Hong Kong stocks midday trading: Hang Seng Index falls 1.37% again below 25000 points, technology and finance stocks decline, while oil stocks rise against the trend.

The situation in the Middle East continues to escalate, with the three main stock indexes in Hong Kong showing a downward trend in the morning session. The Hang Seng Index fell by 1.37%, once again failing to hold above 25,000 points. The state-owned enterprise index and the Hang Seng Technology Index fell by 1.52% and 2.15% respectively. Most technology stocks declined, with Kuaishou performing the worst after a post-results drop of over 13%. Alibaba and Meituan both fell by over 3%, while major financial stocks, semiconductor stocks, gold stocks, and lithium battery stocks all slumped. In addition, oil stocks rose, with China National Offshore Oil Corporation up by 2.5%. Biopharmaceutical stocks were generally up, with traditional Chinese medicine stocks leading the gains.