港股午评：三大指数均跌超1%，科技股低迷，三桶油下挫，铝业股活跃

Market Performance - The Hong Kong stock market opened lower, with all three major indices declining over 1%. The Hang Seng Index fell by 1.01%, the Hang Seng China Enterprises Index dropped by 1.11%, and the Hang Seng Tech Index decreased by 1.65%, reaching a low of 2% during the session [1] - Major technology stocks, which serve as market indicators, performed poorly, contributing to the overall market decline. Most Chinese brokerage and banking stocks also showed weakness [1] Sector Analysis - The international crude oil prices fell, influenced by Trump's statement that Venezuela would deliver 30 to 50 million barrels of oil to the U.S. This led to significant declines in the three major oil companies [1] - The automotive sector is expected to face a decline in sales by 2026, coupled with aggressive price competition at the start of the year, resulting in a broad decline in automotive stocks [1] - Conversely, the paper industry showed strong gains, and aluminum stocks rose, with companies like China Hongqiao, Innovation Industry, and Nanshan Aluminum International reaching new highs [1] Fund Flows - The Hang Seng Index closed down by 0.34%, with strong performances from chip and gold stocks, while insurance stocks remained sluggish [1] - The Hang Seng Index closed down by 0.54%, with Alibaba reaching a four-year high and experiencing a continuous buying spree for 23 days, with 5.4 billion yuan flowing into the Hang Seng Tech Index ETF (513180) and over 3.3 billion yuan into the Hang Seng Internet ETF (513330), both leading in their respective categories [1] - The largest Hang Seng Pharmaceutical ETF (159892) rose by 1.5%, aiming for a third consecutive day of gains, while the Hang Seng Tech Index ETF (513180) has seen net subscriptions for 19 consecutive days [1]