"Hong Kong Stocks" The Hang Seng Index rose 61 points throughout the day, with a preference for gambling stocks, while Nio fell over 6%

After opening 155 points higher, the Hang Seng Index once rose 230 points to a high of 26,264 points, but due to weak momentum, it fell 43 points in the afternoon to a low of 25,989 points. It later regained its upward trend, reclaiming the 26,000-point level, and closed the day at 26,095 points, up 61 points or 0.2%, marking two consecutive days of gains; the Hang Seng China Enterprises Index also rose 9 points or 0.1%, closing at 9,182 points; the Hang Seng Tech Index fell 20 points or 0.4%, closing at 5,624 points. The total turnover of the market for the day was HKD 178.247 billion.

Macau's November gaming revenue exceeded expectations, and gaming stocks received support from major institutions. Galaxy Entertainment (000027.HK) rose 2.8% for the best-performing blue-chip stock of the day. Sands (01928.HK) and MGM China (02282.HK) both rose 2.1%. SJM Holdings (00880.HK), Melco International (00200.HK), and Wynn Macau (01128.HK) each rose between 0.8% and 1.8%.

In the tech sector, Alibaba (09988.HK) granted 6.1158 million shares as rewards according to its 2024 plan, and Qwen-Image updated its first access to the Qianwen APP, with its stock price rising 1.4% for the day. Tencent (00700.HK) fell 0.4%. Kuaishou (01024.HK) launched "Kuailing O1" with its AI, and its stock price rose 0.9%. Baidu (09888.HK) and NetEase (09999.HK) rose 0.1% and 0.9%, respectively.

Meituan (03690.HK) fell 3.1%, with China Merchants Securities estimating a core local business operating loss of RMB 11.8 billion for Meituan in the last quarter. JP Morgan also indicated that competition for Meituan is intensifying and profit visibility is declining, lowering its target price to HKD 95.

JD.com (09618.HK), Bilibili (09626.HK), and SenseTime (00020.HK) fell between 0.9% and 1.8%. In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) fell 1.2% and 2.8%, respectively.

In the automotive sector, Xiaomi (01810.HK) rose nearly 1%, with Xiaomi Auto's delivery volume exceeding the annual target of 350,000 vehicles set at the beginning of the year. BYD (01211.HK) saw its November new energy vehicle sales decline 5.3% year-on-year to 480,000 units, but rose 8.7% month-on-month, also exceeding Citigroup's expectations, stimulating its stock price to rise 2.2% to close at HKD 100.1, returning to "red bottom stocks."

Geely (00175.HK) fell 0.6%, with total sales in November increasing 24% year-on-year to 310,400 units. Li Auto (02015.HK) fell 0.8%, with China Merchants Securities International rating it as "neutral" due to a lack of strong catalysts in the next four months. XPeng (09868.HK) fell 5.5%, with November deliveries of 36,700 units down over 12% month-on-month. Nio (09866.HK) fell 6.7%, with November deliveries of 36,300 vehicles up 76.3% year-on-year but down 10.2% month-on-month; Reports indicate that the rear part of a Nio EC6 in Shanghai broke off after a collision.

It is reported that Intel is expected to supply entry-level M series chips to Apple as early as 2027. Apple-related stocks remained stable, with Sunny Optical Technology (02382.HK) rising 0.3%, BYD Electronics (00285.HK) rising 1.8%, AAC Technologies (02018.HK) rising nearly 4%, and Q Technology (01478.HK) rising 1.7%.

ZTE (00763.HK) fell 5.6% for the day. Reports suggest that ByteDance is partnering with ZTE to "test the waters" for AI phones, granting AI operating system-level permissions. However, Morgan Stanley pointed out that the OEM options for "Doubao" AI phones are limited, making it difficult to build an ecosystem.

In the financial sector, HSBC (00005.HK) rose 0.5%. Hong Kong Exchanges and Clearing (00388.HK) fell 0.6%. AIA (01299.HK) rose 0.4%. In individual stocks, 3SBio (01530.HK) fell 4.6%, as the company plans to raise nearly HKD 3.09 billion through a 6.5% discounted placement. It is reported that Vanke (02202.HK) is seeking a one-year extension to repay a RMB 2 billion domestic bond due in mid-month, with its stock price rising 3.7%. Kaisa Group (01638.HK) is seeking consent for its notes, proposing to pay the minimum interest at a premium of 3.13 times in shares instead of cash, with its stock price falling 3.3%. Dongfang Zhenxuan (01797.HK) stated that the addition of new takeaway-related businesses is a normal operational adjustment, with its stock price falling 3.4%