Hong Kong Stock Midday Review | Hang Seng Index fell 1.18% in the morning session, KINGBOARD HLDG rose against the trend

Zhitong
2026.06.08 04:05

The Hong Kong Hang Seng Index fell 1.18% to 24,668 points in the morning session, while the Hang Seng TECH Index dropped 2.4%, with a turnover of HKD 196.2 billion. The price increase of copper-clad laminates drove the KINGBOARD HLDG system to rise against the trend, with KB LAMINATES up over 10% and KINGBOARD HLDG up over 12%. Engineering machinery stocks saw significant gains due to better-than-expected sales. Gold stocks fell across the board due to strong non-farm data and rising interest rate expectations, while airline stocks declined under the impact of profit forecast downgrades

According to Zhitong Finance APP, the Hong Kong Hang Seng Index fell by 1.18%, down 293 points, closing at 24,668 points; the Hang Seng TECH Index dropped by 2.4%. The turnover of Hong Kong stocks in the morning session was HKD 196.2 billion.

The price of copper-clad laminates (CCL) rose, and the Kingboard group showed strong performance. Kingboard Laminates (01888) rose by 10.78%, and Kingboard Holdings (00148) increased by over 12%.

Engineering machinery stocks led the gains. Excavator sales in May exceeded expectations, and exports continued to grow rapidly. SANY Heavy Industry (06031) rose by 5%; Zoomlion Heavy Industry (01157) increased by 3.77%.

Shougang Longze (02553) rose by over 6% against the market trend, as the company is a leader in CCUS and is expected to benefit from the rapid expansion of the SAF market.

Quantitative Investment (02685) rose by over 22%, with its subsidiary Silicon-based Intelligence laying out a full-scenario embodied intelligent robot, having previously received a voluntary extension of the lock-up period from its controlling shareholder.

Junzhi Group (01300) rose by over 11% again, with its stock price having increased more than tenfold this year, and its total market value approaching HKD 9 billion. It is involved in large-scale layouts in the AIDC intelligent computing center field.

Aston (02715) rose by over 12% during the session, maintaining the top position in industrial robot shipments in the Chinese market.

Wuyi Vision (06651) rose by 11%, as NVIDIA released Cosmos 3, and the company's subsidiary 51Sim is expected to continue benefiting from industry development.

Shandong Molong (00568) rose by over 15%, as Iran launched another attack on Israel after two months, causing international oil prices to surge this morning.

Hong Kong pharmaceutical retail company Longfeng Group (02290) fell by over 10% again, with its stock price halved in just two trading days since listing.

MGM China (02282) fell by 4.9%, as Ho Chaoqiong liquidated her holdings in MGM International, cashing out a total of USD 140 million.

Aviation stocks fell again. IATA lowered its global airline industry net profit forecast for this year, expecting fuel expenses to increase by nearly 40%. China Eastern Airlines (00670) fell by 4.6%; Air China (00753) dropped by 3.3%.

Gold stocks fell across the board, as strong non-farm payrolls ignited interest rate hike expectations, with spot gold briefly falling below USD 4,300. Lingbao Gold (03330) fell by 6.7%; Zijin Mining International (02259) dropped by 7.5%

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