Hong Kong Stocks Close Lower on July 7, Hang Seng Index Falls 0.51%; Meituan-W Leads Blue Chips Up 4.54%

According to Smart Finance, Hong Kong stocks pulled back on July 7 after early gains, with all three major indices closing lower. The Hang Seng Index fell 0.51% or 119.43 points to close at 23,496.89, with daily turnover of HK$319.711 billion. The Hang Seng China Enterprises Index declined 0.54% to 7,770.26, and the Hang Seng Tech Index dropped 0.75% to 4,507.04.

Meituan-W (03690) led blue-chip gainers, surging 4.54% to close at HK$78.35 with HK$9.239 billion in turnover, contributing 28.92 points to the Hang Seng Index. The company announced the official open-sourcing of its LongCat-2.0 large language model on July 6, featuring 1.6 trillion parameters with an average activation of approximately 48 billion.