Futu News reported on December 7 that the three major indices of Hong Kong stocks have collectively weakened. As of press release, the Hang Seng Index is down 1.69%, the Science Index is down 1.78%, and the National Index is down 1.82%.

Sector-wise, Internet stocks generally declined. Kuaishou and Meituan fell nearly 3%, NetEase, Xiaomi, Tencent, and Baidu fell about 2%, and Ali and Bilibili fell more than 1%.

Most automobile stocks fell. BYD shares, Geely Automobile, and Great Wall Motor fell nearly 2%, while Zero Sports and Guangzhou Automobile Group fell by more than 1%.

Pharmaceutical stocks fell collectively. Pharmaceuticals Biotech fell by more than 6%, Kingsley Biotech by nearly 4%, Kangfang Biotech by more than 3%, and Pharmaceuticals by more than 2%.

Oil stocks weakened. CNPC fell nearly 3%, CNOOC and Sinopec fell about 2%, and CNOOC services fell nearly 1%.

In terms of individual stocks,$HKEX (00388.HK)$It fell by nearly 5%. The number of IPOs and capital raised in Hong Kong fell sharply year on year this year.

$CGN MINING (01164.HK)$It continued to fall by more than 10%, and the stock price doubled during the year. Agencies expect the company's nuclear power owners to be more anxious about locking in supply.

$PETROCHINA (00857.HK)$Oil stocks fell by nearly 3%. International oil prices fell sharply, and the market was worried about a resurgence of the price war.

edit/ruby