Hong Kong Stock Market Mid-Review: Hang Seng Index Closed Down 2.3%, Automotive AI Concept Stocks Under Pressure

According to Jin10 Data on February 28, the three major U.S. stock indices fell across the board overnight, and the China Golden Dragon Index experienced fluctuations and corrections. Hong Kong stocks opened weakly this morning and continued to decline, with the Hang Seng Index opening down 102 points at 23,616 points, and the decline quickly expanded, dropping as much as 547 points to a low of 23,170 points. By the close, the Hang Seng Index fell 2.3% in the morning session, and the Tech Index fell 3.78% in the morning session, with a total market turnover of HKD 191.69 billion. On the market, coal, oil, and road transportation stocks strengthened; Apple concept, lithium battery, and semiconductor stocks declined, while SaaS concept, pharmaceuticals, and internet healthcare stocks retreated again, and automotive stocks plummeted. In terms of individual stocks, BYD Electronics (00285.HK) fell over 8.5%, Li Auto (02015.HK) and Geely Automobile (00175.HK) both fell over 6%, XPeng (09868.HK), SenseTime (00020.HK), and Dongfang Zhenxuan (01797.HK) all fell over 5%; NAYUKI (02150.HK) rose over 11%, and China National Offshore Oil (00883.HK) and China Shenhua (01088.HK) both rose over 1%