Hong Kong Stocks Review: Hang Seng Index Falls 1.36%, CSI-300 Falls 2.72%! Concept Stocks of Medicine and Medical Equipment Rise, Ideal Auto Drops 12%

July 30 message, the three major indices of Hong Kong stocks opened low and closed low. As of the close, the Hang Seng Index fell 1.36%, to 25176.93 points, the Hang Seng Technology Index fell 2.72%, and the State-owned Enterprise Index fell 1.18%. On the market, concept stocks of medicine and medical equipment rose, Ping An Good Doctor rose over 11%, China Healthcare Group rose over 48%; oil and gas equipment and service stocks rose, Shandong Graphite rose over 16%; auto stocks plummeted, Ideal Auto dropped over 12%; chip stocks fell, SMIC International dropped over 5%.

Concept stocks of medicine and medical equipment rose, Ping An Good Doctor rose over 11%, China Healthcare Group rose over 48%. In July 2025, the National Medical Products Administration issued a notice on optimizing the whole-life cycle management to support high-end medical device innovation development, focusing on supporting innovative medical devices such as AI imaging diagnosis, robotic surgery, and brain-computer interfaces. Beijing's "AI+Medical Health" action plan proposes building an AI+medical health innovative ecosystem by 2027, driving over 30 core technologies and innovation products to land.

Medical equipment and supplies stocks

AI concept stocks

Oil and gas equipment and service stocks rose, Shandong Graphite rose over 16%. International oil prices jumped back up on July 29, with Brent and WTI crude oil futures rising over 3%, returning to around the $70 per barrel level. According to reports, Trump is considering a ceasefire agreement with Russia within 12 days, or else he will impose sanctions. This stance has also triggered concerns about Russian oil exports being restricted.

Auto stocks plummeted, Ideal Auto dropped over 12%. Recently, Ideal Auto officially released its first pure electric SUV, the Ideal i8. As the first pure electric SUV of Ideal Auto, the nationwide unified retail price of the Ideal i8 is 32.18-36.98 million yuan, and it will start delivery on August 20. Morgan Stanley predicts that by 2030, the global autonomous driving car market size will reach $200 billion.

Chip stocks fell, SMIC International dropped over 5%. According to sources, Nvidia has placed a new order for 300,000 H20 chips with TSMC, replenishing its existing inventory of 60-70 million H20 chips. Previously, media reports indicated that Nvidia had informed customers that the H20 AI chip inventory was limited and there were no plans to restart production. Morgan Stanley noted that the release of H20 would be beneficial for AI data center hosting companies, but would have a negative impact on local leading semiconductor supply chain companies such as SMIC International.

Source: Sina News