科技股，走低

Market Overview - The Hong Kong stock market indices have generally declined in October, with the Hang Seng Technology Index experiencing the highest adjustment of over 8% [6] - As of October 31, the Hang Seng Index closed down 1.43% at 25,906.85 points, the Hang Seng Technology Index down 2.37%, and the Hang Seng China Enterprises Index down 1.91% [5][7] - The financial sector has also seen a widespread decline, with major financial stocks dropping significantly [14] Technology Sector - Major technology stocks have broadly declined, with notable drops including Hua Hong Semiconductor down 7.43%, SMIC down 5.30%, Alibaba down 4.07%, Tencent down 3.38%, and Kuaishou down 3.08% [9][10] - The trading volume for Alibaba and Tencent exceeded 10 billion HKD [9] Pharmaceutical Sector - The pharmaceutical and biotechnology sector has seen a rise, with companies like 3SBio, Fosun Pharma, and Rongchang Biopharma increasing by 11.27%, 6.72%, and 6.51% respectively [12] - The recent introduction of a "commercial insurance innovative drug catalog" mechanism in the national medical insurance negotiations has contributed to the positive sentiment in the sector [12] Financial Sector - The financial sector has faced significant declines, with major brokerage stocks such as Everbright Securities, Huatai Securities, and Dongfang Securities all dropping over 5% [15] - Insurance stocks like China Life, China Pacific Insurance, and China Property & Casualty have also seen declines of 5.80%, 5.23%, and 3.16% respectively [17] - Bank stocks such as China Everbright Bank and Postal Savings Bank have decreased by 5.34% and 4.36% respectively [18] Coal and Oil Sector - The coal index has risen over 10% this month, with coal prices exceeding 770 RMB per ton, driven by favorable supply-demand dynamics [19] - The oil sector index has also increased by 7.98% this month [23]