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Hong Kong stocks opened lower on November 11 and briefly attempted a rebound, but momentum fizzled, followed by a choppy decline. By the midday close, the Hang Seng Index was down 0.83% at 24,352.69 points, while the Hang Seng Tech Index fell 1.36% to 4,028.75 points. Market turnover reached HK$83.816 billion. Sector-wise, biopharmaceuticals, new energy vehicle makers, and commercial aerospace led the decliners, while PCB concept stocks, traditional Chinese medicine, and oil and natural gas bucked the trend. Among individual names, tech internet stocks broadly weakened, with Meituan down 3.51%, NetEase down 2.89%, and Bilibili down 2.19%. New energy vehicle makers were also sluggish: BYD fell 3.2%, NIO dropped 3.17%, and Leapmotor slipped 0.09%. Lenovo Group and SMIC moved higher against the market.
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