港股速报｜港股午后回落 黄金股全线大跌

Market Overview - The Hong Kong stock market experienced a decline after an initial rebound, with the Hang Seng Index closing at 25,952.40 points, down 205.96 points, a decrease of 0.79% [1] - The Hang Seng Technology Index also fell, closing at 5,818.29 points, down 104.19 points, a drop of 1.76% [2] Sector Performance - Gold stocks saw significant declines, with companies like Tongguan Gold and Lingbao Gold dropping over 6%, and Zijin Mining and Luoyang Molybdenum falling over 5% [4] - The non-ferrous metals sector also retreated, with Ganfeng Lithium and Northern Mining down over 5%, and Jiangxi Copper and Nanshan Aluminum down over 4% [4] - Conversely, bank stocks performed well, with China Everbright Bank rising over 3%, and other major banks like Minsheng Bank and China Merchants Bank increasing by over 2% [4] - Technology stocks had mixed results, with Xiaomi and JD.com dropping over 2%, while Baidu rose nearly 3% [4] - Oil stocks continued their upward trend, with PetroChina initially rising over 3%, though gains narrowed by the end of trading [4] Capital Flow - Southbound capital recorded a net purchase of over 9.8 billion HKD in Hong Kong stocks by the end of trading [4] Market Outlook - Dongwu Securities indicated that the Hong Kong market has entered an adjustment phase towards the end of the year, but the long-term upward trend remains intact [6] - The report noted that short-term macroeconomic positive news has largely been priced in, leading to a lack of new catalysts and reduced risk appetite among investors [6] - Orient Securities recommended focusing on three sectors: AI technology, dividend stocks, and innovative pharmaceuticals, citing attractive valuations in the tech sector and historical performance trends for dividend stocks in November and December [6]