"Hong Kong Stocks" The Hang Seng Index fluctuated and rose 54 points in the half-day session, with Tencent and Kuaishou under pressure, while bank and real estate stocks rose

The Dow Jones Industrial Average in the US rose 515 points or 1.1% the night before (2nd). The Hong Kong stock market was volatile in the morning, with the Hang Seng Index opening up 220 points, initially rising 350 points to a high of 27,126 points before declining, at one point falling 343 points to a low of 26,431 points. Before noon, it recovered, closing up 54 points or 0.2% at 26,830 points; the National Index fell 19 points or 0.2% to 9,060 points; the Hang Seng Tech Index fell 72 points or 1.3% to 5,453 points. The total turnover of the market for the half day was HKD 195.285 billion.

In the tech sector, Tencent (00700.HK) and Baidu (09888.HK) fell 3.1% and 3.5%, with Tencent's half-day turnover nearing HKD 26 billion. Alibaba (09988.HK) and Meituan (03690.HK) fell 1.8% and 1.7%, while Kuaishou (01024.HK) and Bilibili (09626.HK) fell 4.4% and 4%. NetEase (09999.HK) and JD.com (09618.HK) fell 0.3% and 0.5%. Additionally, New Oriental (09901.HK) and GDS (09698.HK) rose 2.9% and 4.4%. Meitu (01357.HK), Yueda (00772.HK), and Xindong (02400.HK) fell 2.7% to 4.3%, while Weimob (02013.HK) fell 5.3%.

In the AI sector, CloudWalk (09678.HK) had a 17.7% discount on its placement, raising a net of HKD 307 million, with its stock price falling 2.9%. Zhizhu (02513.HK), Envision (03696.HK), and MINIMAX (00100.HK) surged 10% to 13%. In the chip sector, SMIC (00981.HK) fell 0.9%, Hua Hong (01347.HK) rose 2.5%, and Naura (02676.HK) rose 9%. Chip equipment stocks ASMPT (00522.HK) rose 4.6%. Mobile component stocks GoerTek (01415.HK) and QiuTai (01478.HK) rose 8.8% and 6.2%.

In the automotive sector, BYD (01211.HK) and XPeng (09868.HK) fell 1.9%, while Xiaomi (01810.HK) and Nio (09866.HK) fell 1.1% and 2.1%. In the pharmaceutical sector, CSPC (01093.HK), WuXi Biologics (02269.HK), and BeiGene (06160.HK) rose 2.8% to 4.2%, while Sanofi (01530.HK), Yingen (09606.HK), and Innovent (09969.HK) fell 2.5% to 3.3%.

Bank stocks rose, with HSBC (00005.HK) and Bank of China Hong Kong (02388.HK) rising 2.5% and 2.3%, and Standard Chartered (02888.HK) rising 3.8% Mainland stock market rebounds, with China Pacific Insurance (00966.HK) and China Life (02628.HK) rising 4.1% and 2.5%. Brokerage stock Huatai (06886.HK) plans to issue HKD 10 billion zero-coupon convertible bonds, with its stock price falling 8.3%. In other financial stocks, Hong Kong Exchanges and Clearing (00388.HK) fell 0.6%, while AIA (01299.HK) rose 1.2%. Commodity prices rose during the Asian session, with China Silver (00815.HK), Zijin Mining (02259.HK), Lingbao (03330.HK), and Luoyang Molybdenum (03993.HK) rising 3.1% to 4.1%.

Local real estate stocks Henderson Land (00012.HK), Sun Hung Kai Properties (00016.HK), and Swire Properties (01972.HK) rose 2.2% to 2.8%, while Sino Land (00083.HK) rose 3.4%. Utility stocks Hong Kong and China Gas (00003.HK) and MTR Corporation (00066.HK) rose 2.7% and 3.6%. Local conglomerate stocks CK Hutchison (00001.HK) and Swire A (00019.HK) rose 4.1% and 3.2%.

In other stocks, Pop Mart (09992.HK) rose 3.1%, airline stock China Eastern Airlines (00670.HK) rose 4.6%, and gaming stocks Galaxy Entertainment (00027.HK) and Wynn Macau (01128.HK) rose 3.9% and 3.4%. Lithium stocks Tianqi Lithium (09696.HK) and Ganfeng Lithium (01772.HK) rose 3.5% and 4.2%. Goldwind (02208.HK), Flat Glass (06865.HK), and Zoomlion (01157.HK) rose 5.7% to 7.2%, while China National Building Material (03323.HK) rose 4.2%. Dongpeng Beverage (09980.HK) debuted at HKD 248, unchanged from its listing price