Hong Kong Market Close: Securities and Semiconductor Stocks Lead Gains, Hang Seng Index Up 0.56%, Non-Ferrous Metals Strong

Driven by favorable external conditions and positive company-specific developments, Hong Kong's major indices closed higher across the board. At the close, the Hang Seng Index rose 0.56% to 25,652.97 points; the H-share Index (HSCEI) gained 1.05% to 8,533.84 points; and the Hang Seng Tech Index advanced 0.82% to 4,626.15 points. The overall market displayed a bullish pattern, with strong performances from the technology, securities, semiconductor, and non-ferrous metals sectors.

In the tech and internet sector, gains outnumbered losses. Major tech stocks rallied collectively, with Alibaba and Xiaomi Group both rising over 2%, while Baidu, Meituan, and Kuaishou posted gains of more than 1%. However, Bilibili and NetEase declined by over 1%.

The non-ferrous metals sector performed exceptionally strongly on the day. With overseas copper prices remaining at high levels and global supply tight, coupled with continued release of positive mid-year earnings from domestic listed companies, copper-related stocks led the advance. Jiangxi Copper Company surged over 9% on strong earnings, while China Nonferrous Metal Mining also rose 9.9%.

Chinese securities firms benefited from a dual engine of 'earnings and dividends,' collectively rallying strongly. As mid-year reports were released, strong performance and generous dividend proposals from brokerages directly boosted market allocation sentiment. Sector leader CICC rose over 8% to lead the gains, while China Merchants Securities and CITIC Securities both gained over 6%.

Additionally, semiconductor and optical communication概念股 rose across the board, with Changguang Chen surging over 11% and Cambridge Technology up over 9%, while Hua Hong Semiconductor and SMIC followed with gains. Property stocks were also active, with China Jinmao performing best after its earnings release, rising nearly 9%.

In contrast, Beijing Enterprises Water Group plunged over 17% in the afternoon after releasing its earnings at noon, dragging down the water utility sector; meanwhile, China Petroleum & Chemical Corporation fell 1.4% due to declining oil prices.