Market Overview - The Hong Kong stock market opened slightly higher on August 26, with the Hang Seng Index at 25,708 points, down 0.47%, and the Hang Seng Tech Index at 5,766 points, down 1% [1][3] New IPO Performance - Shuangdeng Co., Ltd. (06960) saw its stock price increase by over 50% on its first trading day. The company operates in the big data and communication energy storage sector [3] - The IPO was priced at HKD 14.51 per share, with a total issuance of 58.557 million shares, and a subscription rate of 3,876.25 times for the public offering, resulting in a 0.06% chance of winning a single lot [3] - The international offering recorded a subscription rate of 18.75 times, raising approximately HKD 756 million globally [3] Sector Performance - Technology stocks experienced a general decline, with Alibaba down over 2%, and JD.com, Bilibili, and NetEase each down over 1% [3] - Gold and non-ferrous metal sectors continued to rise, with Shandong Gold increasing nearly 2% [3] - New consumption concepts opened higher, with Laopu Gold rising over 1% [3] - Automotive stocks faced a pullback, with NIO down nearly 8% after a previous increase of over 15% [3] ETF Movements - The S&P Oil & Gas ETF rose by over 1%, while the Hang Seng Innovation Drug ETF, Hong Kong Stock Connect Innovation Drug ETF, and Hong Kong Dividend ETF saw slight increases [3] - Conversely, the Hong Kong Tech 50 ETF and Hang Seng Tech ETF both declined by over 1% [3]