Hong Kong Stocks Decline as Tech Volatility Persists; Seven Firms See Mixed Debuts
Hong Kong stocks closed lower Thursday as renewed tensions in the Middle East and another bout of volatility in regional technology shares weighed on investor sentiment.The Hang Seng Index fell 0.7%, or 169.28 points, to close at 24,030.18, while the Hang Seng China Enterprises Index dropped 1.1%, or 86.93 points, to finish at 7,997.29.Technology shares remained under pressure as the recent semiconductor-led rally faded, even as broader regional markets recovered from recent heavy losses.Meanwhile, U.S. President Donald Trump said on Wednesday the interim agreement with Iran to end the conflict was "over," although he later said he did not expect a return to full-scale war.Oil prices rose for a third straight session as Washington carried out another round of strikes against Iran.In corporate news, seven firms listed on the main board, marking one of the year's busiest days for debuts.Luxshare Precision Industry (HKG:2475, SHE:002475) ended the session nearly 2% lower at HK$62.30 versus its offer price of HK$63.28Chaozhou Three-Circle (HKG:6951, SHE:300408) closed nearly 5% higher at HK$105.00, compared with its offer price of HK$100.30.Rigol Technologies (HKG:0537, SHA:688337) ended the session over 37% lower at HK$28.80, versus its offer price of HK$45.98.DKE (HKG:1770) closed 2% higher at HK$80.00, compared with its offer price of HK$78.64.Guangdong Dtech Technology (SHE:301377, HKG:1377) ended the session 2% lower at HK$373.20, versus its offer price of HK$380.Jiangxi Qiyunshan Food (HKG:2797) advanced nearly 163% to close at HK$21, compared with its offer price of HK$8.Rokae (Shandong) Robotics (HKG:3752) ended the session 15% higher at HK$43.78, versus its offer price of HK$38.
