Zhong Guo Ji Jin Bao·2025-09-25 10:12Market Overview - On September 25, the Hong Kong stock market showed mixed results, with the Hang Seng Index down 0.13% and the Hang Seng Technology Index up 0.89% [1][2] - The total market turnover was HKD 314.9 billion, with a net inflow of HKD 11.046 billion from southbound funds [1] Sector Performance - The internet technology sector saw more gainers than losers, with notable increases in stocks such as Xiaomi Group (+4.48%), JD Group (+3.46%), Bilibili (+2.33%), and Baidu (+2.33%) [2] - The lithium battery sector performed strongly, led by CATL, which rose by 5.14% [3] - The non-ferrous metals sector also experienced a significant increase, with Luoyang Molybdenum rising by 11.73% [5][7] Company Highlights - CATL is set to launch a new 8-series high-nickel battery next year, which will be used in leading new energy vehicles, further solidifying its position in the power battery and energy storage sectors [3] - Xiaomi Group's stock surged by 4.48%, with a trading volume of HKD 19.308 billion, as the company plans to optimize vehicle delivery cycles, potentially reducing the time from order to delivery by up to two months [8][10] Analyst Insights - Analyst reports indicate that the recent supply disruption at Freeport-McMoRan's Grasberg copper mine could lead to a loss of 500,000 tons of copper supply over the next 12 to 15 months, which is expected to drive copper prices higher [7] - At the 2025 Fortune Global 500 Summit, an investment manager stated that it is too early to declare a bubble in technology stocks, citing improving cash flows and earnings growth among major U.S. tech companies [11]