Hong Kong Stock Market Midday Review: Hang Seng Index Falls 0.10% CSI Index Falls 0.51%! New Consumption Concept Retreats Old Gold Falls 5%, Dingdan Health Rises 21%, China CNR Rises 5%, Xiaomi and Baidu Fall 2%
August 21 message, Hong Kong stocks fell across the board. As of midday, the Hang Seng Index fell 0.10%, reporting 25140.95 points, the Hang Seng Technology Index fell 0.51%, and the China Enterprises Index fell 0.32%. On the trading floor, many technology stocks fell, with Xiaomi, Baidu, and Meituan falling more than 2%; fast hands rose nearly 1%. Internet healthcare stocks performed strongly, with Dingdan Health rising over 21%. High-speed rail construction stocks generally rose, with China CNR rising over 5%. Cryptocurrency concept stocks led the gains, with Huaxing Capital Holdings rising over 4%. New consumption concept retreated, with old gold falling over 5%.
Internet healthcare stocks performed strongly, with Dingdan Health rising over 21%. Recently, the internet healthcare industry has received multiple positive signals, including policy support, technological innovation, market performance, and corporate cooperation. In July 2025, the National Medical Products Administration released the "Measures for Optimizing the Whole Life Cycle Supervision to Support High-End Medical Device Innovation Development", focusing on supporting AI image diagnosis, robotic surgery, brain-computer interfaces, and other innovative medical device developments, and accelerating the formulation of relevant technical standards.
High-speed rail construction stocks generally rose, with China CNR rising over 5%. China Galaxy Securities released a research report stating that the railway industry remains highly optimistic, and railway investment is expected to maintain high levels, continuing to look favorably at new car purchases and high-level repairs, which are expected to support the performance of rail equipment companies.
Cryptocurrency concept stocks led the gains, with Huaxing Capital Holdings rising over 4%. August 28-29, the blockchain industry will hold a grand conference in Hong Kong, the Bitcoin Asia Summit. Eric Trump, son of former US President Donald Trump, will be the main speaker at the Hong Kong-held Bitcoin Asia summit and deliver a speech titled "Signal over Noise".
New consumption concept retreated, with old gold falling over 5%. Old Gold recently released strong mid-term performance, with revenue and profit exceeding expectations. Revenue reached 123.54 billion yuan, a year-on-year increase of 251%, while adjusted net profit reached 23.5 billion yuan, a year-on-year increase of 291%. Chief Financial Officer Li Jia stated that old gold's inventory increased from 40.88 billion at the end of last year to 86.85 billion by the end of this period. The increase in inventory mainly met the demand for product growth and expansion of new stores.
Source: Sina News