Hong Kong Stocks Closed Lower, SMIC Plunges Over 7%, Harbin Electric Surges Over 24%

Market Watcher

Jan 23, 2025

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%.

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Download now to start investing in ETFs, options and the global share market.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1146707083"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"NZL","license":"TBKIWI","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1146707083\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1146707083?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-23 16:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1146707083","market":"hk","top_or_hot":-1,"title":"Hong Kong Stocks Closed Lower, SMIC Plunges Over 7%, Harbin Electric Surges Over 24%","media":"Market Watcher","content":"<html><head></head><body><p>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%. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0550d01765702e3bf26097b3992b2b5\" tg-width=\"274\" tg-height=\"702\"/></p><p>In terms of sectors, the electrical equipment sector led the gains, with <a href=\"https://laohu8.com/S/02727\">SH ELECTRIC</a> 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 <a href=\"https://laohu8.com/S/02601\">CPIC</a> rising 2.91% and <a href=\"https://laohu8.com/S/02628\">CHINA LIFE</a> up 2.48%. On the other hand, the semiconductor sector saw significant declines, with <a href=\"https://laohu8.com/S/00981\">SMIC</a> plunging 7.24% amid a sector-wide sell-off, and <a href=\"https://laohu8.com/S/06908\">HG SEMI</a> falling 1.56%. </p><p>For individual stocks, <a href=\"https://laohu8.com/S/00981\">SMIC</a> 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. </p><p><a href=\"https://laohu8.com/S/01133\">HAR ELECTRIC</a> soared 24.41% after issuing a positive profit alert, projecting a significant increase in net profit for 2024. </p><p><br/><a href=\"https://laohu8.com/S/02252\">MEDBOT-B</a> surged 14.04% as its cumulative order volume exceeded 100 units, and its international business showed rapid growth. </p><p><a href=\"https://laohu8.com/S/00876\">KAISA HEALTH</a> skyrocketed 27.27%, driven by market speculation and strong investor interest. </p><p><a href=\"https://laohu8.com/S/01937\">JIACHEN HOLDING</a> and <a href=\"https://laohu8.com/S/08611\">MINDTELL TECH</a> saw extraordinary gains of 30.43% and 32.58%, respectively, due to speculative trading. </p><p>The property management sector was the worst performer, with a sector-wide decline of 3.32%.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Closed Lower, SMIC Plunges Over 7%, Harbin Electric Surges Over 24%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Closed Lower, SMIC Plunges Over 7%, Harbin Electric Surges Over 24%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1027265475\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Market Watcher </p>\n<p class=\"h-time\">2025-01-23 16:19</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>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%. </p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f0550d01765702e3bf26097b3992b2b5\" tg-width=\"274\" tg-height=\"702\"/></p><p>In terms of sectors, the electrical equipment sector led the gains, with <a href=\"https://laohu8.com/S/02727\">SH ELECTRIC</a> 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 <a href=\"https://laohu8.com/S/02601\">CPIC</a> rising 2.91% and <a href=\"https://laohu8.com/S/02628\">CHINA LIFE</a> up 2.48%. On the other hand, the semiconductor sector saw significant declines, with <a href=\"https://laohu8.com/S/00981\">SMIC</a> plunging 7.24% amid a sector-wide sell-off, and <a href=\"https://laohu8.com/S/06908\">HG SEMI</a> falling 1.56%. </p><p>For individual stocks, <a href=\"https://laohu8.com/S/00981\">SMIC</a> 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. </p><p><a href=\"https://laohu8.com/S/01133\">HAR ELECTRIC</a> soared 24.41% after issuing a positive profit alert, projecting a significant increase in net profit for 2024. </p><p><br/><a href=\"https://laohu8.com/S/02252\">MEDBOT-B</a> surged 14.04% as its cumulative order volume exceeded 100 units, and its international business showed rapid growth. </p><p><a href=\"https://laohu8.com/S/00876\">KAISA HEALTH</a> skyrocketed 27.27%, driven by market speculation and strong investor interest. </p><p><a href=\"https://laohu8.com/S/01937\">JIACHEN HOLDING</a> and <a href=\"https://laohu8.com/S/08611\">MINDTELL TECH</a> saw extraordinary gains of 30.43% and 32.58%, respectively, due to speculative trading. </p><p>The property management sector was the worst performer, with a sector-wide decline of 3.32%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSCEI","symbol_name":"国企指数","start_time":0,"source_url":"","article_id":"1146707083","we_media_id":"1027265475","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1146707083","pubTimestamp":1737620370,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Watcher","introduction":"stay tuned on realtime market movements","home_visible":1,"id":"1027265475","head_image":"https://static.tigerbbs.com/b4070558872429328fe9f26a97b36c72"},"summary":"On January 23, 2025, the Hong Kong stock market closed with mixed performance. The Hang Seng Index fell 0.40%, the Hang Seng China Enterprises Index dropped 0.18%, the Hang Seng Tech Index declined 1.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSCEI":"国企指数","HSI":"恒生指数","HSTECH":"恒生科技指数"},"translate_title":"收盘钟港股涨跌不一中芯国际暴跌超7%哈尔滨电气大涨超24%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSTECH":1,"HSCEI":1,"HSI":1},"content_text":"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%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}