"Hong Kong Stocks" The Hang Seng Index closed down 78 points, Hua Hong rose 7% to become a red-chip stock, and Pop Mart fell over 5%

The People's Bank of China announced on the 15th to lower the interest rates of various structural monetary policy tools, leading to a rise and then a fall in Hong Kong stocks. The Hang Seng Index opened 171 points higher this morning, initially rising 252 points to 27,176 points before retreating. In the afternoon, it fell 182 points to 26,741 points, closing down 78 points or 0.3% at 26,844 points; the National Index fell 46 points or 0.5% to close at 9,220 points; the Hang Seng Tech Index fell 6 points or 0.1% to close at 5,822 points. The total turnover of the market for the day was HKD 255.079 billion.

In the tech sector, Kuaishou (01024.HK) issued USD 1.5 billion and RMB 3.5 billion in senior notes, with its stock price falling 1.5%. Alibaba (09988.HK) and NetEase (09999.HK) rose 1%, Bilibili (09626.HK) rose 1.8%, while Tencent (00700.HK), Meituan (03690.HK), and Baidu (09888.HK) fell between 0.4% and 0.8%, and JD.com (09618.HK) fell 1.3%. Additionally, Alibaba Health (00241.HK) and Tencent Music (01698.HK) fell 5.2% and 4.7%, respectively. The National Internet Information Office stated that platforms like Autohome (02518.HK) are conducting irregular evaluations that disrupt the automotive market order, causing Autohome to drop 2.1%.

In AI-related stocks, Yunzhisheng (09678.HK) fell 6.6%, Zhizhu (02513.HK) rose 3.7%, and MINIMAX (00100.HK) surged 22.3%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) rose 2.4% and 7.4%, respectively, with Hua Hong surpassing 100 HKD. Chip equipment manufacturer ASMPT (00522.HK) rose 2.7%. Lens Technology rose 4.3%, as the company previously stated it has delivered humanoid robots in bulk to several leading robotics clients. Fiber optic cable stock Changfei (06869.HK) rose 5.9%. During the "14th Five-Year Plan" period, the State Grid's fixed asset investment reached RMB 4 trillion, with Harbin Electric (01133.HK) and Dongfang Electric (01072.HK) rising 5.8% and 4.9%, respectively.

In the automotive sector, Nio (09866.HK) CEO Li Bin stated that the company delivered 40,000 ES8s last quarter and is expected to achieve its profit target, with its stock price rising 1.6%. Xiaomi (01810.HK) launched a seven-year low-interest car purchase plan, with its stock price falling 2%. BYD (01211.HK) rose 0.1% to HKD 99.2. Li Auto (02015.HK) and Leapmotor (09863.HK) fell 2.3% and 4.2%, respectively. Autonomous driving radar system provider Hesai (02525.HK) rose 5.5%, while automotive parts stocks Nexperia (01316.HK) and Sanhua Intelligent Control (02050.HK) rose 3.1% and 2.7%, respectively. Lithium stocks Tianqi (09696.HK) and Ganfeng (01772.HK) fell 3% and 4.9%, respectively According to reports, CK Hutchison (00001.HK) is seeking to list Watsons in Hong Kong and London as early as next quarter, with a target valuation of USD 30 billion. CK Hutchison rose 1.8% to HKD 60.5. WuXi Biologics (02269.HK) major shareholder Biologics reduced its stake at a discount of 3.7%, raising over RMB 5.7 billion. WuXi Biologics fell 0.6%, while its affiliate WuXi AppTec (02268.HK) dropped 2.8%. In the financial sector, HSBC (00005.HK) rose 0.2%, Hong Kong Exchanges and Clearing (00388.HK) fell less than 0.1%, and AIA (01299.HK) dropped 1.5%.

Shipping company Maersk's vessels have resumed passing through the Red Sea, raising market concerns about declining shipping rates. Shipping stocks Orient Overseas (00316.HK), China COSCO Shipping Holdings (01919.HK), and Seaspan Corporation (01308.HK) fell between 3.4% and 5%. China Molybdenum (03993.HK) expects its annual net profit to increase by at least 47% to RMB 20 billion, with its stock price rising 0.4%. YouRan Agriculture (09858.HK) is offering a discount of over 8.8% for a rights issue to its controlling shareholder Yili, raising a total of HKD 2.346 billion, and the stock rose 1.9%. Lion Group (02562.HK) surged 17.8%, with a transaction volume of HKD 2.186 billion.

In other stocks, Trip.com (09961.HK) rebounded 1.3%, Li Ning (02331.HK), Goldwind (02208.HK), and Techtronic Industries (00669.HK) rose between 3.5% and 4.9%, while New World Development (00017.HK) increased by 5.3%. Pop Mart (09992.HK) and Lao Pu Gold (06181.HK) fell by 5.6% and 4.5%, respectively. China Silver (00815.HK) dropped 5.4%. Domestic property stocks Xincheng (01030.HK) and Sunac (01918.HK) fell by 3.6% and 4.2%, respectively