港股收评：恒指跌1.99%，科技、金融股齐跌，新消费概念集体回调

Market Overview - The Hong Kong stock market experienced a downward trend on June 19, with the Hang Seng Index falling by 1.99% to 23,237.74, the Hang Seng Tech Index dropping by 2.42% to 5,088.32, and the Hang Seng China Enterprises Index decreasing by 2.13% to 8,410.94, marking three consecutive days of decline [1][2]. Sector Performance - Major technology stocks saw significant declines, with Meituan down nearly 4%, JD.com down 3.63%, and Tencent and Alibaba both down close to 2% [4]. - The financial sector also faced pressure, with major firms like China International Capital Corporation and China Galaxy Securities dropping over 5%, while China Taiping and New China Life fell more than 3% [4][5]. - Other sectors, including military, shipping, gold, aviation, and power, all recorded losses, with new consumption concept stocks like Mao Ge Ping and Lao Pu Gold falling over 6% [2][4]. Notable Stock Movements - In the energy sector, small-cap oil and gas stocks surged, with Jixing New Energy rising by 34.6% and Jintai Energy Holdings increasing by nearly 53% [14]. - The tobacco and electronic cigarette sector saw declines, with Smoore International down 9.95% and China Tobacco Hong Kong down 3.44% [6]. - The automotive dealership sector also faced losses, with Zhongsheng Holdings down nearly 6% and Yongda Automobile and Harmony Auto both down over 3% [7]. Future Outlook - According to Guotai Junan, the Hong Kong stock market has been experiencing fluctuations since April due to tariff impacts, but the Hang Seng Index and Hang Seng Tech Index have returned to pre-tariff levels. Future attention should be on the progress of Sino-U.S. trade negotiations and domestic policy adjustments that could drive fundamental recovery [16].