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On the morning of November 5th, affected by concerns over an AI bubble, Hong Kong stocks opened lower, with the declines in the three major indices continuing to narrow during the session. By midday, the Hang Seng Index had fallen by 0.28%, having initially dropped by 1.8% at the start of the session; the Hang Seng China Enterprises Index was down 0.31%; and the Hang Seng Tech Index had fallen by 0.8%, having at one point plummeted by as much as 2.87%. The declines in major technology stocks collectively narrowed, with some turning positive, such as Meituan, which rose by 1.6%. The aviation sector led the gains, while non-ferrous metal stocks rebounded collectively. In contrast, application software stocks and SeeS concept stocks performed poorly, with automobile stocks and semiconductor stocks generally trending lower.
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