Hong Kong Stock Market Midday Review: Hang Seng Index drops by 1.98%, Hang Seng Technology Index drops by 4.04%

Hong Kong stocks closed at noon, with the Hang Seng Index falling by 1.98% and the Hang Seng Technology Index down by 4.04%. The Hang Seng Stock Connect ETF fell by 1.7%, while the Hong Kong Stock Connect Technology ETF Penghua dropped by 4.4%. In terms of sectors, the water service and power sectors saw the biggest increases, while the pharmaceutical, semiconductor products, and equipment sectors experienced the biggest declines. In terms of individual stocks, Quantitative Rally rose by 18.34%, TCL Electronics rose by 6.08%, Jiuxing Holding rose by 5.39%, China Star Group rose by 4.77%, and Anhui Road & Bridge Co. rose by 3.26%. On the other hand, Zhipu fell by 21.9%, Qunhe Technology fell by 15.19%, Xizhi Technology-P fell by 14.93%, Minglue Technology-W fell by 13.93%, and MINIMAX-W fell by 13.83%.