Market Overview - On November 28, Hong Kong's three major indices showed mixed results, with the Hang Seng Index and the Hang Seng China Enterprises Index declining by 0.34% and 0.38% respectively, while the Hang Seng Tech Index saw a slight increase of 0.02% [1] Technology Sector - Major technology stocks had mixed performances, with Baidu, Alibaba, and JD.com experiencing slight increases, while Xiaomi, NetEase, and Kuaishou saw minor declines, and Meituan dropped over 1% [2][3] - Semiconductor and chip stocks strengthened, with Hua Hong Semiconductor rising over 2% [5] - The global wafer foundry revenue is expected to reach $199.4 billion by 2025, reflecting a year-on-year growth of over 25% [5] Lithium Battery Sector - Lithium battery stocks rose, with Hongqiao Group increasing over 4%, alongside gains from Tianqi Lithium, Ganfeng Lithium, and others [6] Gold Sector - Gold stocks saw expanded gains, with China Gold International rising over 5%, supported by expectations of a Federal Reserve rate cut in December [7][8] Robotics Sector - Robotics concept stocks were active, with GAC Group surging over 16%, and other companies like Yujian and Sutech also showing gains [9] Renewable Energy Sector - Solar energy stocks rose, with Shanggao New Energy increasing over 11%, supported by the National Energy Administration's report on renewable energy growth [12] Financial Sector - Insurance stocks declined, with China People's Insurance Group falling over 3%, along with other major insurers [14] Coal Sector - Coal stocks experienced declines, with companies like Yanzhou Coal and China Shenhua seeing drops [16] IPO Activity - Haiwei Co., a capacitor film manufacturer, saw a significant drop of nearly 23% on its first trading day, with a market value falling below 1.8 billion HKD [20] Market Sentiment - Southbound funds recorded a net inflow of 2.727 billion HKD, indicating positive sentiment towards Hong Kong stocks [23] - Analysts from China Merchants Securities believe that recent market adjustments are temporary, with expectations of a rebound as interest rate cut expectations become clearer [25]
港股收评：恒生指数跌0.34%！芯片股、黄金股走强，保险股低迷