Hong Kong Stock Market Mid-Review: Hang Seng Index Closed Down 0.62%, Automotive Stocks Performed Brightly

According to Jinshi Data on February 25, the U.S. stock market experienced fluctuations and corrections overnight, while the China Golden Dragon Index fell sharply. The Hong Kong stock market opened with a gap down of over 600 points this morning, with the Hang Seng Index opening down 625 points at 22,716 points. The decline quickly narrowed, and during the early session, it fluctuated upward, at one point only down 132 points at 23,209 points, regaining the 23,000 mark. By the close, the Hang Seng Index was down 0.62% in the early session, the Tech Index was down 0.03%, and the total market turnover for the Hang Seng Index was HKD 185.15 billion. On the market, leisure and entertainment, biomedicine, and semiconductor stocks strengthened, while automotive stocks performed well; tourism, film and entertainment, and internet healthcare stocks declined, with online education stocks falling for two consecutive days, and beer and Chinese brokerage stocks correcting. In terms of individual stocks, Li Auto (02015.HK) rose over 12%, XPeng (09868.HK) rose nearly 6%, Geely Automobile (00175.HK) and SMIC (00981.HK) both rose over 3.5%; Trip.com Group (09961.HK) fell nearly 9.5%, Bilibili (09626.HK) fell over 5%, Alibaba Health (00241.HK) and ZhongAn Online (06060.HK) fell over 4%