"Hong Kong Stocks" Hang Seng Index closed down 16 points, commodity stocks rose against the trend, "Bilibili" fell over 4%

The overseas stock markets initially fell and then narrowed, as China suspended some tariff measures on American goods. The Hong Kong stock market also experienced a decline before narrowing in the afternoon. The Hang Seng Index opened down 250 points, with the initial drop expanding to 456 points, reaching 25,496 points. Subsequently, the decline significantly narrowed, and during the lunch break, it even rose by 28 points to a high of 25,980 points. The index closed down 16 points or 0.07% at 25,935 points; the National Index fell 9 points or 0.1% to close at 9,163 points; the Hang Seng Tech Index dropped 32 points or 0.56% to close at 5,785 points. The total turnover for the day was HKD 238.825 billion.

The car stock Seres (09927.HK) debuted at HKD 131.5, unchanged from its listing price. Leapmotor (09863.HK) denied rumors of a stake acquisition by FAW, with its stock price rising 1.4%. BYD (01211.HK) and Chery (09973.HK) fell 1.8% and 3.6%, respectively.

Some travel-related stocks performed well. China Duty Free Group (01880.HK) reported a 22% year-on-year decline in net profit for the first three quarters but declared a dividend of 25 cents per share, marking the company's first interim dividend. Its stock price rose 4%. China Eastern Airlines (00670.HK) and Air China (00753.HK) rose 4.6% and 3.7%, respectively. Sportswear stock Li Ning (02331.HK) saw an increase of 1.9% after Li Ning increased its stake by nearly HKD 430 million at the end of last month. Food stock Tingyi (00322.HK) rose 4.3%. Retail stock Pop Mart (09992.HK) closed flat at HKD 217.4.

In the financial sector, HSBC (00005.HK) rose 0.2%. Hong Kong Exchanges and Clearing (00388.HK) reported a 56% year-on-year increase in net profit for the third quarter, close to the upper limit of market expectations, and closed down 0.5%. AIA (01299.HK) fell 0.1%. Commodity stocks stabilized, with China Gold International (02099.HK) and Zijin Mining (02899.HK) rising 3.2% and 2.4%, respectively. Zhaojin Mining (01818.HK) rose 1.9%, and China Silver Group (00815.HK) rose 5.2%. Jiangxi Copper (00358.HK) and Luoyang Molybdenum (03993.HK) rose 3.1% and 1.6%, respectively. Gold jewelry stocks Lao Pu Gold (06181.HK) and Chow Tai Fook (01929.HK) rose 3.1% and 1.4%.

In the technology sector, Meituan (03690.HK) and NetEase (09999.HK) rose 1.3% and 0.3%, respectively, while Tencent (00700.HK) closed flat at HKD 629. Xiaomi (01810.HK), Baidu (09888.HK), Alibaba (09988.HK), JD.com (09618.HK), and Kuaishou (01024.HK) fell between 0.2% and 0.7%, with Bilibili (09626.HK) dropping 4.1%. Additionally, Weimob (02013.HK), China Literature (00772.HK), Jinsoft (03888.HK), SenseTime (00020.HK), and New Oriental (09901.HK) fell between 2.7% and 3.2% Mobile component stock Sunny Optical (02382.HK) fell nearly 2%, while chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) dropped 0.2% and 3.1%, respectively. In the telecommunications infrastructure sector, ZTE (00763.HK) and Yangtze Optical Fibre and Cable (06869.HK) declined by 2.8% to 2.9%. Power equipment stock Dongfang Electric (01072.HK) rose by 3.8%.

In other stocks, Yanzhou Coal (01171.HK) and China Coal (01898.HK) increased by 2.8% and 3.2%, while Weichai Power (02338.HK) rose by 4.9%