In the Hong Kong stock market, the Hang Seng Index fell 27 points throughout the day, KUAISHOU-W dropped over 3%, while CSPC Pharmaceutical Group rose 7% against the trend

After four consecutive trading days of gains in the Hong Kong stock market, the Hang Seng Index opened 74 points higher this morning (23rd). Although it once rose by 125 points to a high of 25,927 points, the upward momentum weakened, and in the afternoon, it fell by 75 points to a low of 25,726 points, closing the day at 25,774 points, down 27 points or 0.11%; the National Index fell 25 points or 0.29%, closing at 8,913 points; the Hang Seng Tech Index fell 37 points or 0.69%, closing at 5,488 points. With the long holiday approaching, trading activity has turned quiet, with total market turnover for the day at HKD 157.131 billion.

Technology stocks showed mixed performance. KUAISHOU-W (01024.HK) faced a network attack on its live streaming function, which has gradually restored normal service, with its stock price falling 3.5% for the day, making it the worst-performing blue-chip stock. XIAOMI-W (01810.HK) fell 1.5%, as the company is set to release the Xiaomi 17 Ultra during Christmas, with Group President Lu Weibing stating that prices will definitely increase. TENCENT (00700.HK) fell 2%, Trip.com (09961.HK) fell 1.2%, and BAIDU-SW (09888.HK) fell 0.4%. Meanwhile, ALIBABA-W (09988.HK) rose 0.5%, MEITUAN-W (03690.HK) and JD-SW (09618.HK) each rose 0.4%, and SENSORY-W (00020.HK) continued to rise by 3.9%. Chip stocks like Hua Hong (01347.HK) fell 1.3%, while SMIC (00981.HK) closed flat at HKD 68.9.

Vanke (02202.HK) fell 2.3%, as its proposal to extend the principal of domestic bonds by one year was not approved. Peers like Xuhui (00884.HK) fell 3.6%, while Kaisa (01638.HK), R&F Properties (02777.HK), Country Garden (02007.HK), and Longfor (00960.HK) each fell between 1.2% and 2.3%.

In the automotive sector, Geely Automobile (00175.HK) completed the privatization of ZEEKR, with its stock price rising 0.2%. NIO-SW (09866.HK) fell nearly 1%. Seres (09927.HK), BYD (01211.HK), LI AUTO-W (02015.HK), and XPeng-W (09868.HK) fell between 0.7% and 1.4%. Automotive equipment stocks like Horizon-W (09660.HK) and Hesai-W (02525.HK) closed down between 2.6% and 3.9%.

Financial stocks remained stable, with HSBC (00005.HK) rising 0.8% to close at HKD 122.3, repeatedly hitting historical highs post-dividend. AIA (01299.HK) closed flat at HKD 82.65. Hong Kong Exchanges and Clearing (00388.HK) rose 0.1%. Ping An (02318.HK) rose 1.1%.

In individual stocks, Sanhua Intelligent Control (02050.HK) had its H-share base investment unlocked today, and it forecasted a net profit growth of 25% to 50% for the year, with its stock price initially rising before falling, closing down 6.6%. Cathay Pacific (00293.HK) expects strong performance in the second half of the year, with annual performance exceeding last year, and its stock price rose 7.2% As for Stone Pharmaceutical (01093.HK), it rose by 7.6%, making it the best-performing blue-chip stock, as the company's chairman purchased shares worth HKD 110 million yesterday. Other pharmaceutical stocks were relatively weak, with WuXi AppTec (02359.HK) and WuXi Biologics (02269.HK) closing down by 2% and 1% respectively, while Hansoh Pharmaceutical (03692.HK) and China National Pharmaceutical Group (01177.HK) fell by 1.9% and 1.4%.

According to reports, the Cheng family of New World plans to sell the Rosewood Hotel in London, and New World Development (00017.HK) slightly dipped by 0.1%. The China Resources Group rose against the trend, with China Resources Power (00836.HK), China Resources Mixc Lifestyle (01209.HK), and China Resources Land (01109.HK) all rising by over 1%