China National Gold (SH:600916) Ge Long Hui·2025-08-26 08:40Market Overview - The Hong Kong stock market experienced a decline in the afternoon, with the Hang Seng Index dropping by 1.18%, the National Enterprises Index falling by 1.07%, and the Hang Seng Technology Index decreasing by 0.74% after reaching a new high earlier [1] - Market sentiment turned cautious after a strong performance the previous day, failing to maintain the upward momentum [1] Stock Performance - Notable gainers included: - FLL, MIREW up by 6.10% at 0.435 - Great Wall Motors up by 3.15% at 18.670 - Xpeng Motors up by 2.90% at 94.150 - BYD Company up by 1.55% at 117.600 [2] - Significant decliners included: - NIO down by 6.00% at 49.540 - Li Auto down by 1.96% at 92.600 - Geely Automobile down by 1.62% at 19.390 [2] Sector Performance - Major technology stocks declined, with Alibaba down by 2.57%, Meituan, Abidu, and JD.com each dropping nearly 2%, and Tencent down by 0.81% [3] - Real estate stocks faced increased selling pressure, with Greentown China falling over 6% and New City Development down over 5% [3] - Financial sectors, including Chinese brokerage and banking stocks, also saw declines, with China Galaxy and CICC each dropping over 3% [3] - In contrast, gold stocks surged due to clearer expectations of interest rate cuts from the Federal Reserve, with China Gold International rising over 10% [3] - The debut of Shuangdeng Co. saw a significant increase of over 31% on its first trading day [3]