Mei Ri Jing Ji Xin Wen·2025-11-03 06:21Core Viewpoint - The Hong Kong stock market saw a collective rise in its three major indices, with the Hang Seng Tech Index experiencing fluctuations but ultimately gaining over 0.5% in the afternoon session. [1] Market Performance - Technology stocks showed a mixed performance, while coal stocks strengthened and oil stocks rose broadly. [1] - The main ETF, the Hang Seng Tech Index ETF (513180), followed the index with a slight increase, with notable gains in holdings such as NIO, Xpeng Motors, Xiaomi Group, Kingdee International, Li Auto, and Trip.com, particularly Xiaomi Group which surged over 4% in the afternoon. [1] Company Updates - On November 1, Xiaomi Auto announced via its official Weibo that it expects to deliver over 40,000 vehicles monthly by October 2025. [1] - Xiaomi's official Weibo also reported that as of October 31, 2025, the total payment amount across all channels exceeded 18.2 billion. [1] Analyst Insights - A recent report from Dongfang Securities highlighted that some investors have concerns regarding Xiaomi's technological innovation and execution capabilities, raising doubts about the sustainability of growth across its various business segments. [1] - However, the report argues that Xiaomi's competitiveness in new feature development and product manufacturing has significantly improved, establishing a stronger operational ecosystem. [1] - The company's ability to innovate and scale its products is expected to enhance, driving sustained growth across its automotive and smart home businesses. [1]