Hua Er Jie Jian Wen·2025-10-03 01:52Market Overview - The Hang Seng Index opened down 0.24%, while the Hang Seng Tech Index fell by 0.44%, with the tech index's decline expanding to 1.1% during the trading session [1] - The Hang Seng Index (HSI) is currently at 27,120.73, down by 166.39 points or 0.61%, and the Hang Seng Tech Index (HSTECH) is at 6,579.85, down by 103.01 points or 1.54% [2] Sector Performance - Most sectors, including technology and automotive, experienced declines. Notably, Kuaishou dropped over 4%, while XPeng Motors and BYD fell over 3%. Conversely, Alibaba rose by 1% and SMIC increased by 0.8% [2] - Cloud Financials surged by 10% following the announcement of a strategic investment in global cryptocurrency life insurance company Anthea and a strategic partnership with it [2] Individual Stock Movements - Alibaba continued its upward trend, increasing by over 1% [4] - SMIC opened with a gain of over 1%, reaching a new historical high [5] - In the metals sector, companies like Tianqi Lithium and Zijin Mining saw declines of over 2%, while China Silver Group dropped nearly 3% [6] Additional Stock Data - Tencent Holdings rose slightly by 0.07% to 677.00, while Ctrip Group and NetEase saw declines of 0.43% and 1.00%, respectively [3] - Bilibili dropped by 2.10%, JD.com fell by 1.82%, and Baidu decreased by 1.36% [3] - BYD shares fell by 1.49% to 112.20 [3]