Market Overview - The Hong Kong stock market showed a high open but low close trend in the morning session, with the Hang Seng Tech Index dropping by 2% at one point and closing down 1.3% [1] - The Hang Seng Index fell by 0.2%, while the National Enterprises Index saw a slight increase of 0.07%, indicating continued low market sentiment [1] Sector Performance - Major technology stocks that opened high mostly turned to decline, with Kuaishou down 3.6%, Baidu down 3%, and both NetEase and Alibaba down nearly 2%, while Tencent fell over 1% [1] - Xiaomi experienced a sharp rise of 2.5% near the lunch break, and JD.com and Meituan saw slight increases [1] - Recently popular sectors such as semiconductor chips, rare earths, and copper also exhibited a high open but low close trend, with Huahong Semiconductor plummeting over 10% and SMIC down 5.5% [1] - Other sectors like pharmaceuticals, brain-computer interface concepts, dairy products, Apple-related stocks, military industry, catering, property management stocks all declined [1] Active Stocks - The film and television sector showed strong performance, with Huanyimedia surging by 22.5% leading the gains [1] - Banking stocks, nuclear power stocks, shipping stocks, and coal stocks mostly maintained an upward trend, with China Merchants Bank rising over 4% and the five major state-owned banks (Agricultural Bank, Industrial and Commercial Bank, China Construction Bank, Bank of China, and China Everbright Bank) all increasing by over 1% [1]

Core Viewpoint - The Hong Kong stock market experienced fluctuations with the Hang Seng Technology Index slightly declining by 0.13%, while the Hang Seng Index showed a modest increase of 0.01%. Major technology stocks generally maintained an upward trend, with significant movements in various sectors [1] Group 1: Technology Sector - Major technology stocks showed positive performance, with Xiaomi rising by 4.48%, JD.com by 3.46%, Baidu by 2.33%, and Kuaishou by 1.69%. Tencent and Meituan managed to stay slightly positive, while Alibaba and NetEase fell over 1% [1] - The Hang Seng Technology Index had a peak increase of 2% during the trading session before closing down slightly [1] Group 2: Copper and Mining Sector - A significant accident at the world's second-largest copper mine has led to tighter supply, resulting in a rise in copper prices. This has positively impacted copper-related stocks, with China Daye Non-Ferrous Metals soaring by 25% and China Nonferrous Mining rising by 11% [1] - Gold stocks also performed well, with Zijin Mining reaching a new historical high during the session [1] Group 3: Automotive Sector - The automotive sector saw collective gains, highlighted by Chery Automobile's debut, which surged nearly 14%. Other companies like Li Auto, NIO, BYD, and Xpeng also experienced increases [1] Group 4: Other Sectors - Lithium battery stocks, cosmetics stocks, semiconductor stocks, aviation stocks, and biomedicine stocks were generally active in the market [1] - Conversely, the banking sector faced downward pressure, with CITIC Bank dropping nearly 3% and other major banks like ICBC, BOC, and CCB declining over 2% [1] - Home appliance stocks, brain-computer interface concept stocks, dairy stocks, and port and shipping stocks also saw declines [1]