尾盘狂拉！

Market Overview - The Hong Kong stock market experienced a pullback on September 2, with the Hang Seng Index falling by 0.47% to close at 25,496.55 points. The Hang Seng Technology Index dropped by 1.22%, while the Hang Seng China Enterprises Index decreased by 0.15%. The total market turnover was HKD 328.1 billion, a decrease from the previous day, with net inflows from southbound funds amounting to HKD 9.281 billion. Notably, the Hang Seng Biotechnology Index rose by 0.13%, with a year-to-date increase of 104.17% [2][3]. Stock Performance - Internet technology stocks generally declined, with notable drops including Bilibili (-3.15%), Kuaishou (-2.51%), Meituan (-1.84%), Alibaba (-1.75%), JD Group (-1.48%), and Baidu (-1.51%). In contrast, shares of electric vehicle companies saw gains, with Xiaomi Group increasing by 3.43%. Semiconductor stocks weakened, exemplified by a 6.78% drop in Hongguang Semiconductor. On its first trading day, Aux Electric fell by 5.40%, below its issue price [3][4][5][9][10]. Xiaomi Group - Xiaomi Group's stock rose by 3.43% amid reports that 20 domestic electric vehicle brands achieved a weekly delivery of over 11,200 units during the last week of August, ranking second in China's new force sales. The delivery cycle for the YU7 standard version is approximately 53 to 56 weeks, with a target of 350,000 units for 2025. Industry insiders speculate that the annual delivery volume could reach around 400,000 units [5]. Semiconductor Sector - The semiconductor sector faced a downturn, with Hongguang Semiconductor experiencing a 6.78% decline. However, a report from CITIC Securities indicated optimism for the electronic sector, particularly in semiconductor equipment, domestic computing power, consumer electronics, and overseas computing power. The report suggests that the sector's fundamentals, driven by AI innovation and cyclical recovery, are expected to sustain positive momentum [9]. Aux Electric - Aux Electric's stock fell by 5.40% on its first trading day, dropping below the issue price. The company had previously seen significant interest, with a 557.2 times oversubscription in its public offering and an 8.3 times subscription in the international placement phase. The final offering price was set at HKD 17.42 per share [11][13]. Lijin Technology - Lijin Technology's stock surged over 13% in the last trading session, closing up 10.70% at HKD 6.00 per share, with a trading volume of HKD 662 million. The company recently signed a strategic cooperation agreement with four firms focused on magnesium alloy and humanoid robot development, initiating a joint research project aimed at overcoming traditional robot weight and strength limitations [15].