Zhong Guo Ji Jin Bao·2025-09-08 10:17Market Overview - The Hong Kong stock market saw a significant afternoon rally on September 8, with the Hang Seng Tech Index rising by 1.17%, the Hang Seng Index increasing by 0.85%, and the Hang Seng China Enterprises Index up by 0.71%. Net inflow from southbound funds reached HKD 16.7 billion [2][4]. - The total trading volume for the day was HKD 286 billion [2]. Technology Sector - Major technology stocks experienced substantial gains, with Baidu Group rising by 9.48%, NetEase and Alibaba increasing by over 4%, and Xiaomi and Tencent both up by over 2% [4][5]. - Alibaba's trading volume exceeded HKD 20 billion, while Tencent's reached HKD 13.37 billion [4]. Paper Industry - The paper sector showed strong performance throughout the day, with shares of Chenming Paper, Lee & Man Paper, and Nine Dragons Paper rising by 8.05%, 4.83%, and 4.63%, respectively [7][8]. - Several paper manufacturers have implemented a dual strategy of price increases and production halts, with price hikes announced in early September [8]. Precious Metals Sector - The performance of the precious metals sector was mixed, with companies like WanGuo Gold, China Silver, Lingbao Gold, and Shandong Gold seeing increases of 3.75%, 2%, 1.32%, and 0.73%, respectively [9][10]. - Conversely, companies such as Luoyang Molybdenum, Nanshan Aluminum, and Zijin Mining experienced declines [10][11]. Individual Stock Movements - Pop Mart saw a significant decline of over 7%, attributed to a surge in short-selling activity, with 6.26 million shares shorted on September 5, compared to 200,000 shares on September 8 [4][13][14]. - Skyworth Group experienced a notable surge, closing up by 34.41% at HKD 4.57 per share, with trading volume increasing to HKD 137 million [4][15].