I. Market Overview
The Hong Kong market produced a mixed finish on 13 July. The Hang Seng Index (HSI) rose 0.16% to 24,213.72, edging higher after a cautious morning and mildly firmer afternoon. Mainland-heavy HSCEI added 0.33% to 8,065.97, while the broader HSCCI advanced 0.83% to 3,883.04. In contrast, the growth-oriented Hang Seng Tech Index retreated 0.96% to 4,676.43, as several prominent platform, semiconductor and AI names came under pressure. Turnover reached a solid HK$309.51 billion, indicating active participation despite the divergent index moves.
Investor sentiment was coloured by company-specific news. A 17.13% plunge in MINIMAX-WP (00100) after an announced multi-billion-dollar fundraising plan, and a 33% collapse in the leveraged CSOP SK Hynix 2× ETF (07709) following sharp weakness in South Korean chip names, weighed on technology gauges. Meanwhile, oil-linked counters found support from firmer crude prices amid renewed Middle East tensions, helping the broader market hold modest gains.
II. Sector Performance
Large-cap Tech Stocks
Sector leaders delivered a mixed showing. Tencent –0.56% to HK$457.60, Alibaba (BABA-W) +0.45% to HK$110.70, and JD-SW +2.72% to HK$113.20 were focal points. Hardware and semiconductor names lagged: Hua Hong Grace –7.12%, SMIC –1.63%, and Lenovo Group –4.82%. Video-platform Bilibili-W –2.16%, while short-video firm Kuaishou-W +1.30% bucked the sector softness.
Top Performing Sectors
Oil & Gas Drilling (+2.93%)
Soft Drinks (+2.65%)
Real Estate Services (+2.56%)
Bottom Performing Sectors
Electronic Components (–11.51%)
Electronic Equipment & Instruments (–6.48%)
Silver (–5.69%)
III. Top 10 Gainers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
TH MEDICAL-B | 02697 | 478.80 | 31.61% |
LEADS BIOLABS-B | 09887 | 59.50 | 19.19% |
BASICSEMI | 09971 | 38.80 | 10.29% |
ABLE DIGITAL | 02687 | 156.00 | 7.29% |
PATEO | 02889 | 122.10 | 6.36% |
LIULIUMEI | 06658 | 172.60 | 5.76% |
JD INDUSTRIALS | 07618 | 13.46 | 5.65% |
OSHIDORI | 00622 | 2.12 | 5.47% |
INSILICO | 03696 | 44.94 | 4.95% |
YIHAI INTL | 01579 | 14.77 | 4.83% |
Filter: Market cap>HKD10B
IV. Top 10 Losers in Hong Kong Market Today
Stock Name | Ticker | Price (HKD) | Daily Change |
CSOP SK Hynix Daily (2x) Leveraged Product | 07709 | 59.90 | -33.00% |
CSOP Samsung Electronics Daily (2x) Leveraged Product | 07747 | 89.14 | -20.09% |
KINGBOARD HLDG | 00148 | 59.40 | -19.18% |
KB LAMINATES | 01888 | 51.05 | -18.71% |
MINIMAX-WP | 00100 | 222.60 | -17.13% |
CONCH VENTURE | 00586 | 8.35 | -16.42% |
SENIOR MATERIAL | 06067 | 7.83 | -15.81% |
GOFINTECH QUANT | 00290 | 2.00 | -15.61% |
ROKAE ROBOTICS | 03752 | 47.80 | -15.40% |
GIGADEVICE | 03986 | 629.00 | -15.29% |
Filter: Market cap>HKD10B
V. Closing Summary
1. Hong Kong’s main board ended 13 July with a slight upward tilt in headline indices despite pressure from technology counters. The HSI’s 0.16% rise and HSCEI’s 0.33% gain reflected selective buying in energy, beverages and services industries, while the HSTECH’s 0.96% fall underscored caution toward growth names. Turnover of HK$309.51 billion points to healthy liquidity but also highlights active rotation as investors digested corporate developments and geopolitical headlines.
2. Large-cap internet and semiconductor shares diverged. Modest upticks in Alibaba (+0.45%) and JD-SW (+2.72%) cushioned the benchmark, whereas Tencent (–0.56%) and chip makers such as Hua Hong Grace (–7.12%) and SMIC (–1.63%) dragged the tech gauge lower. The day’s sharpest tech move was the –17.13% slide in MINIMAX-WP, flagged in media reports for potential earnings dilution from a HK$16 billion fundraising plan.
3. Beyond individual tech names, leveraged products tied to South Korean chip giants dominated the downside. The CSOP SK Hynix 2× ETF (07709) cratered 33.00%, and the CSOP Samsung Electronics 2× ETF (07747) fell 20.09%, echoing Reuters coverage of sharp sell-offs in Seoul-listed chipmakers after SK Hynix’s U.S. debut. Conversely, healthcare innovators shone: TH Medical-B (+31.61%) and Leads Biolabs-B (+19.19%) topped the gainers after upbeat sentiment toward biotech funding and pipeline progress.
4. Sector rotation was evident. Energy-linked groups led, with Oil & Gas Drilling (+2.93%) buoyed by a more than 3% intraday jump in crude prices following U.S.–Iran tensions noted by Dow Jones. Consumer staples outperformed as Soft Drinks (+2.65%) attracted defensive flows. On the flip side, hardware supply chains struggled; Electronic Components (–11.51%) and Electronic Equipment & Instruments (–6.48%) slumped, in line with Tiger News reports of overnight weakness in global chip and storage names. IPO-related action remained lively, with healthcare and digital tech newcomers featuring prominently among top movers, underscoring ongoing appetite for thematic plays despite heightened volatility.
Sources: Public market data, summarized media reports
Disclaimer: This content is for reference only and does not constitute investment advice.
