Futu News reported on March 27 that Hong Kong stocks weakened in early trading and are now rapidly picking up close to midday trading. The Hang Seng Index turned upward and eventually fell 0.51%, the Hang Seng Technology Index fell 1.74%, and the State-owned Enterprises Index fell 1.01%.

By the midday closing, Hong Kong stocks had risen 537, fell 1103, and closed at 1,351.

In terms of the sector, the majority of Science and Technology Network stocks have weakened.Meituan fell more than 4%, Tencent, Kuaishou, and Bilibili fell more than 1%, fell more than 2%, and Alibaba bucked the market and rose nearly 2%.

Most auto stocks have declined.NIO fell more than 2%, while Ideal Auto, Geely Automobile, Xiaopeng Motor, Great Wall Motor, etc. fell about 1%.

A collective rebound in domestic housing stocks,Rongxin China and Country Garden fell more than 3%, Agile Group and Xuhui Holding Group fell nearly 3%, and Longhu Group fell more than 2%.

Oil stocks fluctuated weakly,Sinopec declined more than 3%, CNOOC declined slightly, and CNPC remained flat.

Most pharmaceutical outsourcing concept stocks have risen.Kanglong Chemical and Tiger Pharmaceutical rose nearly 6%, Kingsley Biotech rose more than 4%, and Pharmaceutical Ming Biotech and Pharmaceutical Kangde rose more than 2%.

In terms of individual stocks,$MEITUAN-W (03690.HK)$After the performance fell by more than 4%, Daimo lowered its target price to HK$180.

$BIDU-SW (09888.HK)$It fell more than 2%, and at one point it fell more than 4%. Baidu Smart Cloud said that the press conference was not cancelled. Wen Xin's Yiyan Cloud Service has received widespread attention from business partners and has already received application tests from 120,000 companies. In order to better meet the strong needs of existing customers, the press conference originally scheduled for Baidu Smart Cloud on March 27 was changed to a closed-door communication session for the first batch of companies invited to test, with in-depth and thorough technical exchanges and interaction. The time and place of the conference remained unchanged.

$YANKUANG ENERGY (01171.HK)$The net profit of the mother increased by nearly 9%, increased 89% year-on-year to 30.77 billion yuan in 2022, and the dividend ratio increased to 69%.

$SINOPEC CORP (00386.HK)$It fell more than 3%, and net profit returned to the mother in 2022 fell 6.89% year on year. The proposed issuance of new A-shares to Sinopec Group raised no more than 12 billion yuan.

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Editor/Somer