Hong Kong Stocks Midday Review: Hang Seng Index Slightly Down, Robotics Sector Gains

Stock News12:12

The Hang Seng Index edged down 0.02%, or 3 points, to 25,647 in morning trading, while the Hang Seng Tech Index fell 0.24%. Trading volume on the Hong Kong market reached HK$150.9 billion in the morning session.

Stocks in the robotics concept sector mostly advanced, driven by frequent positive catalysts for humanoid robots, with Barclays optimistic about a breakthrough in market scale. Estun Automation (02715) surged 14%, Johnson Electric (00179) rose 7%, and Dobot (02432) gained 4%.

Shares related to autonomous driving performed strongly. Zhejiang Shibao (01057) jumped over 12% following Tesla's official announcement that its supervised Full Self-Driving (FSD) system now supports China.

Chinese brokerage stocks rallied across the board. With Changxin's IPO already generating floating profits exceeding 10 billion yuan for some brokerages, the dividends from the STAR Market are unleashing their potential. China Merchants Securities (06099) climbed 3.96%, and GF Securities (01776) increased 3%.

Montage Technology (06809) rose 4%, as institutions are optimistic about its absolute technological positioning in the "computing power" chip track. Nexteer Automotive (01316) soared over 11% after securing $1.6 billion in new orders in the first quarter, with institutions forecasting more steer-by-wire orders within the year.

Hong Kong China Travel (00308) gained 4.9% on plans for a distribution-in-kind spin-off of its Hong Kong and Macau cultural tourism assets and a listing by introduction.

KelingKang Biotech (06990) advanced over 3% as its global Phase III study for the TROP2 ADC, developed in collaboration with Merck, met its primary endpoint. Akeso (09926) rose over 3% after its drug cadonilimab received clinical approval for the colorectal cancer indication.

Joinn Laboratories (06127) increased over 5% as crab-eating macaque supply remains tight, and the company maintains a high capacity utilization rate.

Tsugami Precision Engineering China (01651) climbed 6% after its Chinese subsidiary's annual profit grew nearly 40% year-on-year.

Sany Heavy Equipment International (00631) fell over 7% following its earnings report, with first-quarter net profit decreasing nearly 20% year-on-year.

Post-stock split, share prices frequently experienced sharp declines. Jingwei Tiandi (Old) (02940) and Jingwei Tiandi (New) (02477) both plummeted over 79%.

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