Hong Kong Stock Market Midday Review: Hang Seng Index Falls 0.18%, Tech Index Falls 0.12%! Alibaba Group, Meituan Dazhang Rise 2%, China Post Group Rises 8%, PetroChina Falls 4%
August 1, 2025 news, Hong Kong's three major stock indexes fell collectively. As of midday closing, the Hang Seng Index fell 0.18%, reporting 24727.78 points, the Hang Seng Tech Index fell 0.12%, and the National Index fell 0.01%. The market saw that tech stocks rose and fell differently, with Alibaba Group, Meituan Dazhang, and Baidu rising over 2%, while Huaban fell over 2%; logistics stocks rose sharply, with China Post Group rising over 8%; solar energy (000591) stock surged, Fuyuan Glass rose over 4%; oil stocks fell, PetroChina fell over 4%; and mainland securities continued to adjust, Xingzheng International fell over 9%.
Logistics stocks rose sharply, with China Post Group rising over 8%. The Ministry of Transport held a meeting on July 31st to analyze the transportation situation in the first half of 2025 and deploy key tasks for the second half. The meeting emphasized that it is necessary to accelerate the construction of the comprehensive land-sea-air transportation network, accelerate the development of major projects, and make good use of various financial support policies to serve the implementation of major national strategies. It also highlighted the need to coordinate the development of the "15th Five-Year Plan" for transportation and carefully prepare the plan.
Alibaba Group, Meituan Dazhang, and other food delivery platforms saw their stock prices rise. Meituan's official WeChat account published a statement today saying that the platform will strictly regulate promotional behavior and prevent unfair competition to establish a fair and orderly industry order.
Solar energy stocks surged, Fuyuan Glass rose over 4%. CITIC Securities noted that solar energy is a key area for the industry to regain its competitiveness and profitability in the face of current market fluctuations. As the market returns to normal and supply-side reforms continue to improve and take effect, the solar energy industry chain may see prices stabilize and profits recover.
Oil stocks fell, PetroChina fell over 4%. China Petroleum Corporation announced that according to Chinese accounting standards, the company's net profit attributable to shareholders for the first half of 2025 is expected to be between RMB 201 billion and RMB 216 billion, down 39.5% to 43.7% from the same period last year.
Mainland securities continued to adjust, Xingzheng International fell over 9%. Galaxy Securities believes that the country's "stable growth and stable stock market" and "boost capital markets" policy goals will continue to drive the securities sector's outlook.