Market Overview - The Hong Kong stock market experienced a high open followed by a decline, with the Hang Seng Index dropping 1.21% and struggling to maintain the 25,000-point level [1] - The Hang Seng China Enterprises Index and the Hang Seng Tech Index fell by 1.41% and 1.66% respectively, both hitting monthly lows during the session [1] Sector Performance - Major technology stocks turned from gains to losses, with Alibaba down nearly 4%, Xiaomi and Kuaishou down over 2%, while Tencent, NetEase, and JD.com saw slight declines [1] - Semiconductor stocks faced significant declines, with leading stock SMIC dropping over 6%, and Huahong Semiconductor and Shanghai Fudan also falling [1] - Financial stocks, including banks, insurance, and brokerage firms, along with state-owned enterprises, also experienced downward pressure [1] - Gold stocks, which had been rising, saw a reversal due to profit-taking, leading to declines in copper, aluminum, and other non-ferrous metal stocks [1] - Other sectors such as biopharmaceuticals, military, automotive, shipping, gaming, and oil also reported declines [1] Notable Performers - A few sectors showed resilience, with agricultural, gas, and wind power stocks rising against the trend [1] - The film and entertainment sector saw a surge, with small-cap stock Orange Sky Golden Harvest rising over 12% [1] - Zhongxin Innovation surged by 13.6%, reaching a new high after securing a large battery project in India, indicating an acceleration in global capacity expansion [1]