Hong Kong's Hang Seng Index Falls 1.43% to 23,076.91 Points on June 25; Storage and PCB Stocks Rally

According to Zhitong Finance, Hong Kong's Hang Seng Index fell 1.43%, or 335.27 points, to 23,076.91 points at close on June 25, with daily turnover of 325.785 billion Hong Kong dollars. The Hang Seng China Enterprises Index declined 2.02% to 7,608.38 points, while the Hang Seng Tech Index dropped 1.63% to 4,405.92 points.

Among blue-chip stocks, Trip.com Group tumbled 10.92% to 315 Hong Kong dollars following earnings results that showed first-quarter net revenue of 16.208 billion yuan, up 17.2% year-over-year, but net profit fell 41.6% to 2.499 billion yuan. The company guided second-quarter revenue growth to slow to 3%–8%. Meanwhile, Techtronic Industries rose 5.85% and Lenovo gained 4.62%.

In hot sectors, storage stocks surged following Micron Technology's better-than-expected earnings, with GigaDevice rallying 12.32%. PCB stocks rallied sharply, with Kingboard Holdings climbing 11.38%. Aviation stocks recovered as oil prices fell to February lows. However, gold stocks plunged after spot gold prices dropped below $4,000 for the first time in seven months, with Shandong Gold falling 8.04%.