金融股，大涨！

Market Overview - The Hong Kong stock market opened high but closed lower, with the Hang Seng Index down 0.33% at 26,346.14 points, the Hang Seng Tech Index down 1.26%, and the Hang Seng China Enterprises Index down 0.97% [1][3] Financial Sector Performance - The financial sector showed resilience, with HSBC Holdings rising over 4% following positive earnings results. Other banks like Bank of China Hong Kong, China Construction Bank, Hang Seng Bank, and China Merchants Bank also saw gains [6][7] - HSBC reported a pre-tax profit of $7.3 billion for Q3 2025, a decrease of $1.2 billion year-on-year, but a 3% increase in adjusted pre-tax profit to $9.1 billion. Revenue increased by $0.8 billion to $17.8 billion, marking a 5% growth [6][7] Technology Sector Performance - The technology sector faced declines, with major stocks like SMIC down 3.26%, SenseTime, Li Auto, NetEase, and BYD Electronics all dropping over 2%. Tencent, Xiaomi, Meituan, and Alibaba also fell by more than 1% [3][4][5] Precious Metals Sector - The precious metals sector was under pressure as gold prices fell further, with international gold prices dropping below $3,920 per ounce. Jewelry stocks like Chow Tai Fook and Zijin Mining saw significant declines, with drops of 4.55% and 5.59% respectively [8][10][11] Pharmaceutical Sector - The pharmaceutical sector continued to weaken, with stocks like InnoCare Pharma down over 5%. Despite this, there are signs of structural recovery in the sector, with expectations for increased activity in innovative drug transactions and improved market conditions [12][13][14] New Listings - Four new stocks were listed on the Hong Kong Stock Exchange, with notable performances including Dipo Technology rising over 150% and Baima Tea rising over 86%. Dipo Technology raised approximately HKD 710 million through its IPO [15][16] Regulatory Actions - The Hong Kong Securities and Futures Commission took action against individuals involved in manipulating shares of Global Smart Holdings, issuing a temporary injunction against 12 suspects [17]