On January 23, 2025, the Hong Kong stock market closed lower. The Hang Seng Index fell 0.40%, the Hang Seng China Enterprises Index dropped 0.18%, the Hang Seng Tech Index declined 1.43%, and the Hang Seng Composite Index fell 0.47%.

In terms of sectors, the electrical equipment sector led the gains, with SH ELECTRIC surging 9.62% after announcing a partnership with the National Earth Center to build a humanoid robot training platform and issuing a positive profit alert, expecting a 138%-184% increase in net profit for 2024. The insurance sector also performed well, with CPIC rising 2.91% and CHINA LIFE up 2.48%. On the other hand, the semiconductor sector saw significant declines, with SMIC plunging 7.24% amid a sector-wide sell-off, and HG SEMI falling 1.56%.

For individual stocks, SMIC experienced a sharp drop of over 7%, with a trading volume of HKD 55.48 billion and a market cap of HKD 311.09 billion. The decline was attributed to a broader sell-off in the semiconductor sector.

HAR ELECTRIC soared 24.41% after issuing a positive profit alert, projecting a significant increase in net profit for 2024.

MEDBOT-B surged 14.04% as its cumulative order volume exceeded 100 units, and its international business showed rapid growth.

KAISA HEALTH skyrocketed 27.27%, driven by market speculation and strong investor interest.

JIACHEN HOLDING and MINDTELL TECH saw extraordinary gains of 30.43% and 32.58%, respectively, due to speculative trading.

The property management sector was the worst performer, with a sector-wide decline of 3.32%.