The Hang Seng Index opened down by 29 points, or 0.11%, settling at 25,587 points. The Enterprise Index also declined, falling by 9 points or 0.11% to 9,111 points. Meanwhile, the Technology Index experienced a slight drop of 6 points, or 0.1%, bringing it to 5,792 points.
In the technology sector, stock performances varied. Tencent saw a modest increase of 0.1%, while Alibaba gained 2%. Conversely, Meituan experienced a decline of 1.2%. Xiaomi Group rose by 0.1%, but JD.com and Kuaishou both dropped by 0.3%.
In the financial sector, stocks exhibited mixed results. HSBC Holdings rose by 0.3%, while AIA Group fell by 1%. China Ping An also saw a decrease of 0.3%, and Hong Kong Exchanges and Clearing remained stable without any significant changes.
Automobile stocks showed a diverse performance as well. BYD shares decreased by 0.3%, while Geely Automobile increased by 0.5%. NIO saw gains of 1%, and XPeng Motors also rose by 1%. However, Li Auto experienced a decline of 1%. Overall, the market reflects a cautious sentiment as investors continue to assess various economic indicators and corporate performances.
Source: DimsumDaily
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