智通财经网·2025-11-18 08:49Market Overview - The Hong Kong stock market experienced a downward trend, with the Hang Seng Index closing down 1.72% at 25,930.03 points, and the total trading volume reaching 242.11 billion HKD [1] - The Hang Seng Tech Index fell by 1.93%, indicating a lack of upward momentum in AI technology stocks amid a stagnant industrial environment [1] Blue-Chip Stocks Performance - Ctrip Group-S (09961) saw a rise of 1.62% to 564.5 HKD after reporting a 16% year-on-year increase in net operating revenue for Q3 2025, reaching 18.3 billion RMB [2] - Semiconductor company SMIC (00981) increased by 1.44% to 74 HKD, contributing 7.4 points to the Hang Seng Index [2] Sector Performance - Large tech stocks faced pressure, with Tencent dropping over 2% and Alibaba slightly declining by 0.19% [3] - The semiconductor sector showed resilience, with Hua Hong Semiconductor rising by 3.48% and SMIC by 1.44% [3][4] Gold and Precious Metals - Gold stocks continued to decline, with Lingbao Gold (03330) down 8.88% and Zijin Mining International (02259) down 5.02% [4][5] - The market anticipates a continued adjustment phase for precious metals due to a decrease in the likelihood of a Fed rate cut [5] Cryptocurrency Market - Bitcoin fell below the 90,000 USD mark, marking a significant drop of nearly 30% from its peak in early October [6] - Cryptocurrency-related stocks also suffered, with Okex Chain (01499) down 6.82% [5] Lithium Battery Sector - The lithium battery sector faced a collective adjustment, with companies like CATL (03931) and Tianqi Lithium (09696) experiencing declines of over 6% [7] - Predictions for lithium prices remain conservative, with expectations of limited upward movement in the near term [7] Notable Stock Movements - Xpeng Motors (09868) saw a significant drop of 10.47% after reporting a net loss of 380 million RMB for Q3 [8] - Cambridge Technology (06166) rose by 7.52%, with plans to launch a 1.6T optical module in Q1 2026 [9] - Kingsoft Cloud (03896) increased by 4.1%, driven by strong growth prospects in AI [10]