Futu News reported on January 22 that the three major indices opened high and went low. As of press release, the Hang Seng Index had fallen 1.3%, the Science Index had fallen 1.63%, and the National Index had fallen 1.32%.

On the sector side, TechNet stocks generally declined, with Bilibili and Meituan falling more than 5%, Baidu and Tencent falling more than 2%, and NetEase, JD, and Kuaishou falling slightly.

Auto stocks weakened, with Zero Sport falling more than 7%, NIO falling more than 5%, and Ideal Auto and Great Wall Motors falling about 3%.

Restaurant stocks had the highest declines, with Jiumaojiu falling more than 6%, Haidilao falling more than 5%, and Xiabuxiabu and Naixue's tea falling about 4%.

Real estate and property management stocks fell sharply, with Sunac China falling nearly 8%, Greentown China and China Resources Land falling more than 7%, and Country Garden and Country Garden Services falling more than 4%.

In terms of individual stocks,$COSCO SHIP ENGY (01138.HK)$With a drop of more than 4%, the Red Sea crisis had limited emotional impact on VLCC.

$JIUMAOJIU (09922.HK)$With a drop of nearly 6%, Jefferies said same-store sales recovery was slower than expected and lowered its target price and profit estimates.

$HBM HOLDINGS-B (02142.HK)$Profit rose more than 7% later, and the expected annual profit was about US$18 million, turning a year-on-year loss into a profit.

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