Zhihu and MINIMAX-W led the stock price gains, each surpassing 19%, while Tencent Music suffered a sharp decline, closing down nearly 22%. Behind this contrasting decline, the Hong Kong stock market is showing a fragmented pattern overall. The Hang Seng Index closed up 0.61%, while the Hang Seng Tech Index showed relatively limited gains, rising only 0.01%. According to Jin10 data, sectors including power equipment, semiconductors, logistics, and concept stocks related to OpenClaw showed strong performance, becoming the main forces driving the Hong Kong stock market higher. It appears that investor focus has shifted from tech stocks to more diverse industrial sectors.

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