Hong Kong Stock Market Midday Review: Hang Seng Index Rises 0.52%, Tech Index Rises 0.54%!
August 7th, Hong Kong stocks rallied across the board. As of midday trading, the Hang Seng Index rose 0.52%, to 25,041.03 points, while the Hang Seng Tech Index rose 0.54% and the Chinese Enterprises Index rose 0.36%. On the market, stocks in the semiconductor sector surged, with Ennocean Sciences rising over 11%, while Alibaba Group rose more than 2%, Meituan, JD.com, Baidu, Lenovo, and Xiaomi dropped more than 4%; the innovative medicine concept fell back, with Lepu Biopharma dropping over 8%.
The semiconductor sector surged, with Ennocean Sciences rising over 11%. According to reports, Trump stated on Wednesday that the US would impose tariffs of around 100% on semiconductors produced in countries outside the US or not planning to set up factories within the US. Trump also indicated that the US could implement independent tariffs on all products containing semiconductor chips as early as next week. Analysts believe that if this tariff policy is implemented, it will put short-term pressure on China's semiconductor industry, but may ultimately strengthen China's self-reliance efforts.
The concept of Apple rose to the forefront, with Gaoyi Electronics rising nearly 10%. On August 6th Eastern Time, Apple Inc. announced that it would increase its investment in the US by $1 trillion over the next four years. This marks a significant acceleration of its US investment plan, which will see investments totaling $6 trillion over the next four years. The new investment will include the launch of a US manufacturing plan aimed at moving more of Apple's supply chain to the US and encouraging other US companies to produce components domestically.
The innovative medicine concept fell back, with Lepu Biopharma dropping over 8%. According to reports, the State Medical Insurance Administration has organized a series of talks on supporting innovative medicines, inviting government departments, medical institutions, and pharmaceutical companies to discuss measures for implementation.
The new consumer concept stocks were diversified, with Pufang's historic high again, while Xiaomi dropped over 4%. Morgan Stanley emphasized that the strong platform value of Pufang may be underestimated by the market. The report noted that the company currently has four regional sales channels but that its self-owned IP mainly comes from the Greater China region (except for Thailand's Crybaby and the US's Peach Riot). In the future, Pufang is expected to tap into rich artistic resources in the US, Europe, Japan, and Southeast Asia.
Xiaomi will announce its 2025 second-quarter results on August 19th, with Morgan Stanley predicting that Xiaomi's smart phone shipments in the second quarter of 2025 will be slightly lower than previously expected, mainly due to a 25% year-on-year decline in India.
Source: Sina News