港股收评：三大指数涨跌不一，恒指涨0.68%，创新药概念强势

Market Overview - The Hong Kong stock market showed mixed results with the Hang Seng Index rising by 0.68% to close at 25,562.13, while the Hang Seng Tech Index fell by 0.24% [1] - Large technology stocks exhibited divergent trends, with Alibaba up by 2.2% and NIO, Tencent Music, and JD Health also gaining over 1%, while Tongcheng Travel dropped over 10% [3][4] Sector Performance - Pharmaceutical stocks surged, with Heng Rui Medicine increasing by 24.5%, driven by a potential $12.5 billion licensing agreement with GSK [1][5] - Insurance stocks performed well, with AIA Group rising over 5% and China Pacific Insurance increasing by nearly 4% [1][6] - Gaming stocks saw significant gains, with MGM China and Sands China also benefiting from a 14.9% year-on-year increase in Macau visitor numbers [7][8] - Conversely, coal stocks experienced substantial declines, with Feishang Non-Ferrous Coal dropping over 15% [11] Individual Stock Movements - AIA Group's stock rose to 74.50, up by 5.60%, while Heng Rui Medicine reached a new high at 85.00, up by 24.91% [5][6] - Tongcheng Travel's stock fell to 20.35, down by 10.94%, reflecting broader trends in the tourism sector [12] - Huazhu Group's stock dropped over 13% following a profit warning, indicating a projected 20-30% decline in half-year earnings [13][15] Investment Outlook - The outlook for the Hong Kong stock market remains optimistic, with expectations of policy support from Chinese authorities to address economic challenges [19] - Analysts suggest focusing on sectors such as supply-side reforms, infrastructure, and consumer-driven companies for long-term investment opportunities [19]