Hong Kong stocks closed the first half of the year with three major indexes fluctuating and falling. The automobile and biopharmaceutical sectors led the gains, with XPENG-W surging 10%.

On June 30th, the Hong Kong stock market opened lower, and the three major indexes fluctuated higher in the early trading session. The Hang Seng Index briefly recovered to 19,000 points, but then experienced another downward fluctuation. In the end, the Hang Seng Index closed down 0.09%, the Hang Seng Tech Index fell 0.56%, and the Hang Seng China Enterprises Index dropped 0.03%.

The total turnover of the Hong Kong stock market today was HKD 81.148 billion, with a net inflow of HKD 1.665 billion from southbound funds.

Today is the last trading day of the first half of the year for the Hong Kong stock market. In the first half of this year, the Hang Seng Index fell 4.37%, the Hang Seng Tech Index dropped 5.27%, and the Hang Seng China Enterprises Index declined 4.18%. The net inflow of southbound funds was HKD 123.552 billion.

In terms of sectors, in the first half of this year, sectors such as fossil energy, telecommunications, and automobiles saw higher gains, while sectors such as pharmaceuticals, retail, and real estate experienced larger declines.

In today's market, the automobile, biotechnology, coal, and telecommunications sectors rose, while gold rebounded. The household appliances and software sectors saw larger declines, and artificial intelligence and cloud computing weakened.

"Longbridge Dolphin" once again led the technology stocks, with XPENG-W opening up 15% and then narrowing its gains to close up 10.38%. NIO-SW rose by about 5%, and Li Auto increased by 0.3%.

Most other technology stocks declined, with Kingsoft Office Software falling 5%, Kuaishou and China Literature both dropping nearly 3%, Alibaba down over 1%, and Tencent, Bilibili, and Weibo experiencing slight declines.

Automobiles Lead the Way

XPENG-W stock price reached a new high since September 2022, with a 5.47% increase for LEAPMOTOR, approximately 5% increase for Great Wall Motors, nearly 3% increase for Geely Automobile, and a follow-up increase for WULING MOTORS and GAC Motor.

In terms of news, the Xiaopeng G6 was officially launched yesterday and will begin deliveries in July. From June 9th to June 28th, Xiaopeng G6 orders have exceeded 35,000 units.

Coal Rises in the Afternoon

Yanzhou Coal Mining and CHINA COAL both rose by over 3%.

Telecommunications Gains Expand

CHINA UNICOM rose nearly 6%, and China Mobile rose over 1%.

In terms of news, CHINA UNICOM unveiled the "Honghu" graphic and text model at the 2023 MWC Shanghai Conference. This 1.0 model is the first AI model for value-added services for operators, currently available in two versions: one with 800 million training parameters and another with 2 billion training parameters. It can achieve functions such as generating images from text, video editing, and generating images from images.

Unprofitable Biotech Companies Surge

Green Bamboo Biotech rose over 21%, while MicroPort, ZYLOXTB-B, and IMMUNOTECH-B all rose by over 10%.

Cloud Computing and Artificial Intelligence Weaken