In the Hong Kong stock market, the Hang Seng Index fell 11 points in the first half of the day, while POP MART rose over 8%, with consumer stocks showing an upward trend

Trump's threat to implement the "Greenland Tariff" triggered a decline in U.S. stock futures, causing fluctuations in the Hong Kong stock market during the early session. The Hang Seng Index opened down 19 points, initially rising 74 points to a high of 26,638 points before falling, at one point dropping 200 points to a low of 26,363 points. Before noon, it nearly recovered most of its losses, closing down 11 points or 0.04% at 26,552 points; the National Index fell 11 points or 0.1% to 9,123 points; the Hang Seng Tech Index dropped 38 points or 0.66% to 5,711 points. The total turnover of the market for the half-day was HKD 129.845 billion.

In terms of major tech stocks, Tencent (00700.HK) and Baidu (09888.HK) fell 1.5%, Alibaba (09988.HK) and Kuaishou (01024.HK) dropped 0.2% and 0.1%, Meituan (03690.HK) decreased by 0.7%, while JD.com (09618.HK) and Bilibili (09626.HK) rose 1.1% and 1.2%, respectively. NetEase (09999.HK) increased by 1.9%. Additionally, Weimob (02013.HK) rose 3.9%, while Xindong (02400.HK) fell 4.9%. In AI-related stocks, Yunzhisheng (09678.HK) and Zhipu AI (02513.HK) dropped 3.3% and 6.7%, while Envision (03696.HK) and MINIMAX (00100.HK) rose 2.4% and 4.2%.

In the chip sector, SMIC (00981.HK), Hua Hong (01347.HK), Innosilicon (02577.HK), and Bairun (06082.HK) fell between 2.9% and 3%. In the robotics sector, UBTECH (09880.HK) dropped 3.5%. In the automotive sector, BYD (01211.HK) fell 2.8%, and Xiaomi (01810.HK) decreased by 1.5%. In the wire sector, Changfei Optical Fiber (06869.HK) rose 3.7%, while in the telecommunications equipment sector, ZTE (00763.HK) fell 2.5%. In the pharmaceutical sector, Heng Rui (01276.HK) and Hansoh (03692.HK) dropped over 3%, WuXi AppTec (02359.HK) fell 4.6%, and WuXi Biologics (02269.HK) and WuXi AppTec (02268.HK) each dropped over 2%. Junshi Biosciences (02367.HK) rose 2.8%.

Consumer stocks rose, with POP MART (09992.HK) repurchasing 1.4 million shares for HKD 251 million for the first time in two years, and its stock price jumped 8.5% to HKD 196.1, with a turnover of HKD 4.247 billion. The mainland extended the implementation period of the personal consumption loan interest subsidy policy to the end of this year, with Mao Ge Ping (01318.HK) and Mixue (02097.HK) rising 4.5% and 3.8%. In the aviation sector, China Southern Airlines (01055.HK) and China Eastern Airlines (00670.HK) rose 3.7% and 4.6%, respectively, while Air China (00753.HK) increased by 2.5%, and the duty-free store China Duty Free Group (01880.HK) rose 4.1% Sportswear stocks Anta (02020.HK) and Li Ning (02331.HK) each rose 2.4%, while beer stock Budweiser (00291.HK) rose 2.8%, and gold retail stock Luk Fook (00590.HK) increased by 5.9% in the half-day.

In the financial sector, HSBC (00005.HK) rose 1.6% to HKD 129, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) fell by 1% and 0.1%. Domestic insurance stocks China Life (02628.HK), ZhongAn (06060.HK), and China Pacific Insurance (00966.HK) rose between 2.7% and 3.4%. Commodity prices fell, with Zhaojin (01818.HK), Jiangxi Copper (00358.HK), and Chalco (02600.HK) dropping by 2.5% to 2.6%. China Molybdenum (03993.HK) issued USD 1.2 billion convertible bonds at a premium of 28.7%, and its stock fell by 3.1%. Domestic property stocks rose, with China Overseas (00688.HK), Jinmao (00817.HK), Sunac (01109.HK), and Vanke (02202.HK) increasing by 2.9% to 4%, while Greentown China (03900.HK) rose by 5.4%. Property management stock China Resources Mixc (01209.HK) rose by 3.8%.

New World (00017.HK) saw a drop of 10.6% in early trading, reporting HKD 9.9. Wind power stock Goldwind (02208.HK) fell by 3.4%. CIMC Enric (03899.HK) had a 7.7% discount in its placement, raising HKD 774 million, and its stock price fell by 2.1%