Ge Long Hui·2025-08-26 01:33Market Overview - US stock indices closed lower overnight, while most popular Chinese concept stocks rose [1] - Hong Kong's three major indices opened lower, with the Hang Seng Index down 0.45%, the Hang Seng China Enterprises Index down 0.39%, and the Hang Seng Tech Index down 0.76% [1] Sector Performance - Major technology stocks collectively declined, with Alibaba down 2%, and NetEase and JD.com down over 1% [1] - Rare earth concept stocks continued to rise, with Jinli Permanent Magnet, which surged over 14% previously, increasing by an additional 2.68% [1] - Gold prices rose by 0.6% in the Asian morning session, leading to a general increase in gold stocks [1] - Most banking, food and beverage, and building materials stocks also saw gains [1] - Double登股份 experienced a strong debut, opening over 55% higher on its first trading day [1] Declining Sectors - Internet healthcare stocks, restaurant stocks, lithium battery stocks, sports goods stocks, and semiconductor stocks all fell, with major player SMIC down 1.38% [1]