Xin Lang Cai Jing·2025-12-09 08:57Market Overview - The Hong Kong stock market indices declined again, with the Hang Seng Index falling 1.29% to 25,434.23 points and a total trading volume of HKD 210.236 billion [1] - The decline in the Hong Kong market is attributed to several factors, including a shrinking southbound capital flow, concerns over potential interest rate hikes by the Bank of Japan, and expectations that the Federal Reserve's upcoming rate cut may not be as dovish as anticipated [1] Blue Chip Performance - WuXi Biologics (02269) led the blue-chip stocks, rising 1.88% to HKD 33.56, contributing 3.64 points to the Hang Seng Index [2] - Other notable blue-chip performances included China Biologic Products (01177) up 1.33% and WuXi AppTec (02359) up 1.06%, while Xinyi Glass (00868) fell 8.11% and Chow Tai Fook (01929) dropped 4.82% [2] Sector Movements - Large technology stocks experienced declines, with Alibaba down 1.63% and Tencent down 0.41%. Chip stocks fell collectively after the announcement allowing NVIDIA to sell H200 chips to China, with SMIC down over 4% [3][5] - The real estate sector saw significant declines, particularly with Agile Group (03383) dropping 18.42% amid a court liquidation petition [4] - Industrial metals stocks, including Jiangxi Copper (00358) and China Aluminum (02600), faced notable declines, with Jiangxi Copper down 6.51% [3][4] Notable Company Developments - China Metallurgical Group (01618) saw a significant drop of 21.01% after announcing a cash transaction to sell its subsidiaries for approximately HKD 60.7 billion [6] - Gilead Sciences (01672) surged 18% following positive results from a clinical trial for its obesity treatment, with Citigroup expecting a positive market reaction [7] - E-Hi Auto (02858) rose 10.67% after renewing a strategic cooperation agreement with Tencent's subsidiary for used car services [8]