"Hong Kong Stocks" The Hang Seng Index fell 109 points in the half-day session, shipping stocks weakened, and some mainland property stocks rebounded

The market is waiting for the Federal Reserve's interest rate decision. The Hong Kong stock market today (10th) opened softly. The Hang Seng Index opened up 1 point but then fell, dropping 176 points to a low of 25,257 points, closing down 109 points or 0.4% at 25,325 points; the National Index fell 45 points or 0.5% to 8,890 points; the Hang Seng Tech Index fell 37 points or 0.7% to 5,516 points. The total turnover of the market for the half day was HKD 95.743 billion.

In the tech sector, it was reported that Alibaba-W (09988.HK) established the Qianwen C-end business group, with the primary goal of turning Qianwen into a super app, and Alibaba rose 0.6%. Meituan-W (03690.HK) and Baidu-SW (09888.HK) rose 1.2% and 0.8%, while Tencent (00700.HK), JD-SW (09618.HK), and Kuaishou-W (01024.HK) fell 0.8% to 1%. Bilibili-W (09626.HK) and NetEase (09999.HK) fell 1.5% and 2%. In addition, QiuTai (01478.HK), Kingsoft Cloud (03896.HK), Ping An Good Doctor (01833.HK), and Yuewen (00772.HK) fell 3.5% to 4.1%, while NetEase Cloud Music (09899.HK) fell 5%. In the chip sector, SMIC (00981.HK) and HuaHong (01347.HK) fell 2.1% and 1.3%.

In the automotive sector, BYD (01211.HK) fell 1.1%, while Leapmotor (09863.HK), Nio-SW (09866.HK), and XPeng-W (09868.HK) fell 2.3% to 2.8%. Xiaomi-W (01810.HK) rose 0.2%. Geely (00175.HK) plans to establish a syndicate loan of up to USD 420 million for the privatization of ZEEKR (ZK.US), and Geely rose 0.9% to HKD 17.66. In the smart driving concept stocks, Pony.ai-W (02026.HK) rose 3.2%, while WeRide-W (00800.HK) fell 4.2%. In the battery sector, CATL (03750.HK) rose 0.9% to surpass HKD 500.

In the financial sector, HSBC (00005.HK) and AIA (01299.HK) fell 0.4%, while the Hong Kong Stock Exchange (00388.HK) fell 0.9%. In the domestic insurance sector, China Life (02628.HK) reported total premiums exceeding RMB 700 billion in the first 11 months, and China Life rose 0.3%. In the domestic banking sector, China Merchants Bank (03968.HK) fell 3.8%. In the domestic real estate sector, Agile (03383.HK) received a winding-up petition involving USD 18.59 million in unpaid debts, and Agile rose 1.6%. Peers China Jinmao (00817.HK) rose 6%, while R&F (02777.HK) and Yuanhang (03377.HK) rose 3.2% and 1.9% The Baltic Dry Index fell to a nearly two-week low, with Orient Overseas (00316.HK) and Pacific Basin Shipping (02343.HK) down 4.9% and 9.5%, respectively. Seaspan (01308.HK) and China COSCO Shipping Holdings (01919.HK) fell 1.9% to 2.5%. Extraordinary Leap (00933.HK) increased its stake in Li Ning (02331.HK) to 14.27%, totaling HKD 320 million, with Li Ning rising 1%. Extraordinary Leap rose 3.2%. Among pharmaceutical stocks, China Biologic Products (01177.HK), Kangji Medical (00867.HK), and CanSino Biologics (09926.HK) fell 2.5% to 3.3%, while Genscript (01548.HK) fell 3.8%, and Fosun Pharma (02196.HK) rose 3.8%. Meat product manufacturer WH Group (00288.HK) rose 3.5%