Market Overview - The Hong Kong stock market indices collectively declined, with the Hang Seng Tech Index dropping by 1.41% to close below 6000 points, while the Hang Seng Index fell by 0.94% below 26000 points, and the National Enterprises Index decreased by 0.85% to 9223 points [1][2]. Sector Performance - Major technology stocks experienced a broad decline, with notable drops in companies such as NetEase and BYD Electronics, both falling over 4%, and other tech firms like Kingsoft and JD Health dropping more than 3% [4][5]. - Gold and precious metals stocks faced significant losses, with Long Resources plunging over 12% and China Silver Group dropping more than 8% [6]. - The biopharmaceutical sector also saw substantial declines, with Youzhiyou Biotech falling over 10% and Maibo Pharmaceutical down more than 6% [7][8]. - The banking sector showed resilience, with Agricultural Bank rising over 1% to reach a historical high, supported by positive outlooks from Morgan Stanley regarding the banking sector's performance in the upcoming quarters [10]. Notable Stock Movements - In the home furnishings sector, Carson International surged over 12%, while other companies like Royal Court Smart Home and Different Group also saw gains [11][12]. - Oil and gas equipment and services stocks led the gains, with Sinopec Oilfield Services and Shandong Molong both rising over 4% [13]. - Southbound capital saw a net inflow of 10.018 billion HKD, indicating strong investor interest in Hong Kong stocks [14]. Future Outlook - Huatai Securities suggests a shift in focus from broad market rallies to fundamental performance, recommending attention to technology hardware, pharmaceuticals, internet leaders, and stable consumer goods companies with improved earnings expectations [15].
港股收评:恒指跌约1%止步2连反弹,黄金股重挫,内银股走高
Ge Long Hui·2025-10-22 08:46