Hong Kong Stock Afternoon Review|Hang Seng Index fell 1.01% in early trading, CRO concept stocks collectively rose

The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index fell 1.01% to 270 points to 26,439 points; the Hang Seng Technology Index fell 1.65%. Hong Kong stocks traded HK$148.6 billion in early trading.

Societe Generale Securities pointed out that benefiting from the innovative drug BD going overseas and the steady recovery in financing, new orders from many CRO companies have accelerated quarterly, and the number of projects has achieved double-digit growth. CRO concept stocks collectively rallied higher. Demand within and outside the industry resonates, and 2026 results are expected to enter an improvement cycle. Gloria Ying (06821) rose more than 7%; Tiger Pharmaceuticals (03347) rose 5.9%; and Zhaoyan Pharmaceutical (06127) rose 4%.

Nine Dragons and many other large paper companies released price adjustment information. The agency said that the strategic core of Chinese paper companies has changed. Paper stocks had the highest increase. Nine Dragons Paper (02689) rose 9.94%; Liwen Paper (02314) rose more than 6%.

Indonesia's production control order continued to boost nickel prices, with Zhongwei New Materials (02579) rising more than 15%; Liqin Resources (02245) rising more than 8%.

Jinli Permanent Magnet (06680) rose more than 5%. According to news, China is studying tightening the review of rare earth export licenses to Japan.

Intosilicon Intelligence (03696) rose more than 4% to a record high. Recently, it was announced that it had reached a cooperation of 888 million US dollars with Schweier.

Hard Egg Innovation (00400) increased by more than 12%. The company recently released a self-developed new product to lay out a cutting-edge commercial space circuit.

Overnight, the US optical communication concept stock Lumentum surged more than 11%, and the optical communication concept rebounded. Changfei Optical Fiber Cable (06869) rose more than 7%, and Cambridge Technology (06166) rose more than 3%.

Cao Cao Travel (02643) rose more than 7%. The company bought all of Yao Chuxing and Geely Business Travel, and Citibank said active strategic mergers and acquisitions would enhance competitiveness.

GF Securities (01776) fell by more than 3%. It plans to discount more than 8% of its allotment of shares to raise a net of HK$4 billion and raise HK$2.15 billion by issuing convertible bonds.