Hong Kong Stock Midday Review: Hang Seng Index closed down 0.59%, automotive stocks fell sharply

Jin10 Data reported on February 11th that despite U.S. President Trump forecasting increased tariffs overnight, U.S. stocks stabilized after a decline, and the China Golden Dragon Index surged. The Hang Seng Index opened 134 points higher at 21,656 points this morning, then peaked with a maximum increase of 160 points at 21,682 points, reaching a new high in over four months. It then reversed and fell, dropping as much as 229 points to 21,292 points. At the close, the Hang Seng Index fell 0.59% in the morning session, the Tech Index fell 1.55% in the morning session, and the total market turnover of the Hang Seng Index was HKD 122.74 billion. On the market, online education, precious metals, and electronic components stocks strengthened, while Deepseek concept stocks continued to perform strongly; chip, photovoltaic, and tourism stocks declined, pharmaceutical distribution stocks corrected, and automotive stocks plummeted. In terms of individual stocks, Kingdee International (00268.HK) rose over 7%, Sunny Optical Technology (02382.HK) rose over 4%, and New Oriental (09901.HK) rose over 3%; Geely Auto (00175.HK) fell over 10%, Xinyi Solar (00968.HK) fell nearly 6%, Li Auto (02015.HK) fell nearly 5.5%, and both Bilibili (09626.HK) and JD Health (06618.HK) fell over 4%