港股收评：指数集体下跌！博彩股、贵金属股低迷，汽车股逆势走强

Market Overview - The Hong Kong stock market indices collectively declined on December 29, with the Hang Seng Index falling by 0.71%, the Hang Seng China Enterprises Index down by 0.26%, and the Hang Seng Tech Index decreasing by 0.3% after an initial rise of 2.2% [1][2]. Sector Performance - Technology stocks experienced a downturn, with Alibaba, Xiaomi, Kuaishou, and Tencent Holdings each dropping over 1%, while JD.com and Baidu saw slight declines. Conversely, Meituan rose nearly 1% and NetEase increased by 1.41% [4][5]. - Gaming stocks faced significant losses, particularly MGM China, which plummeted over 17%. Other gaming companies like Sands China and Wynn Macau also reported declines [6]. - The gold and precious metals sector saw a sharp decline, with companies like Zijin Mining and Shandong Gold dropping over 5% [7]. - The paper industry saw gains, with Nine Dragons Paper rising over 4%, as several large paper companies announced plans to reduce production or slow expansion, signaling a shift towards price stability [9][10]. - The automotive sector experienced a collective rise, with NIO, Xpeng, and BYD showing notable increases, supported by government initiatives to boost consumer spending [11][12]. - Airline stocks became active again, with China National Aviation rising by 2.5%, driven by expectations of increased travel during the upcoming New Year holiday [12][13]. - Oil stocks were also active, with major companies like Sinopec and CNOOC seeing gains, supported by a favorable long-term supply-demand outlook [14]. Individual Company Highlights - Jiangxi Copper saw a significant increase of over 6% to HKD 39.66, following news of a potential acquisition of SolGold for up to GBP 764 million, which would enhance its position in the copper and gold mining sector [15][19]. - The net selling of southbound funds reached HKD 3.414 billion, indicating a cautious sentiment among investors [19]. Market Outlook - The market is expected to remain relatively quiet due to holiday liquidity effects, with alternating activity between technology growth and cyclical resources. Despite short-term uncertainties from global macro fluctuations, the current valuation of Hong Kong stocks remains attractive, with structural opportunities still prominent [21].