Hong Kong Hang Seng Index slips as storage‑chip stocks tumble

Hong Kong’s Hang Seng Index closed modestly higher on July 13, up 0.16% to 24,213.72 points, while the Hang Seng Technology Index fell 0.96% to 4,676.43. Storage‑chip and semiconductor‑related shares led the declines: Zhaoyi Innovation dropped more than 15%, South Two‑Times Hynix fell 33%, and South Two‑Times Samsung slumped 20%. PCB stocks also retreated, with Jiantao Group down 19.2% after a major shareholder reduced its stake.

In contrast, oil‑related equities rose on heightened Middle‑East tensions and rising crude prices, lifting stocks such as Shandong Moc Long and China Petrochemical. Mid‑day trading later showed the Hang Seng slipping 0.11% to 24,148 points as storage‑chip pressure persisted, with SK Hynix down over 26% and Zhaoyi Innovation losing more than 10% following a share‑unlocking event. Blue‑chip China Macro Bridge posted a profit outlook boost, gaining over 3%, while other large‑cap names showed mixed performance.