港股收评：指数全天低迷！恒科指跌1.8%，黄金板块逆势上涨

Market Performance - The Hong Kong stock market showed weak performance on November 7, with the Hang Seng Index down 0.92% to 26,241 points, the Hang Seng China Enterprises Index down 0.94% to 9,267 points, and the Hang Seng Tech Index down 1.8% to 5,837 points [1][2]. Sector Performance - Major technology stocks experienced declines, with Kuaishou down nearly 6%, Alibaba and Xiaomi down nearly 3%, and JD.com down over 2% [4][5]. - The semiconductor and automotive sectors also saw declines, while the education and wind power sectors fell [2]. - The polysilicon industry showed signs of a turning point, leading to a surge in the new energy materials sector, with Fulete Glass rising 9%, Xinyi Solar up over 7%, and GCL-Poly Energy up over 6% [2][7]. - The gold sector continued to rise, with Zhenfeng Gold up over 5% and several other gold stocks also increasing [8][9]. - The construction materials sector saw gains, with MOS HOUSE rising over 12% and Huai Bei Green Gold up over 4% [10][11]. Industry News - The photovoltaic industry may be facing the largest restructuring plan in history, with a proposed fund of approximately 70 billion yuan aimed at facilitating acquisitions [6]. - State Street Global Advisors raised its gold price forecast, predicting prices between $3,700 and $4,100 per ounce under the base case scenario [8]. Company News - Huanxin Cement reported a revenue of 25.033 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.27%, with net profit rising 76.01% [10]. - Zai Ding Pharmaceutical reported third-quarter earnings that fell short of market expectations, with revenue 18% lower than anticipated [12][13]. - Lehua Entertainment's stock dropped over 9% following news that popular artist Wang Yibo would not renew his contract, which significantly impacts the company's revenue [14][15]. - The education sector continued to decline, with Tianli International Holdings down over 15% and other education stocks also falling [16]. Capital Flow - Southbound funds recorded a net inflow of 7.523 billion HKD, with net purchases of 3.686 billion HKD through the Shanghai-Hong Kong Stock Connect and 3.837 billion HKD through the Shenzhen-Hong Kong Stock Connect [18]. Market Outlook - CITIC Securities believes that the current market focus on brokerage stocks may be overly concentrated on short-term trading pressures, with expectations for fourth-quarter trading activity to be lower than anticipated [18][19].