Futu News reported on December 5 that the three major indices of the Hong Kong stock market started low and headed lower. As of press release, the Hang Seng Index was down 1.42%, the Science Index was down 1.85%, and the National Index was down 1.15%.

Sector-wise, Internet stocks declined collectively. NetEase fell by more than 4%, Xiaomi, Meituan, Baidu, and Kuaishou by more than 2%, Tencent and JD by nearly 2%, and Alibaba by nearly 1%.

Auto stock trends diverged. NIO rose more than 4%, BYD and Xiaopeng rose about 2%, Zero Run fell nearly 2%, Great Wall fell nearly 1%, and Ideal and Geely fell slightly.

Domestic housing stocks and property management stocks generally fell. Sunac China and Country Garden fell more than 1%, Country Garden Services and Ocean Group fell 1%, and Vanke Enterprises, Longhu Group, and China's overseas development fell nearly 1%.

Gaming stocks strengthened. Sands China Limited rose more than 2%, Galaxy Entertainment rose nearly 1%, and MGM China fell slightly.

In terms of individual stocks,$NIO-SW (09866.HK)$With an increase of more than 4%, it has been revealed that the company has obtained independent car building qualifications and will announce its Q3 financial report after the market today.

$WUXI BIO (02269.HK)$It continued to fall by more than 9%, with a turnover of over HK$2.7 billion, which temporarily ranked first. The stock fell by more than 23% yesterday.

$HKEX (00388.HK)$It fell by more than 5%, and the amount of capital raised in Hong Kong stock trading and initial IPOs this year was under pressure.

$ZIJIN MINING (02899.HK)$It fell close to 3%. Expectations of the Fed's interest rate cut were too optimistic, and international gold prices declined from high levels.

editor/tolk