Ge Long Hui A P P·2025-10-23 04:09Market Performance - The Hong Kong stock market showed mixed performance with the Hang Seng Index down 0.09% at 25,757.60 points, the Hang Seng Tech Index down 0.81% at 5,875.23 points, and the National Enterprises Index down 0.18% at 9,206.73 points [1][1][1] Sector Movements - Major technology stocks experienced varied movements, with NetEase and Kuaishou down 1.6%, Xiaomi down 0.91%, while Meituan rose 1.4%. Alibaba, Tencent, Baidu, and JD.com saw positive performance [1][1][1] - Oil prices increased following U.S. sanctions on two major Russian oil companies, leading to gains in Chinese oil stocks, with China National Offshore Oil Corporation rising over 4% initially [1][1][1] - Gaming stocks rebounded, with Sands China rising over 3% after a positive earnings report, and CICC raised its forecast for Macau's gaming revenue for next year [1][1][1] - Banking stocks remained active, with Agricultural Bank of China achieving an 11-day consecutive rise, hitting a historical high [1][1][1] - Other sectors such as aluminum, water utilities, coal, and shipping stocks showed some activity [1][1][1] Negative Trends - Supply chain adjustments were noted as demand for iPhone Air was reported to be lower than expected, leading to a collective decline in Apple-related stocks [1][1][1] - Gold prices continued to retreat, with Shandong Gold experiencing a cumulative drop of over 20% in the past eight days [1][1][1] - Other sectors including biopharmaceuticals, semiconductor chips, paper, heavy machinery, and military stocks also faced declines [1][1][1]