港股收评：10月飘绿收官！恒指再失守26000点，科技股、大金融齐挫

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 1.43% to close below 26,000 points, marking three consecutive days of decline [1] - The cumulative decline for the Hang Seng Index in October is 3.35%, while the National Index and Hang Seng Tech Index fell by 4.05% and 8.62%, respectively [2] Sector Performance - Major technology stocks dragged down market sentiment, with significant declines in large financial stocks, semiconductor stocks, and various other sectors including military, automotive, coal, gold, real estate, aviation, and solar energy [3] - The biotechnology sector saw multiple catalysts igniting interest, leading to gains in education, home appliance, and gaming stocks [3] Notable Stock Movements - Alibaba dropped by 4%, Tencent fell over 3%, and other tech stocks like Kuaishou, Baidu, JD.com, and Xiaomi also saw declines exceeding 2% [4] - Financial stocks such as Everbright Securities and Huatai Securities experienced declines over 5%, while major banks also reported losses [5][6] Specific Stock Highlights - The automotive sector saw declines with BYD and Great Wall Motors dropping over 3%, while semiconductor stocks like Huahong Semiconductor and ZTE fell by over 6% [9][10] - The pharmaceutical and innovative drug sectors performed well, with companies like 3SBio and Innovent Biologics seeing significant gains [11] Capital Inflows - There was a notable net inflow of capital from southbound trading, with over 8.719 billion HKD in net purchases [12] Future Outlook - Analysts suggest that the current market conditions may favor sectors such as raw materials, export-oriented industries, and those benefiting from RMB appreciation, including aviation and paper manufacturing [14]