Hong Kong stock market midday review: Hang Seng Index down 1.4%, technology stocks continue to struggle, storage semiconductors still strong.

Hong Kong stocks continued their decline from yesterday, as of the midday break, the Hang Seng Index fell by 1.4%, the State-owned Enterprises Index fell by 1.06%, and the Hang Seng Tech Index fell by 1.43%. Weighted technology stocks dragged the market down again, with Alibaba, Meituan, and Baidu all falling over 2%, Tencent, Xiaomi, and JD.com all declining as well; International gold prices fell, combined with net outflows of over 10 billion yuan from gold ETFs in the past month, leading gold stocks alongside non-ferrous metal stocks to fall, while lithium battery stocks, AI application concept stocks, and insurance stocks generally declined. In addition, storage semiconductor stocks continued to rise actively, with SMIC leading the way again.