"Hong Kong Stocks" Hang Seng Index down 276 points in half a day, AI stocks decline, Xiaomi falls over 4%

In the market, U.S. President Donald Trump delivered a televised speech regarding Iran, mentioning that there will be extremely severe strikes against Iran in the next two to three weeks, causing Brent crude oil futures to rise. Hong Kong stocks fell along with external markets, with the Hang Seng Index opening down 39 points and the decline widening, closing down 276 points or 1.1% at 25,017 points; the National Index fell 83 points or 1% to 8,421 points; the Hang Seng Tech Index dropped 104 points or 2.2% to 4,651 points. The total turnover of the market for the half-day was HKD 116.197 billion.

In the oil sector, PetroChina (00857.HK) and CNOOC (00883.HK) rose by 1% and 0.8%, respectively, while in the coal sector, China Coal (01898.HK) increased by 3.5%. In the gold mining sector, Zijin Mining (02899.HK) fell by 1.7%, while Lingbao Gold (03330.HK) and China Gold International (02099.HK) dropped by 2.5% and 2.8%, respectively. In the resource sector, Jiangxi Copper (00358.HK) and Minmetals Resources (01208.HK) fell by 2.1% and 1.8%, while in the aluminum sector, Hongqiao (01378.HK) and Chalco (02600.HK) rose by 1.8% and 1.9%. In the aviation sector, China Southern Airlines (01055.HK), China Eastern Airlines (00670.HK), and Air China (00753.HK) fell by 3.6% to 4.9%.

In the automotive sector, BYD (01211.HK) fell by 2.2%, and Xiaomi (01810.HK) dropped by 4.1%. Chery's total sales last month increased by 15% year-on-year, while Chang'an Automobile (02333.HK) saw a year-on-year growth of 8% in the same period, and Geely (00175.HK) had total sales roughly flat year-on-year, with all three stocks rising between 5.6% and 7%. Seres (09927.HK) saw a 21% year-on-year increase in new energy vehicle sales in March, with its stock price falling by 2.8%. In the autonomous driving sector, Pony.ai (02026.HK) and Horizon Robotics (09660.HK) fell by 7.4% and 3.8%, respectively.

In the technology sector, Tencent (00700.HK) fell by 1.7% to HKD 488.4, and Alibaba (09988.HK) dropped by 3.5% to HKD 118.4. Kuaishou (01024.HK), Bilibili (09626.HK), and Meituan (03690.HK) fell by 2.8% to 3.1%, while JD.com (09618.HK) and Baidu (09888.HK) dropped by 1.4% and 1%, respectively. NetEase (09999.HK) fell by 0.5%. Ping An Good Doctor (01833.HK) and Xindong (02400.HK) fell by 3.3% and 4.2%. In the smartphone components sector, Sunny Optical (02382.HK) saw its target price cut by multiple brokerages, with its stock price rising by 5.6%. Lens Technology (06613.HK) and GoerTek (01415.HK) fell by 8.9% and 3.3%, respectively. In the electronics sector, Hongteng Precision (06088.HK) fell by 7.5% AI stock Zhipu (02513.HK) and MiniMax (00100.HK) fell 13.4% and 9.2%, respectively, while Inspur Intelligent (03696.HK) dropped 5%. Cloud service providers Kingsoft Cloud (03896.HK) and GDS Holdings (09698.HK) fell 4.5% and 4.2%. Chip stocks SMIC (00981.HK), Hua Hong (01347.HK), and Bairun (06082.HK) declined by 4.7% to 5.2%. Fiber optic stock Yangtze Optical Fibre and Cable (06869.HK) rose 5.1%. Robotics stocks Yujian (02432.HK) and SUTENG (02498.HK) fell 3.7% and 4.1%, while UBTECH (09880.HK) rose 3.2%.

In the financial sector, HSBC (00005.HK), Hong Kong Exchanges and Clearing (00388.HK), and AIA (01299.HK) fell 1.4% to 1.5%, while Standard Chartered (02888.HK) dropped 1.9%. In the consumer sector, Pop Mart (09992.HK) fell 2.1%, Mixue (02097.HK) dropped 2.6%, and Taobo (06110.HK) fell 6%, with Nike previously predicting a decline in sales in the mainland market. In the sports goods sector. Pharmaceutical stocks Hansoh (03692.HK), Innovent Biologics (09969.HK), and Kingsoft (01548.HK) rose 3.9% to 4.2%, while Luye Pharma (02186.HK) rose 5.5%.

In other stocks, domestic property stock Longfor (00960.HK) fell 3.7%, real estate stock Sun Hung Kai Properties (00016.HK) dropped 2.8%, and Yuehai Investment (00270.HK) fell 3.3%