"Hong Kong Stocks" The Hang Seng Index fell 26 points in the half-day session, Baidu rose over 4%, and ASMPT increased by 6%

U.S. President Trump claimed to have reached a framework consensus with NATO regarding the Greenland agreement, leading to a rise of over 1% in the three major U.S. stock indices on the evening of the 21st. The Hong Kong stock market was volatile in the morning session. The Hang Seng Index opened 165 points higher, initially rising 194 points to 26,779 points before reversing and dropping 86 points to a low of 26,499 points, closing down 26 points or 0.1% at 26,558 points; the National Index fell 30 points or 0.3% to 9,091 points; the Hang Seng Tech Index dropped 23 points or 0.4% to 5,722 points. The total turnover of the market for the half-day was HKD 131.628 billion.

Memory chip stocks surged sharply, with Japanese memory chip cutting machine manufacturer DISCO (6146.JP) hitting the ceiling, and chip equipment stock ASMPT (00522.HK) rising 6% to close at HKD 107.9. In the chip sector, SMIC (00981.HK) retraced 0.7%, Hua Hong (01347.HK) rose 2%, Innovent Biologics (02577.HK) and Will Semiconductor (06082.HK) increased by 3.6% and 3.2%, respectively, while Tianjin Zhonghuan (09903.HK) surged 14.2%. Kingdee (00268.HK) is expected to turn a profit of RMB 60 million to 100 million last year, with revenue increasing by approximately 11.1% to 12.7%, and its stock price rose 3.2%. Baidu (09888.HK) rose 4.2% to HKD 160.1, with JP Morgan expecting Baidu's revenue and adjusted earnings to improve quarter-on-quarter in the fourth quarter of last year, raising the target price to HKD 195.

In other tech stocks, Tencent (00700.HK) and Meituan (03690.HK) fell 0.8% and 0.9%, respectively, NetEase (09999.HK) dropped 1.4%, while Alibaba (09988.HK) and JD.com (09618.HK) rose 0.4%. Kuaishou (01024.HK) fell 0.1%, and Bilibili (09626.HK) rose 1.6%. Additionally, Ping An Good Doctor (01833.HK) and JD Health (06618.HK) fell 3% and 2.8%, respectively. AI stocks Yunzhi Voice (09678.HK) and Paradigm Intelligence (06682.HK) dropped 7.7% and 3.8%, while Envision Intelligent (03696.HK) rose 5%.

In the automotive sector, BYD (01211.HK) fell 0.5%, Xiaomi (01810.HK) and XPeng (09868.HK) dropped 1.8% and 2.6%, respectively, while battery stock CATL (03750.HK) fell 4.5%, and automotive parts stock Minth Group (00425.HK) rose 10.7%. Machinery stocks Yujian (02432.HK) and UBTECH (09880.HK) fell 3.4% and 2.9%, respectively. Pharmaceutical stocks generally declined, with CSPC (01093.HK), Xiansheng (02096.HK), and Rongchang (09995.HK) dropping 3% to 3.2%, while Kelun-Biotech (06990.HK), Nuo Cheng Jian Hua (09969.HK), and Sanofi (01530.HK) fell 3.9% to 4.5% Ying'en (09606.HK) and Kingsray (01548.HK) fell 5.5% and 6.3%.

In the financial sector, HSBC (00005.HK) rose 0.5%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) fell 0.2%. Domestic insurance stocks China Taiping (00966.HK), Ping An (02318.HK), and ZhongAn Online (06060.HK) fell 2% to 2.1%. Gold and silver prices retreated from their highs, with China Silver (00815.HK) and Zhaojin (01818.HK) down 4.3% and 4.5%, and Zijin (02899.HK) and Lingbao (03330.HK) down 3.4% and 3.5%. Jewelry stock Chow Tai Fook (01929.HK) reported a 17.8% year-on-year increase in retail value last quarter, with its stock price rising 1.5%.

In the oil sector, Sinopec (00386.HK), PetroChina (00857.HK), and CNOOC (00883.HK) each rose over 3%, while oil service stock CNOOC Services (02883.HK) rose 4.2%. The International Energy Agency has raised its forecast for global oil demand in 2026 by 194,000 barrels per day, marking the third consecutive upward revision.

In other stocks, property stocks Sun Hung Kai Properties (00016.HK) and Wharf Real Estate Investment (01997.HK) rose 3.7% and 4.3%. CK Hutchison (00001.HK) has yet to make a decision on the independent listing of its telecommunications or retail businesses, with the stock rising 0.8% in early trading. MicroPort Scientific (02252.HK) expects its revenue to more than double last year, with adjusted losses narrowing by 50%, and its stock price rose 3.2% in half a day. China Hanking (03788.HK) raised a net amount of 770 million yuan through a placement at a discount of over 18%, with the stock falling 1.5%