AI应用，继续调整

Market Overview - The Hong Kong stock market experienced a decline, primarily driven by weak performances in the financial and technology sectors. The Hang Seng Index fell by 1.05% to close at 26,563.90 points, while the Hang Seng Technology Index dropped by 1.24% to 5,749.98 points, and the Hang Seng China Enterprises Index decreased by 0.94% to 9,134.45 points [4][5]. Sector Performance - Major technology stocks showed collective weakness, with Alibaba down by 3.49% and a trading volume of approximately HKD 11.7 billion. Other notable declines included Meituan, JD.com, and Tencent, each falling over 1% [7][8]. - AI application stocks continued their downward trend, with companies like YaoShibang, Ping An Good Doctor, and Alibaba Health experiencing declines of 5.44%, 4.41%, and 3.53% respectively. MINIMAX-WP, Huizhong Technology, and Zhipu saw drops exceeding 10% [10][12]. Biotech Sector - The Hang Seng Biotech Index fell by 3.06%, with key constituents such as Kelun-Biotech, InnoCare Pharma, and BeiGene also closing lower. Despite this, the CRO industry is reportedly improving, with a positive outlook for 2026 due to increased demand for innovative drugs and a recovering financing environment [14][15]. Safe-Haven Assets - The gold sector showed resilience, with international gold prices reaching historical highs, pushing up the prices of Hong Kong-listed gold companies like Datang Gold and Mengjin Garden, which rose by 8.77% and 5.38% respectively [17][18]. Company News - New World Department Store China saw a significant stock price increase of 29.51%, closing at HKD 0.395 per share. This surge followed recent announcements of management changes within the company [20][21].