Post-Market: August Close - Hang Seng Index Slightly Down 0.07%, Tech and PCB Concepts Perform Strongly

On Monday, August 31, the Hong Kong stock market saw the final battle of August, with major indices showing individual developments. The Hang Seng Index slightly fell 0.07%, closing at 25,566.99 points. The Hang Seng Tech Index turned upward in the afternoon, rising 0.32% to 4,619.87 points. The HSCEI rose 0.27%, closing at 8,513.18 points.

This month, the three major Hong Kong stock indices overall fell, with the Hang Seng Index and the HSCEI cumulative decline exceeding 1%, and the Hang Seng Tech Index falling more than 4%.

On today's market, the AI application and tech sectors were the most active. Among the HSTEI components, MINIMAX-W surged 16.18% today, with a cumulative reverse rise of over 51% this month. Another focus stock, Zhipu, was officially included in the MSCI China Index today, with its stock price rising 9.63%, and the daily turnover reached 12.755 billion Hong Kong dollars, ranking first in Hong Kong stock turnover.

Additionally, PCB concept stocks benefited from AI server upgrades and capacity expansion, with the industry entering a phase of increasing volume and prices. Among them, Datang Telecom surged 11.66%, and Jintai Circuit Board also rose 2.70%.

At the same time, bank stocks collectively performed strongly, becoming the main support today. Postal Savings Bank rose 6.96% today, with its mid-year report showing a 7.26% increase in revenue for the first half of the year, and the interim dividend payout ratio was raised to 31%. The Bank of China and the China Construction Bank also rose 5.73% and 3.94%, respectively. Analysis pointed out that state-owned banks, with mid-year reports verifying revenue growth and stable net interest margins, and high dividends and interim dividend increases, continuously strengthened the allocation logic.

In contrast, real estate stocks plummeted across the board today. Although multiple departments have recently introduced new policies on real estate credit, funds switched to profit pricing after financial reports were released. Longevity China plummeted 17.58%, with its revenue and net profit attributable to the parent company for the first half of the year falling 26% and 61%, respectively. China Resources Land and Yuexiu Property fell 15.92% and 13.64%, respectively.