The Hang Seng Index fell 270 points in the half-day session, with ATM leading the decline. The three major oil companies dropped, while precious metal stocks rose against the trend | Hong Kong stock market opening

The Hang Seng Index opened 108 points lower this morning and continued to decline, at one point dropping 302 points to a low of 26,408 points. As of noon, it reported 26,439 points, down 270 points or 1.01%, with a turnover of HKD 148.5 billion. In terms of the Tech Index, it reported 5,729 points at noon, down 95 points or 1.65%. Among the heavyweight blue-chip stocks, "ATM" led the market decline, with Alibaba (9988) and Tencent (700) falling 4% and 2% respectively. Meituan (3690) also dropped 2.2%, and together with HSBC (005), which fell 1.3%, these four stocks dragged the Hang Seng Index down by 175 points. Mainland China Strengthens Supervision of Live E-commerce On the news front, the State Administration for Market Regulation and the Cyberspace Administration jointly issued the "Regulations on the Supervision and Management of Live E-commerce," strengthening the supervision and management of live e-commerce, protecting the legitimate rights and interests of consumers and operators, and promoting the healthy development of live e-commerce. The regulations specifically state that operators of online trading platforms must not force or indirectly force operators on the platform to sell goods or provide services at prices below cost according to their pricing rules, disrupting market competition order. In addition to the decline of "ATM," JD.com (9618) fell 1.5%, and Kuaishou (1024) also dropped 2.8%. Furthermore, BYD (1211) also fell 3.4% at midday, making it one of the poorer-performing blue chips. International oil prices are declining, and due to the political situation in Venezuela, PetroChina (857) and CNOOC (883) both fell 3.2% and 2.8% respectively. Sinopec (386) also dropped 1.5%. However, precious metal-related stocks continue to be favored, with Luoyang Molybdenum (3993) rising 5.7% at midday; Rusal (486) up 5.5%; China Hongqiao (1378) up 3.8%; Chalco (2600) up 3%; and Zijin Mining (2899) also up 1.5%. ————— In the precious metals market and the semiconductor storage frenzy, the three major U.S. stock indexes continued to rise on Tuesday, with both the Dow and S&P hitting new intraday and closing highs. The Dow closed up 484 points or 0.99%, at 49,462 points; the S&P rose 42 points or 0.62%, at 6,944 points; and the Nasdaq increased by 151 points or 0.65%, at 23,547 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it retreated 0.78% to 7,836 points on Tuesday. Gold and Silver Prices Rise, Oil Prices Decline Geopolitical tensions continue to drive gold prices upward, rising over 1% on Tuesday to USD 4,494, and even reaching USD 4,500 this morning; silver prices surged over 6% on Tuesday to USD 81.27, approaching the historical high of USD 84.015. Additionally, oil prices fell by about 2%, with New York crude oil reported at USD 57.13 per barrel, and London Brent crude at USD 60.7 per barrel. SanDisk Surges Over 27% in One Day, Setting New High On the other hand, the demand and prices for memory chips continue to rise, making storage-related stocks the market focus. SanDisk (SNDK) surged over 27% on Tuesday to USD 349.63, setting a new high since its listing; Western Digital (WDC) rose nearly 17%; Seagate Technology (STX) rose 14%; Micron Technology (MU) also rose by 10%. Xiaomi's new generation SU7 expected to launch in April this year In the Hong Kong stock market, the Hang Seng Index opened down 108 points this morning, reporting 26,601 points. Tech stocks showed mixed developments, with Alibaba (9988) opening down 2.45%; Tencent (700) rose 0.8%; Meituan (3690) remained unchanged; JD.com (9618) rose 0.35%. As for Xiaomi (1810), it announced the new generation SU7 is expected to launch in April this year, with the stock opening at HKD 38.76, unchanged. Weimob reaches cooperation with Alibaba's Taobao Flash Sale In addition, Weimob (2013) has reached a strategic cooperation with Alibaba Group's local life service platform Taobao Flash Sale, and both parties will engage in business cooperation and exploration in areas such as instant retail, digital marketing, and technological innovation. Subsequently, Weimob will create an integrated solution for local retail to home and store, promoting Weimob customers to operate on the Taobao Flash Sale platform; Weimob will also enter the Taobao Flash Sale marketing business to expand the space for merchant solutions. The stock opened up over 7%, reporting HKD 2.12. Related stocks in non-ferrous metals continued to perform well, with China Hongqiao (1378) rising 1.5%; Shandong Gold (1787) rising 1.4%; Jiangxi Copper (358) and Zijin Mining (2899) also rose over 1%. Mao Geping faces share reduction by controlling shareholders within 6 months In individual stock news, Mao Geping (1318) announced that it received a notice of share reduction plan from controlling shareholder and executive director Mao Geping, along with Wang Liqun, executive directors Mao Nipin, Mao Huiping, Wang Lihua, and Song Hong. The aforementioned individuals plan to reduce their holdings of no more than 17.2 million H shares, or no more than 3.51% of the issued shares, mainly through block trades within the next 6 months. The stock opened at HKD 81.75, down about 0.3%. Regarding the northbound capital flow, there was a net purchase of HKD 2.879 billion in Hong Kong stocks yesterday, with Ping An (2318), Alibaba (9988), and China Life (2628) receiving net purchases of HKD 1.84 billion, HKD 1.619 billion, and HKD 588 million respectively; while China Mobile (941), Tencent (700), and Hua Hong Semiconductor (1347) faced net sales of HKD 875 million, HKD 804 million, and HKD 208 million respectively