Hong Kong stock market midday report: Hang Seng Index down by 0.45%, technology and semiconductor stocks generally declined, while the three major oil companies rose against the trend.

In the morning session, the three main indexes of the Hong Kong stock market opened high and then fell. The market sentiment remains weak, and it has recorded four consecutive declines. As of midday, the Hang Seng Index was down 0.45%, the H-share Index was down 0.35%, and the Hang Seng Tech Index was down 0.98%. Weighted technology stocks mostly continued to fall, especially Xiaomi, which fell more than 4% to a new stage low. Semiconductor stocks, which rose against the trend yesterday, weakened again, while automobile stocks, real estate stocks, and casino stocks generally fell. In addition, the three oil companies were active, with China Petrochemical setting a new high in a stage. Institutions continue to be bullish on the price of gold, and gold stocks, which have been falling continuously, rebounded collectively.