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The morning session of Hong Kong's stock market saw the three major indexes open higher but close in the red. Specifically, the Hang Seng Index dipped 0.55%, the State-owned Enterprises Index fell 0.37%, and the Hang Seng Tech Index declined 0.38%. Large-cap technology stocks exhibited pronounced performance disparities, with Kuaishou's shares surging nearly 5% while Alibaba's stock price declined almost 2%. Auto stocks sustained their recent downtrend, with notable declines from Li Auto and BYD. Semiconductor chip stocks also took a hit, with SMIC dropping over 2%. Conversely, biopharmaceutical stocks underwent a correction. On a positive note, dairy stocks and children's concept stocks were lively due to anticipation of childbirth subsidy policies. Additionally, airline stocks rose in tandem, fueled by lower oil prices and increased ticket bookings.
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