"Hong Kong Stocks" Hang Seng Index closed down 76 points, AI and chip stocks weakened, POP MART surged 9%

Trump's threat to implement the "Greenland Tariff" triggered a decline in U.S. stock futures, while Hong Kong stocks continued to weaken. The Hang Seng Index opened down 19 points, initially rising 74 points to a high of 26,638 points before falling, at one point dropping 200 points to a low of 26,363 points, closing down 76 points or 0.3% at 26,487 points; the National Index fell 39 points or 0.4% to close at 9,094 points; the Hang Seng Tech Index fell 66 points or 1.2% to close at 5,683 points. The total market turnover for the day was HKD 237.766 billion.

In major tech stocks, Tencent (00700.HK) and Meituan (03690.HK) each fell 1.5% and 1.2%, Alibaba (09988.HK) and Kuaishou (01024.HK) fell 0.4% and 0.9%, JD.com (09618.HK) and Bilibili (09626.HK) rose 0.1% and 0.7%, NetEase (09999.HK) fell 0.1%, and Baidu (09888.HK) rose nearly 1%. Additionally, Weimob (02013.HK) rose 2.6%, while Xindong (02400.HK) fell 4.2%. In AI-related stocks, Zhizhu (02513.HK) fell 7.4%, and MINIMAX (00100.HK) rose 3.2%. Mobile component stocks weakened in the afternoon, with AAC Technologies (02018.HK) and Sunny Optical (02382.HK) falling over 3%, BYD Electronics (00285.HK) and QiuTai (01478.HK) falling 2.7% and 2.6%.

In chip stocks, SMIC (00981.HK), Innoscience (02577.HK), Bairun (06082.HK), and TianShu Intelligent Chip (09903.HK) fell 3% to 3.6%, while HuaHong (01347.HK) fell 1.9%. Robotics stock UBTECH (09880.HK) fell 3.7%. In automotive stocks, BYD (01211.HK) and Xiaomi (01810.HK) fell 3.7% and 2.7%, while automotive parts stock Nexperia (01316.HK) fell 3.7%. In telecommunications equipment, ZTE (00763.HK) fell 2.7%. In pharmaceuticals, HengRui (01276.HK) and WuXi AppTec (02359.HK) fell over 4%, while Hansoh (03692.HK), WuXi AppTec (02268.HK), and Innovent Biologics (01801.HK) fell 2.4% to 3.3%.

Consumer stocks rose, with POP MART (09992.HK) repurchasing 1.4 million shares for HKD 251 million for the first time in two years, with the stock price jumping 9.1% to HKD 197.2, with a turnover of HKD 5.879 billion. The mainland has extended the implementation period of the personal consumption loan interest subsidy policy until the end of this year, with YiHai (01579.HK), MaoGePing (01318.HK), and MiXue (02097.HK) rising 3.6% to 4.6%. Airline stocks China Southern Airlines (01055.HK), China Eastern Airlines (00670.HK), and Air China (00753.HK) rose 3.7% to 4.6% China Duty Free Group (01880.HK) rose 3.7%. Beer stock China Resources Beer (00291.HK) rose 3.3%, and jewelry retail stock Luk Fook (00590.HK) rose another 4.6%.

In the financial sector, HSBC (00005.HK) rose 1.1% to HKD 128.4, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) fell 1.1% and 0.1%. Domestic insurance stocks China Life (02628.HK) and China Taiping (00966.HK) rose 4.3% and 4.4%. Gold and silver prices hit new highs again, with China Silver (00815.HK) and Shandong Gold (01787.HK) rising 2.9% and 2.7%, and Zijin Mining International (02259.HK) rising 5.5%. China Molybdenum (03993.HK) issued USD 1.2 billion convertible bonds at a premium of 28.7%, and the stock fell 1%. Domestic property stocks Sunac (01109.HK) and Greentown China (03900.HK) rose 3.7% and 5.6%, while China Overseas (00688.HK) rose 2.6%, and property management stock China Resources Mixc (01209.HK) rose 2.9%. Steel and cement stocks rose, with Maanshan Iron & Steel (00323.HK) rising 4.5%, and Anhui Conch Cement (00914.HK) and China National Building Material (03323.HK) rising 3.6% and 4.1%.

New World Development (00017.HK) fell 10.6% to HKD 9.9. Wind power stock Goldwind Technology (02208.HK) fell 3.5%. CIMC Enric (03899.HK) raised HKD 774 million through a 7.7% discounted placement, and the stock price fell 2.9%