Hong Kong Stock Afternoon Review | The Hang Seng Index fell 1.75% in early trading and MINIMAX was included in Hong Kong Stock Connect and surged against the market

The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index fell 1.75% to 452 points to 25,463 points; the Hang Seng Technology Index fell 1.87%. Hong Kong stocks traded HK$149.6 billion at noon.

MINIMAX-W (00100) surged more than 16% against the market. The company was officially incorporated into the Hong Kong Stock Connect, and the transformation path of model capability into commercial revenue is being verified at an accelerated pace.

Smart Spectrum (02513) rose more than 5%, AI model competition turned to comprehensive competition, and institutions were optimistic about the company's potential for commercialization.

Shenghong Technology (02476) rose more than 7%, Rubin ushered in the starting point of large-scale shipments, and the company is expected to continue to benefit from the wave of AI development.

Zhongji Xuchuang (03308) rebounded more than 5% and was increased by 3.2451 million shares by Goldman Sachs. The industry estimates that the “ban” rumor will be difficult to implement.

Old-fashioned gold (06181) rose more than 3%. The price of gold recorded the biggest increase in five months in a single day, and the company's profit improvement logic was clear.

Collombotai Biotech (06990) rose 3.8% in the morning, and the new clinical trial application for the novel dual-load ADC drug SKB565 was approved.

Shanghai Aunt (02589) rose more than 11%, and achieved a high increase in performance in the first half of the year. The integrated two-wing overseas layout model guarantees medium- to long-term store opening space.

Kingsley Biotech (01548) rose more than 6% and will show results in the middle of this month. In the first half of the year, CARVYKTI sales increased sharply year-on-year.

Binhua Co., Ltd. (06745) rose more than 5% and began production of high-purity hydrogen fluoride gas. It is currently in the product promotion stage.

The Ningde Era (03750) fell by more than 3%. Institutions indicated that the company's gross profit margin in the second quarter was less than expected, triggering a new round of market anxiety.

COSCO Marine (01138) fell 3.8%, and the VLCC “Yuanxi Lake” changed from a Red Sea route to a detour to Africa.

According to reports, a 20% personal tax will be levied on Hong Kong insurance policy income. AIA (01299) fell 8.75%, and Prudential (02378) fell 5.8%.