Hong Kong's first trading day after the holiday opened strongly; the Hang Seng
rose about 200 pts at the open and briefly gained over 2% to a high of 23,335.92
before giving back most gains to close up 0.76% at 23,055.03. The Hang Seng Tech
Index fell 0.4% to 4,454.28. Turnover was HKD 369.63 bln, versus HKD 308.05 bln
on the prior session. Compute-hardware and semiconductor names led declines
following offshore moves, with several stocks down more than 10%. Autos, rare
earths and precious metals outperformed; innovative-drug names rallied again in
the afternoon. Selected movers: BYD Company (01211.HK) +8.07%, China Gold
International Resources (02099.HK) +11.43%, Jinli Permanent Magnet (06680.HK)
+12.03%, CSPC PHARMA (01093.HK) +8.32%, Zhaoyi Innovation (03986.HK) -18.39%,
SMIC (00981.HK) -10.07%.
