"Hong Kong Stocks" Hang Seng Index down 63 points in half a day, robotics stocks continue to rise, metal stocks perform well

The Dow Jones Industrial Average in the US fell by less than 0.1% overnight (4th). The Hong Kong Monetary Authority injected HKD 20 million in liquidity to banks through the discount window yesterday. The Hong Kong stock market opened slightly lower in the morning, with the Hang Seng Index opening down 102 points, initially dropping 177 points to a low of 25,758 points. The decline later narrowed to 30 points, closing down 63 points or 0.2% at 25,872 points; the Hang Seng China Enterprises Index fell 12 points or 0.1% to 9,094 points; the Hang Seng Tech Index dropped 11 points or 0.2% to 5,604 points. The total turnover of the market for the half-day was HKD 81.659 billion.

The Hang Seng Index company will change its constituent stocks after the market closes. The newly included Xinda Biologics (01801.HK) fell 2.8%, while Leapmotor (09863.HK), which will be included in the Hang Seng Tech Index next week, rose 2%. ASMPT (00522.HK), which will be removed from the Tech Index, fell 3.1%. YUM China (09987.HK), which will be included in the Hang Seng China Enterprises Index next week, fell 1.4%.

Robot concept stocks like UBTECH (09880.HK) and Sihai Zhikong (02050.HK) rose 2% and 2.9%, respectively, while Yujian (02432.HK) rose 4.5%. In other tech stocks, Alibaba (09988.HK) fell 0.3%, Tencent (00700.HK), Meituan (03690.HK), NetEase (09999.HK), and Bilibili (09626.HK) fell between 0.8% and 1%, JD.com (09618.HK) and Kuaishou (01024.HK) rose 0.2%, and Baidu (09888.HK) and Xiaomi (01810.HK) rose 1.1% and 1.5%. Dongfang Zhenxuan (01797.HK) rose 3.1%. In the chip sector, SMIC (00981.HK) rose 0.5%.

Swiss commodity trader Mercuria is reported to withdraw over 40,000 tons of copper from LME warehouses, leading to a rise in metal stocks. Jiangxi Copper (00358.HK) rose 5.4%, while Chalco (02600.HK) and Minmetals Resources (01208.HK) rose over 4%. Lomon Billions (03993.HK) and Zijin Mining (02899.HK) rose 3.4% and 2.3%, respectively.

In the automotive sector, Geely (00175.HK) and BYD (01211.HK) were slightly weaker, while Chang'an Automobile (02333.HK) fell 2%. Autonomous driving developers WeRide (00800.HK) and Pony.ai (02026.HK) rose 3.8% and 2.4%, respectively. Automotive radar system provider Hesai (02525.HK) rose 2.3%, and battery maker CATL (03750.HK) rose 1.8%. In the consumer sector, China Wangwang (00151.HK) rose 4.3%, while Taobo (06110.HK) fell 3.6%.

In the financial sector, HSBC (00005.HK) fell 0.3% to HKD 111.2, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) fell 0.6% and 1.2%, respectively China Ping An (02318.HK) rose 2.7%.

China Evergrande Group (01813.HK) fell 10.2%, as the company faces a liquidation hearing next Monday (8th). Shenzhou International Group Holdings Limited (02313.HK) fell 4.1%, as the bank downgraded its earnings forecast and target price. Wind power stock Goldwind (02208.HK) rose 6.4%, as the stock received a positive report from HSBC. In other stocks, construction machinery stocks Zoomlion Heavy Industry Science and Technology Co., Ltd. (01157.HK) and China Longgong (03339.HK) rose 4.3% and 3%, respectively, while export stock Techtronic Industries (00669.HK) rose 2.1%