Core Viewpoint - The technology sector in the US stock market faced significant sell-offs, leading to a decline in the Asia-Pacific stock markets, particularly in Hong Kong where major indices fell sharply [1] Group 1: Market Performance - The Hang Seng Index dropped by 1.14%, the Hang Seng China Enterprises Index fell by 1.12%, and the Hang Seng Technology Index decreased by 2% [1] - Major technology stocks such as Xiaomi, JD.com, Tencent, Meituan, and Alibaba all experienced declines of over 2%, with Xiaomi falling more than 3% [1] Group 2: Sector Trends - Semiconductor stocks, which had rebounded previously, also faced weakness again [1] - Other sectors including Chinese brokerage stocks, automotive stocks, heavy machinery stocks, and Apple-related stocks all saw declines [1] Group 3: Commodity and Alternative Sectors - Gold prices returned to $4,000, leading to a continued rise in gold stocks [1] - The solar energy sector made significant progress against internal competition, with solar stocks showing strong performance [1] - The three major oil companies continued their upward trend [1]

Group 1 - The Hong Kong stock market experienced a positive trading day, with the Hang Seng Index rising by 0.6%, the Hang Seng Tech Index increasing by 0.57%, and the National Enterprises Index up by 0.67% [1] - The total trading volume for the Hang Seng Index reached 212.687 billion HKD [1] - Notable gains were observed in the stablecoin sector, with Lianyi Rong Technology (09959.HK) rising by 10% and China Everbright Holdings (00165.HK) increasing by over 11% [1] Group 2 - Technology stocks continued to perform well, with Meituan (03690.HK) up by over 3%, Horizon Robotics (09660.HK) rising by over 2%, and Xpeng Motors (09868.HK) also increasing by over 2% [1] - The pharmaceutical sector, Chinese brokerage stocks, and the consumer goods sector were notably active, with Innovent Biologics (01801.HK) rising by over 14%, Hongye Futures (03678.HK) increasing by over 5%, and Mixue Group (02097.HK) also up by over 5%, reaching a historical high [1] - Conversely, Alibaba concept stocks, insurance stocks, and logistics stocks showed weak performance, with China Pacific Insurance (02328.HK) declining by over 4% and Trip.com Group-S (09961.HK) dropping nearly 4% [1]