Hong Kong Stock Afternoon Review | The Hang Seng Index fell 2.53% in early trading, and the gold sector rebounded higher

The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index fell 2.53% to 543 points to 20,922 points; the Hang Seng Technology Index fell 4.53%. Hong Kong stocks traded HK$118.1 billion in early trading.

International gold prices have once again reached a new high, and the probability of gold companies' performance growth has increased dramatically. Chifeng Gold (06693) rose 9.90%; Shandong Gold (01787) rose 4.38%; and Zhaojin Mining (01818) rose 2.35%.

Shiteng Holdings (02562) rose more than 27% in early trading, and cross-border e-commerce is expected to increase. The company is Alibaba's Southeast Asia e-commerce solution platform.

Ark Kenke (06086) surged more than 17.73%. Last year's adjusted net profit increased 139% year on year, and institutions are optimistic about the acceleration of AI medical industry trends.

Xiaomi Group-W (01810) fell another 5.45% and announced a financing plan of nearly 60 billion yuan within a month. Rumor has it that the company's Investor Day was postponed until June.

PV stocks have fallen again, and demand is nearing its end. Agencies say prices in the PV industry chain may loosen. Follett Glass (06865) fell 5.69%; Xinyi Solar (00968) fell 6.62%.

Apple concept stocks continued to be under pressure. Gaowei Electronics (01415) fell 6.83%, and BYD Electronics (00285) fell more than 4%. CICC said that the “equal tariff” policy does not mean that related industries will achieve “zero tariffs” in this regard, and there is still uncertainty about future tariffs for related industries.

Slam Group (03390)'s volume crashed. At one point, it fell more than 92% during the intraday period, and its total market value fell below HK$200 million.