The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index fell 0.63% to 155 points to 24,486 points; the Hang Seng Technology Index fell 1.37%. Hong Kong stocks traded HK$90.9 billion in early trading.
Kangfang Biotech (09926) surged more than 14%, leading the Hang Seng Biotech Index, Hang Seng Innovative Drugs Index, and Hang Seng Index blue chips. At AstraZeneca's $2 billion strategic investment summit, Iwasi received endorsements from top pharmaceutical companies.
Conoa-B (02162) rose more than 9%. AstraZeneca is leading the way in promoting clinical research on various gastrointestinal tumors using Evosi in combination with AstraZeneca's Sonesitatug Vedotin (Sone-Ve, CLDN18.2 ADC). According to reports, Sone-VE, formerly known as CMG901, is a Claudin18.2 ADC developed by Kym, a joint venture between Conoa-B (02162) and Lepu Biotech (both parties hold 70% and 30% shares, respectively).
Four IPOs were listed and traded. Roboco (03757) fell 5.5% in midday trading; Jingwang Electronics (03228) rose 9%; Tongcheng New Materials (09607) fell more than 8%; Benmao Technology (06731) rose more than 4%.
Some optical communication concept stocks are picking up. The industry is benefiting from the triple drive of AI computing power expansion, and Citibank Fulizi indicated that the impact of the US bill is limited. Changfei Optical Fiber Cable (06869) rose 5%; Cambridge Technology (06166) rose 3%.
The PCB concept had the highest rise. PCB price increases are smoothly transmitted downstream, and the profitability of board manufacturers is expected to recover. Guanghe Technology (01989) rose 6%; Shenghong Technology (02476) rose 4%.
Domestic housing stocks continued to rise. The National Standing Committee will study and introduce policies to stabilize the real estate market, and institutions are optimistic that core cities will take the lead in stabilizing restoration. Greentown China (03900) rose more than 8%; Jinhui Holdings (09993) rose more than 7%.
Daikin Heavy Industries (01081) rose more than 5%, and the company teamed up with Ulstein in Norway to lay out a new generation of offshore wind power installation vessels.
Hantian Tiancheng (02726) rose more than 7%. Recently, it announced huge purchase cooperation, and demand in the silicon carbide industry chain is booming.
Pilot Intelligence (00470) rose more than 8%, and seven departments issued a “15th Five-Year Plan” for the development of the new battery industry. The development of solid-state batteries is expected to accelerate.
Xiying-W (00625) fell more than 10% to a record low. After adjustments in the first half of the year, net profit fell short, and the two major markets in Europe and the US weakened simultaneously.