Hong Kong stocks pared early gains; the Hang Seng ended down 0.78% at 24,011.03,
while the Hang Seng Tech Index — which had rallied more than 2% intraday —
closed down 0.06% at 4,728.02. Southbound flows recorded net buying above
CNY10.0 bln. Semiconductor names led gains, oil & gas and sports stocks rose,
tech names cooled, airlines fell and metals were weak. Notable movers: Zhaoyi
Innovation (03986.HK) +~14%, Shandong Molong (00568.HK) +11.8%, Zhipu (02513.HK)
+9%, Lanqi Technology (06809.HK) +>8%, SMIC (00981.HK) +>7%, Hua Hong Hongli
(01347.HK) and Biren Technology (06082.HK) each +>7%; MINIMAX-W (00100.HK)
-~14%, Bilibili (09626.HK) -5%, Longpan Technology (02465.HK) -5%, TTANQT
LITHIUM (09696.HK) and Leapmotor (09863.HK) each down >4%, Kuaishou (01024.HK)
-3%. New listings: Qiyunshan Food (02797.HK) surged 187.5% on debut, Luoshi
Robotics (03752.HK) +9.4%, Luxshare Precision (02475.HK) -5.2%, Puyuan Jingdian
(00537.HK) -34%.
