and Alibaba Group posted gains, while Meituan, JD.com, Bilibili, and Xiaomi Group declined.

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