Hong Kong Stock Midday Review: The Hang Seng Index opened high but fell back, down 0.67%. New energy vehicle stocks continued yesterday's strong performance

According to Jinshi Data on March 12, the Hang Seng Index opened nearly 100 points higher this morning and once rose nearly 200 points, reaching a high of 23962.03 points. However, the upward momentum could not be sustained, and it fluctuated downwards, turning negative. By midday, the decline had widened, and the Hang Seng Tech Index opened high but fell back, dropping over 1% before noon. As of the midday close, the Hang Seng Index fell 0.67% to 23623.55 points, while the Tech Index fell 1.03% to 5905.48 points, with a total market turnover of HKD 136.238 billion. On the market, retail stocks and new energy vehicle stocks performed strongly against the trend, while most tech stocks declined, with internet healthcare and telecommunications equipment sectors leading the losses. In terms of individual stocks, LAOPU GOLD (06181.HK) once rose over 13% during the session, hitting a new historical high, and closed up 3.17%; Yuejiang (02432.HK) closed up 23.92%; Nio (09866.HK) closed up 7.88%; Lenovo Group (00992.HK) closed down 4.95%; Alibaba Health (00241.HK) closed down 3.11%