Hong Kong Stock Afternoon Review|Hang Seng Index fell 2.87% in early trading, blue chip weight dragged down the index

The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index fell 2.87% to 679 points to 22,971 points; the Hang Seng Technology Index fell 4.64%. Hong Kong stocks traded HK$127.5 billion in early trading.

The Hengke Index hit a new low since September 2024. Alibaba-W (09988) fell 5.93%, and Tencent (00700) fell 3.35%.

Brain Aurora-B (06681) rose by more than 48%, and China achieved a new breakthrough in international standards in the field of brain-computer interface.

Zhaowei Mechatronics (02692) rose nearly 18%, Tesla's next-generation Optimus is ready for mass production, and the company's clever layout opens up market space.

McPharmaceutical-B (02335) rose 15%, adopted an H share incentive plan and sought to buy back no more than 10% of H shares.

Copper stocks continued to decline. Labor risks in Chile's two major copper mines have been lifted one after another, and US copper tariffs have been delayed. China's nonferrous mining industry (01258) fell 4.9%; Luoyang Molybdenum (03993) fell 4.9%; Minmetals Resources (01208) fell 4.6%.

Optical Communications concept stocks had the highest decline. North American cloud vendors have entered the earnings season, and the market continues to pay attention to cloud vendor capital expenses. Zhongji Xuchuang (03308) fell 8.7%; Changfei Optical Fiber Cable (06869) fell 10%.

Sands China (01928) fell by more than 5%, and adjusted property EBITDA fell 12% year-on-year in the third quarter.

Coal stocks have recently accelerated their decline. The resumption of work and production in coal mines in Shanxi is accelerating, and the market is worried that high coal prices are suppressing downstream demand. China Shenhua (01088) fell 3%; China Coal Energy (01898) fell 3%.

Changguang Chenxin (03277) fell more than 6% to hit a new listing low, and Cornerstone Investors have fallen nearly 20% since the ban was lifted.