HK Close | HSI Edges Higher as Autos and Gold Offset Semiconductor Downturn. BYD Company Jumps 8%; Xiaomi Rises over 4%; Meituan, JD Gain over 3%

I. Market Overview

Hong Kong equities closed with a mixed tone on Jul 2. The Hang Seng Index (HSI) finished at 23,055.03, up 0.76% (+174.01 points), supported by strength in automobiles, precious-metal miners and selected consumer names. The Hang Seng China Enterprises Index (HSCEI) gained 0.72% to 7,612.48, while the broader Hang Seng China Composite Index (HSCCI) advanced 1.80% to 3,735.60. In contrast, the technology-focused Hang Seng TECH Index (HSTECH) slipped 0.40% to 4,454.28, weighed by sharp losses in semiconductor and optical-communication stocks.

Total market turnover reached HKD 369.63 billion, indicating active participation despite sectoral divergence. Autos, gold miners and consumer plays helped underpin the main board, whereas heavy selling in semiconductors, optical communication and AI hardware names capped the broader market’s upside.

II. Sector Performance

Large-cap Tech Stocks

The tech complex showed a split performance: BYD COMPANY +8.07%, XIAOMI-W +4.44%, MEITUAN-W +3.43% and JD-SW +3.58% supported the space, but steep falls in MINIMAX-WP ‑14.44%, HUA HONG GRACE ‑13.52% and SMIC ‑10.07% dragged on overall sentiment, leaving the HSTECH Index marginally lower.

Top Performing Sectors

• Tobacco (+6.41%)

• Metal & Glass Containers (+6.17%)

• Gold (+5.53%)

Bottom Performing Sectors

• Oil & Gas Refining & Marketing (-14.20%)

• Electronic Components (-12.45%)

• Industrial Gases (-8.33%)

III. Top 10 Gainers in Hong Kong Market Today

Filter: Market cap>HKD10B

IV. Top 10 Losers in Hong Kong Market Today

Filter: Market cap>HKD10B

V. Closing Summary

1. Hong Kong’s main board closed higher, led by the HSI’s 0.76% gain to 23,055.03 and the HSCEI’s 0.72% rise to 7,612.48. The HSCCI outperformed with a 1.80% increase, while the HSTECH Index slipped 0.40%, reflecting pressure in chip-related counters. Turnover was a solid HKD 369.63 billion, indicating active trading interest across the market.

2. Large-cap technology names delivered a mixed session. Gains in BYD COMPANY (+8.07%), XIAOMI-W (+4.44%), MEITUAN-W (+3.43%) and JD-SW (+3.58%) helped cushion the sector, but sharp falls in HUA HONG GRACE (-13.52%), SMIC (-10.07%) and MINIMAX-WP (-14.44%) weighed on the overall tech gauge.

3. Gold miners dominated the gainers list, with CHINAGOLDINTL (+11.43%), CHIFENG GOLD (+10.53%) and LINGBAO GOLD (+10.42%) benefitting from sector strength. Automobile makers were also in demand; media highlighted BYD COMPANY rallying over 8% alongside LI AUTO-W and XPENG-W, supported by investor interest in electric-vehicle themes. Conversely, semiconductor and optical communication names such as CIG (-24.19%), YOFC (-22.36%) and ASMPT (-18.68%) experienced heavy selling, echoing media reports of sharp intraday declines across AI hardware and chip segments.

4. Sector data confirm a rotation: Tobacco, Metal & Glass Containers, and Gold led advances, each rising more than 5%. On the downside, Oil & Gas Refining & Marketing, Electronic Components and Industrial Gases registered the steepest losses. The day’s cross-currents underscore selective positioning, with investors favoring defensive commodities and consumption themes over high-valuation semiconductor plays.

Sources: Public market data, summarized media reports

Disclaimer: This content is for reference only and does not constitute investment advice.