"Hong Kong Stocks" The Hang Seng Index fell 340 points in the half-day, commodity stocks declined, and AIA dropped over 4%

The commodity market has once again fluctuated, with spot silver in the Asian morning market dropping over 16% and currently down over 12%. The Hong Kong stock market opened lower, with the Hang Seng Index opening down 219 points, narrowing its initial decline to 129 points, reaching a high of 26,717 points before falling again, at one point down 436 points to a low of 26,410 points, closing down 340 points or 1.3% at 26,506 points; the National Index fell 87 points or 1% to 8,960 points; the Hang Seng Tech Index fell 62 points or 1.2% to 5,304 points. The total turnover of the market for the half-day was HKD 168.251 billion.

Tencent (00700.HK) saw its stock price drop 2.9% to HKD 542, with a turnover of HKD 24.438 billion. In the tech sector, Baidu (09888.HK) plans to repurchase USD 5 billion in shares and will announce its first dividend this year, with its stock price rising 0.9%. Alibaba (09988.HK) fell 2.4%, Meituan (03690.HK) and JD.com (09618.HK) fell 0.4% and 0.7%, respectively, NetEase (09999.HK) fell 1.6%, Kuaishou (01024.HK), Bilibili (09626.HK), and Tencent Music (01698.HK) fell between 3.2% and 3.4%, while New Oriental (09901.HK) and GDS Holdings (09698.HK) fell 4.4% and 6.7%. AI stocks such as CloudWalk (09678.HK) and Zhizhu (02513.HK) fell over 4%, and MINIMAX (00100.HK) fell 9.9%.

Gold and silver stocks declined, with China Silver (00815.HK), China Gold International (02099.HK), Zijin Gold International (02259.HK), and Zijin (02899.HK) falling between 5.9% and 7.5%. Shandong Gold (01787.HK), Zhaojin (01818.HK), and Lingbao (03330.HK) fell between 4% and 5.3%. Resource stocks Jiangxi Copper (00358.HK), Minmetals Resources (01208.HK), and Luoyang Molybdenum (03993.HK) fell between 8.1% and 9.2%. Hongqiao (01378.HK) and Chalco (02600.HK) fell 4.8% and 6.3%. The market is once again optimistic about negotiations between the U.S. and Iran, leading to a softening of oil prices in the Asian morning market, with Sinopec (00386.HK) and PetroChina (00857.HK) falling 2.9% and 2.5%, respectively. In other energy stocks, uranium mining stock China General Nuclear Power (01164.HK) fell 9.1%, coal stock Shougang Resources (00639.HK) fell 8.1%, and Yanzhou Coal (01171.HK) fell 3.1%.

Financial stocks fell, with HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) down 1.4% and 2.1%, respectively, AIA (01299.HK) down 4.4%, and Standard Chartered (02888.HK) down 3%. The Shanghai Composite Index fell over 1%, with domestic insurance stocks China Taiping (00966.HK), Ping An (02318.HK), Taikang (02601.HK), and China Life (02628.HK) down between 2.6% and 3.7%.

In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) fell 3.4% and 5.8%, respectively, while chip equipment stock ASMPT (00522.HK) fell 8.2% Mobile component stocks Gao Wei (01415.HK) and Lens Technology (06613.HK) fell by 5.9% and 5.4%, respectively, while wire stock Changfei Fiber Optics (06869.HK) dropped by 8.7%.

Car stocks BYD (01211.HK) and Xiaomi (01810.HK) rose by 0.9% and 0.6%, respectively, while autonomous driving stocks WeRide (00800.HK) and Pony.ai (02026.HK) fell by 5.6% and 6%. Battery stock CATL (03750.HK) decreased by 3.5%, and automotive parts stocks Sanhua Intelligent Control (02050.HK) and Hongteng (06088.HK) each fell by 4.1%. Lithium futures dropped by 11%, and lithium stocks Tianqi (09696.HK) and Ganfeng (01772.HK) fell by 12.8% and 7.8%. Pharmaceutical stock Innovent Biologics (01801.HK) saw a 45% increase in product revenue last year, surpassing 10 billion RMB for the first time, but the stock fell by 3.7%. Hansoh Pharmaceutical (03692.HK) and 3SBio (01530.HK) fell by 3.6%, while Heng Rui (01276.HK) rose by 2.4%.

The European Union announced an investigation into Goldwind (02208.HK), causing Goldwind to drop by 5.2%. Photovoltaic stock Xinyi Solar (00968.HK) fell by 3.9%. Restaurant stock Yum China (09987.HK) reported a net profit of $140 million in the fourth quarter of last year, an increase of 22%, with a dividend of 29 cents per share, leading to a 9.3% rise in stock price. Credit Suisse noted that Yum China's same-store sales grew by 3% last quarter, marking the best performance in two years, which boosted restaurant profit margins by 70 basis points. Domestic property stock New World (01030.HK) fell by 13.9%, as the company offered a nearly 15% discount on a rights issue to raise a net amount of 468 million RMB. ZTO Express (02057.HK) is expected to see a year-on-year revenue growth of about 9.5% to 12.9%, with gross profit decreasing by about 8.5% to 11.4%, and the stock rose by 2.3%. Other stocks include Haitian Flavoring (03288.HK) rising by 5.2%, while New World (00017.HK) fell by 5%