Hong Kong Stock Afternoon Review|The Hang Seng Index fell 0.92% in early trading, and gold stocks rose against the market

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index fell 0.92% to 238 points to 25,737 points; the Hang Seng Technology Index fell 1.79%. Hong Kong stocks traded HK$108.2 billion in early trading.

Gold stocks reversed the market and rose higher. The central bank's demand for gold purchases and gold investment is growing, and institutions are optimistic that the price focus will continue to rise. Zijin Gold International (02259) rose 6.94%; Chifeng Gold (06693) rose 3%.

Jiaxin International Resources (03858) rose more than 6%, the price of tungsten reached a new high, and the agency expects the entire industry chain to continue to rise.

Changjiang Securities and Dongwu Securities recently announced that they would raise the upper limit of the two finance business scale, and Chinese brokerage stocks rose against the market. China Merchants Securities (06099) rose 3.77%, while Orient Securities (03958) rose more than 2%.

Domestic insurance stocks continue to rise, and institutions expect a good start and new premiums and NBV will achieve double-digit growth. Xinhua Insurance (01336) rose nearly 4%; China Taibao (02601) rose 2.6%.

Sporting goods stocks collectively rallied higher. Textile and garment exports improved month-on-month in November, and the agency indicated that the sports footwear sector was resilient. Yuyuan Group (00551) rose 6%; Li Ning (02331) rose 5%.

The three departments are making greater efforts to boost consumption. Dairy stocks were active. Youran Animal Husbandry (09858) rose more than 6%, and Modern Animal Husbandry (01117) rose more than 5%.

Tudatong (02665) rose another 12%, continuing to reach new market highs. The company is a global provider of image-grade lidar solutions.

Goldwind Technology (02208) rose more than 4%. The market is pursuing commercial aerospace concepts, and institutions are optimistic about the continuous optimization of the wind power plant pattern.

The pharmaceutical sector had the highest decline, with the Hang Seng Biotech Index falling 3.95% and the Hang Seng Innovative Drugs Index falling 3.83%. Goli Pharmaceuticals (01672) fell more than 8%.

The optical communications sector declined across the board. Changfei Optical Fiber Cable (06869) fell by more than 8%, and it is rumored that Oracle is delaying the construction of the OpenAI data center.

Market concerns about the AI bubble resurfaced, with Huahong Semiconductor (01347) falling more than 6% and SMIC (00981) falling more than 2%.