Hong Kong opened higher then traded sideways; the Hang Seng closed down 0.7% at
24,030.18. The Hang Seng Tech index was flat, up 0.01% at 4,731.56. Turnover HKD
377.25 bln. Semiconductors led gains while airlines and autos lagged;
lithium-battery names extended losses and broader tech eased. Biggest movers:
Xinzhi Holdings (02166.HK) +~28%, Zhaoyi Innovation (03986.HK) +21%+, Lanqi
Technology (06809.HK) +19.4%, SMIC (00981.HK) +10%+, Hua Hong Semiconductor
(01347.HK) +8%+, Lenovo Group (00992.HK) +7.7%, ZTE (00763.HK) +6.5%. MINIMAX-W
(00100.HK) fell 18% on first-day unlock. Losers included Longpan Technology
(02465.HK) -7%, Laopu Gold (06181.HK) and Jitu Express (01519.HK) -5.5%,
Kuaishou (01024.HK), Leapmotor (09863.HK) and Bilibili (09626.HK) down >4%. New
listings: Qiyunshan Foods (02797.HK) +162.5% debut, Luoshi Robotics (03752.HK)
+15.2%; Luxshare Precision (02475.HK) -1.55%, Puyuan Precision Electronics
(00537.HK) -37.4%.
