科技股大跌，消费股、保险股等逆市上涨

Core Viewpoint - The Hong Kong stock market experienced a collective decline on December 15, with major indices falling, while certain sectors like consumer and insurance stocks showed resilience and increased in value [2][4][6]. Market Performance - The Hang Seng Index closed down 1.34% at 25,628.88 points, the Hang Seng China Enterprises Index fell 1.78% to 8,917.70 points, and the Hang Seng Tech Index dropped 2.48% to 5,498.42 points [2][3]. - Major technology stocks saw significant declines, with Baidu Group-SW down over 5%, Kuaishou-W down over 4%, and Alibaba-W down over 3% [4]. - Semiconductor stocks also faced losses, with InnoCare Pharma down over 9% and Huahong Semiconductor down over 6% [4]. Sector Highlights Consumer Stocks - Consumer stocks collectively rose, with Li Ning leading the blue-chip stocks, increasing over 5% to close at HKD 18.64 per share, giving it a market capitalization of HKD 48.2 billion [8][10]. - The launch of the "Dragon Store" and the new Honor Gold Standard product line is seen as a significant milestone for Li Ning's brand development [10]. Insurance Stocks - Insurance stocks performed well against the market trend, with New China Life Insurance up over 4%, and China Pacific Insurance and China Ping An both rising over 2% [12][14]. - The recent regulatory changes by the National Financial Regulatory Administration, which lowered risk factors for insurance companies, are expected to enhance long-term investment capabilities and improve profitability [14].