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The market may reach a critical juncture in the short term, with Banks and Electrical Utilities showing repeated activity, and the Technology Sector poised to take off.
Track the entire lifecycle of the main Sector.
[Special Contributor] Deng Shengxing: The Hong Kong stock market lacks direction and fluctuates narrowly.
Golden Finance News | The Hang Seng Index closed at 21,971 on Monday (28th), down 8 points or 0.04%. The total market turnover for the day was 169 billion yuan. The National Index closed at 8,080, down less than 1 point, while the Tech Index rose slightly by 0.1%, closing at 4,988. Mainland Real Estate stocks fell. Vanke (02202) dropped 4.4%; China Overseas (00688) fell 2.4%; biotech stocks also performed poorly. AKESO (09926) saw a sharp drop of 11.8% at close due to the latest overall survival data for its flagship drug, evorpacept (trade name: IdaPhos), not meeting expectations; the Dow Jones Index closed at 40,227 points on Monday (28th).
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The pattern of the Chinese smartphone market changed in the first quarter: Xiaomi topped the chart for the first time in ten years, while Apple's market share declined.
① The Analyst believes that the main reasons for Xiaomi's rise to the top are the optimization of its channel system and the national subsidy policy for purchasing devices. ② The overall market fundamentals remain relatively weak, and the shipment volume has not yet recovered to the level of the same period before the pandemic.