Ge Long Hui·2025-10-22 04:40Market Overview - The Hong Kong stock market experienced a collective decline in the morning session, with the Hang Seng Technology Index falling the most by 2.12%, while the Hang Seng Index dropped 1.27%, falling below 26,000 points again, and the National Enterprises Index decreased by 1.38% [1][2]. Sector Performance - Major technology stocks showed significant weakness, with NetEase down over 5%, Baidu and Alibaba nearly 3%, and Tencent and JD.com close to 2%. Other companies like Xiaomi and Meituan also saw declines [2]. - Gold experienced its largest single-day drop in four years, leading to continued declines in gold stocks, with China Silver Group down 5.5% and other gold mining companies like Shandong Gold, Zhaojin Mining, China Gold International, and Lingbao Gold all dropping over 3% [2]. - Various sectors including semiconductor chips, photovoltaic, lithium battery, Apple concept stocks, mobile gaming, steel, coal, automotive, domestic insurance, and Chinese brokerage stocks generally fell [2]. Notable Stock Movements - A list of notable stock declines includes: - CSPC Pharmaceutical Group down 4.93% - Baiyunshan Pharmaceutical down 3.63% - China Biologic Products down 3.51% - Huahao Zhongtian Pharmaceutical down 3.51% - Innovent Biologics down 3.37% [4]. Positive Trends - Conversely, education stocks saw a general rise, with New Oriental, a leader in online education, increasing by 1.22%. Additionally, domestic retail stocks, agricultural stocks, and pork-related stocks mostly rose against the trend [5]. - Agricultural Bank of China has seen a continuous rise for 10 days, reaching a new historical high [5].