Hong Kong stocks closed, Pop Mart fell another 5%

PANews, December 9—At the close of the Hong Kong stock market, Hong Kong stocks fluctuated and fell today. The Hang Seng Index closed down 1.29% at 25,434.23 points, and the Hang Seng Tech Index closed down 1.9% at 5,554.68 points. The market turnover reached HK$210.236 billion. On the sector front, pharmaceutical stocks bucked the trend and strengthened, while non-ferrous metals led the decline. The commercial aerospace and elderly care concept sectors also saw significant drops, with tech and consumer stocks performing weakly.

In terms of individual stocks, Ascletis Pharma (01672.HK) rose 18%, FIT Hon Teng (06088.HK) rose 11%, and JOINN Laboratories (06127.HK) rose 5.9%. Meanwhile, MCC (01618.HK) fell 21%, CMOC Group (03993.HK), Jiangxi Copper (00358.HK), Hua Hong Semiconductor (01347.HK), Pop Mart (09992.HK), and East Buy (01797.HK) all fell more than 5%, and SMIC (00981.HK) fell more than 4%.

Previously, it was reported that Pop Mart closed down 8.49% as the market was concerned about slowing overseas sales.