港股收评：恒指跌1.52%，贵金属、稀土概念全天强势

Market Overview - The Hang Seng Index closed down 1.52% at 25,889 points, having previously dropped as much as 3.6% during the day [1] - The Hang Seng Tech Index and the China Enterprises Index fell by 1.82% and 1.45%, respectively, with the tech index experiencing a near 5% drop at one point [1][2] Sector Performance - Large tech stocks showed a significant narrowing of losses in the afternoon, with Xiaomi down 5.7% after a near 9% drop, and JD.com down 3.6% [2] - Consumer electronics stocks were among the hardest hit due to potential escalations in trade tensions, while sectors like new energy vehicles, gambling, education, insurance, and aviation also declined [2] - Semiconductor and gold stocks collectively turned positive in the afternoon, with rare earth stock Jinchuan Magnetics surging 13% [2][8] Specific Stock Movements - Apple-related stocks saw a collective decline, with Hongteng Precision down over 7%, Lens Technology down over 6%, and Sunny Optical down over 4% [4][5] - The pharmaceutical outsourcing sector experienced significant drops, with Kelaiying down over 7% and WuXi AppTec down over 6% [6][7] - Rare earth stocks, particularly Jinchuan Magnetics, saw a notable increase of over 13% due to improved supply-demand dynamics [8] - Gold and precious metals stocks performed strongly, with Chifeng Jilong Gold and Zijin Mining both rising over 9% [9] Banking Sector - Some banks, such as Guangzhou Rural Commercial Bank, saw gains of over 5%, while others like Guizhou Bank and Chongqing Bank rose over 2% [12] - Analysts noted that the banking sector has underperformed since July 10, with a cumulative decline of 14%, but there may be opportunities for recovery as dividend dates approach [12] Individual Stock Highlights - Yao Cai Securities surged over 19% after receiving approval from the Hong Kong Securities and Futures Commission for an acquisition by Ant Group [13] Future Outlook - Analysts expect the Hong Kong market to experience volatility due to escalating US-China trade tensions, but domestic growth policies may stabilize investor sentiment over time [16] - Suggested sectors for investment include precious metals as a hedge against market uncertainty, the AI industry due to expanding capital expenditures from global tech giants, and sectors highlighted in China's 14th Five-Year Plan [16]