"Hong Kong Stocks" The Hang Seng Index closed down 570 points, oil and gold stocks rose, while airline and bank stocks were under pressure

The U.S. has conducted military strikes against Iran, causing oil prices to surge and stock markets in the Asia-Pacific region to decline. Hong Kong stocks fell in line with the external markets. The Hang Seng Index opened down 324 points, and the decline later expanded to 747 points, hitting a low of 25,882 points. It closed down 570 points or 2.1% at 26,059 points; the National Index fell 157 points or 1.8% to close at 8,701 points; the Hang Seng Tech Index dropped 148 points or 2.9% to close at 4,989 points. The total turnover for the day was HKD 357.679 billion.

Oil prices rose significantly, with PetroChina (00857.HK) and CNOOC (00883.HK) up 4.1% and 5.6%, respectively, and CNOOC Services (02883.HK) rising 7%. Among energy transportation stocks, COSCO Shipping Energy (01138.HK) increased by 7%. Gold prices also rose, with Shandong Gold (01787.HK) and Zhaojin (01818.HK) up 7.1% and 6%, respectively, and Zijin Mining International (02259.HK) rising 4.7%. Aluminum stocks, such as Hongqiao (01378.HK), increased by 7.2%.

Middle Eastern shipping routes were disrupted, leading to declines in airline stocks, with China Southern Airlines (01055.HK) and China Eastern Airlines (00670.HK) down 8.3% and 7.9%, respectively. Air China (00753.HK) and Cathay Pacific (00293.HK) fell 5.3% and 4.1%, respectively, while the duty-free store China Duty Free (01880.HK) dropped 3.9%. The U.S. dollar rose, causing declines in domestic property stocks, with Sunac (01918.HK) and Vanke (02202.HK) down 9.6% and 6.1%, respectively.

The market is once again focusing on the private credit market, leading to declines in financial stocks. HSBC Holdings (00005.HK), BOC Hong Kong (02388.HK), and Standard Chartered (02888.HK) fell between 4.7% and 6.5%. Hong Kong banks Agricultural Bank of China (01288.HK), China Construction Bank (00939.HK), and Bank of China (03988.HK) dropped 2.4% to 2.8%. Domestic insurance stocks, including China Pacific Insurance (02601.HK), China Life (02628.HK), and ZhongAn (06060.HK), fell between 3.4% and 5%. Brokerage stocks, such as China Galaxy (06881.HK) and GF Securities (01776.HK), declined 4.2% and 4.9%, respectively, while CITIC Securities (06030.HK) fell 3.9%.

In the technology sector, Tencent (00700.HK) and NetEase (09999.HK) fell 0.8% and 1.1%, respectively, while Kuaishou (01024.HK), Meituan (03690.HK), JD.com (09618.HK), Baidu (09888.HK), Alibaba (09988.HK), and Bilibili (09626.HK) dropped between 3.4% and 4.5%. Additionally, Ping An Good Doctor (01833.HK) fell 8%, while JD Health (06618.HK), Chinasoft (00354.HK), Kingdee (00268.HK), Weimob (02013.HK), Jinsoft (03888.HK), Kingsoft Cloud (03896.HK), and GDS Holdings (09698.HK) dropped between 4.9% and 6.2%. AI stocks, including iFlytek (09678.HK) and SenseTime (00020.HK), fell 11.2% and 9.4%, respectively, while Paradigm Intelligence (06682.HK), Zhihui (02513.HK), Envision (03696.HK), and Jingtao (02228.HK) dropped between 4.3% and 6% Chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) fell by 5% and 3.9%, respectively, while Innovent Biologics (02577.HK) and Bairun (06082.HK) dropped by 7.1% and 9.4%. Days Smart Chip (09903.HK) fell by 11%. Mobile component stocks AAC Technologies (02018.HK) and Sunny Optical (02382.HK) decreased by 4.8% and 5.1%, respectively, while Lens Technology (06613.HK) fell by 7.8%. Wire stocks Yangtze Optical Fibre and Cable (06869.HK) rose by 11.6%. Robotics stocks Yujian (02432.HK) fell by 6.6%, while UBTECH (09880.HK) and SUTENG (02498.HK) dropped by 4.5% and 4.2%.

Pharmaceutical stocks Heng Rui (01276.HK), WuXi Biologics (02269.HK), and BeiGene (06160.HK) fell by 3.7% to 3.8%. Automotive stock BYD (01211.HK) will hold a disruptive technology launch on Thursday (5th), with its stock price rising by 4.4%. Xiaomi (01810.HK) fell by 5%, and Seres (09927.HK) dropped by 3.4%. Autonomous driving stock Pony.ai (02026.HK) fell by 7.6%, while autonomous driving chip maker Horizon Robotics (09660.HK) dropped by 5.2%.

Xinyi Glass (00868.HK) reported a net profit of 2.729 billion RMB last year, down 19%, with a final dividend increased to 21.5 HK cents, and its stock price rose by 12.4%. Xinyi Solar (00968.HK) reported a net profit of 845 million RMB last year, down about 16%, with a dividend of 0.8 HK cents, and its stock price fell by 4%. New World (00017.HK) narrowed its interim loss to 3.73 billion, with its stock price falling by 6.9%. Macau's gaming gross revenue rose by 50% year-on-year in February, with gaming stocks Galaxy Entertainment (00027.HK) falling by 3.9% along with the market