The three major indexes of Hong Kong stocks fell in the morning trading. The Hang Seng Index fell 1.09% to 23591 points, the National Index fell 1.09% to 8405 points, and the Hang Seng Technology Index fell 1.04% to 6036 points.

By midday's close, Hong Kong stocks were up 630, down 1135, to close flat at 1067.

On the plate side, large technology stocks fell collectively.NetEase, Inc fell 6%, JD.com and Meituan fell 3%, BABA and Bilibili Inc. fell 2%, Baidu, Inc. and Tencent fell more than 1%.

Semiconductor stocks rose collectivelyHua Hong Semiconductor rose more than 8 per cent, the share price hit a four-month high, the stock rose 37 per cent in the month, and Shanghai Fudan rose 35 per cent in the month.

Non-ferrous metal stocks rose collectively.Ganfeng Lithium closed up 4.6 per cent, China Nonferrous Mining 4.44 per cent and China Molybdenum 4.3 per cent.

Mobile games stocks fell.NetEase, Inc fell 6.86%, Jinshan Software fell nearly 5%, Xinxin Company fell nearly 3%, middle-hand Tour and Tencent fell by more than 1%.

Collective callback of e-cigarette concept stocksBYD Electronic fell 8.79%, Huabao International fell more than 8%, and Smoore International Holdings Limited fell more than 6%.

Individual stocks$Meituan-W (03690.HK) $Down 3.27%, after the performance was lowered by a number of major banks target price. BofA lowered its target price to HK $287 and UBS lowered its target price to HK $320.

$Li Auto Inc.-W (02015.HK) $It rose 2.31%, and total revenue in the third quarter rose 209.7% year-on-year to 7.78 billion yuan.

$China Gas (00384.HK) $Continued decline, the decline widened to 19%, a 52-week low, medium-term net profit fell nearly 20% year-on-year.

$Ganfeng Lithium (01772.HK) $It rose 4.6%, the supply was tight and the downstream stock was overlaid, and the price of battery-grade lithium carbonate accelerated.

$Guangzhou Automobile Group (02238.HK) $Up nearly 4%, GAC Ean asset restructuring, the follow-up will be introduced into the war and seek the right time to list.

$Lijin Technology (00558.HK) $After the performance, it rose and fell, closing down nearly 9 per cent at midday, while medium-term net profit rose 186.2 per cent year-on-year to HK $324 million.

$Hua Hong Semiconductor (01347.HK) $With an increase of more than 8%, institutions are optimistic about the growth and certainty of the company's performance brought about by the expansion of production during the business cycle.

$Gao Wei Electronics (01415.HK) $It rose 10.6% and continued to set a new high. Apple Inc reached the top of the domestic mobile phone market in October. According to the China Central News this year, Gao Wei Electronics accounts for 98% of the revenue from Apple Inc.

$Sun City Group (01383.HK) $After the resumption of trading fell nearly 40%, last night announced that Zhou Chouhua intends to resign as chairman of the board and executive director.

Bank of America: downgrade$Meituan-W (03690.HK) $Target price to HK $287, rating buy.

According to a research report issued by Bank of America Securities, it was observed that the competition pattern of Meituan's main business remained basically stable. Delivery orders for takeout increased by 25% year-on-year in the third quarter, which was similar to that of ele.me. Hotel orders recorded year-on-year growth, while Trip.com (09961.HK) may record a decline during the comparison period. The bank expects that Meituan will be able to improve the level of subsidies for takeout, hotel and community group buying in the future, reiterating the buying rating. BofA Securities said that the out-of-sale distribution business grew by less than 20 per cent in the fourth quarter, cutting its revenue forecast for 2021-2023 by 2-9 per cent, with a slight reduction in the target price from HK $289 to HK $287.

Bank of America: upward adjustment$Smoore International Holdings Limited (06969.HK) $Target price to HK $59, rating buy.

Bank of America Securities issued a report that the State Council announced last Friday that the regulations on the implementation of the Tobacco Monopoly Law of the people's Republic of China will be revised from now on, and new types of tobacco, such as electronic cigarette products, will be formally regulated with reference to the current provisions of traditional tobacco. The bank believes that legal changes legalize China's new tobacco development and for the first time partially ease the industry's long-standing concerns about regulatory uncertainty. In terms of implementation, BofA expects some flexibility in e-cigarettes because the law shows that the current regulations are only a reference. As a result, the Smallmark price will be raised by 28 per cent to HK $59, but the exact impact remains uncertain, depending on regulatory details, reiterating the buy rating.

Half-day turnover TOP20