Market Overview - The Hong Kong stock market experienced a collective decline, with the Hang Seng Index falling by 0.81% to close below 25,000 points, marking three consecutive days of losses [1] - The net selling of Hong Kong stocks by southbound funds exceeded 20 billion HKD [1][16] Sector Performance - Major technology stocks showed weak performance, with Meituan dropping 12.55%, JD.com down 5%, and Alibaba falling 4.69% [2][4] - Infrastructure-related stocks, including heavy machinery, high-speed rail, steel, and cement, also saw significant declines [2] - Semiconductor stocks were the strongest performers, with InnoCare rising over 15% [2][12] Individual Stock Movements - Meituan's stock price fell to 101.70 HKD, down 14.60 HKD [5] - JD.com closed at 115.20 HKD, down 6.10 HKD [5] - Alibaba's stock price decreased to 115.80 HKD, down 5.70 HKD [5] - Semiconductor stocks like InnoCare and SMIC saw increases of 15.43% and over 10%, respectively [12] Industry Trends - The biotechnology sector faced significant declines, with stocks like BGI Genomics dropping nearly 14% [8] - The construction materials sector also experienced widespread losses, with Asia Cement (China) down 4.5% [9] - The dairy sector saw declines, with China Shengmu and Ausnutria both falling over 4% [10] Investment Insights - The outlook for foreign investment in the Chinese market remains positive, with expectations of continued allocation due to improving domestic fundamentals and potential RMB appreciation [18]