Market Overview - The Hong Kong stock market experienced a decline on July 30, with the Hang Seng Index falling by 1.36% to 25,176.93 points, the Hang Seng Tech Index dropping by 2.72% to 5,490.76 points, and the Hang Seng China Enterprises Index decreasing by 1.18% to 9,038.27 points [2][3] - The total market turnover was HKD 319.65 billion, with southbound funds continuing to increase their positions by HKD 11.714 billion [2] Company Performance - Li Auto saw the largest decline among electric vehicle stocks, dropping 12.84% to HKD 104.50 per share, attributed to its new electric SUV pricing being lower than market expectations and a drop in US stock prices [10][14] - Other notable declines included Hang Seng Bank down 7.40%, SMIC down 5.90%, and BYD down 5.77% [3][4] - Conversely, "Jay Chou concept stock" Giant Legend surged nearly 37% after announcing a partnership with Yushu Technology, closing at HKD 13.26 per share, a rise of 17.97% [7][9] Industry Trends - The electric vehicle sector faced significant downturns, with the EV index falling by 6.57% and related stocks like CATL and Xpeng also experiencing declines [6][14] - In contrast, the energy sector showed resilience, with the energy index rising by 1.95%, driven by gains in major oil companies such as China Petroleum and Sinopec [5][6]
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