STOCKS | Mixed Performance in Hong Kong Stocks as Tech Shares Decline

On April 21, Hong Kong's major stock indices showed mixed performance during the morning session. According to Jin10, the Hang Seng Tech Index fell by 0.74% by midday, while the Hang Seng Index saw a slight increase of 0.13%. Notably, tech giants such as Alibaba (09988.HK), Tencent Holdings (00700.HK), and Xiaomi Group (01810.HK) opened higher but declined as the session progressed. By the midday close, Alibaba had dropped 1.3%. In contrast, new consumer concept stocks experienced significant gains. Shanghai Auntie (02589.HK) surged over 17% during the session, with Mixue Group (02097.HK) and Guming (01364.HK) also rising. Leading lithium battery company CATL (03750.HK) showed strong performance, climbing over 6% at one point and reaching a new all-time high. Meanwhile, stocks in the biopharmaceutical sector, Chinese brokerage firms, and robotics concept stocks mostly remained subdued.