Futu News reported on January 31 that the three major indices continued to decline. As of press release, the Hang Seng Index had fallen 1.36%, the Science Index had fallen 2.47%, and the National Index had fallen 1.54%.

On the sector side, TechNet stocks have collectively weakened, with Xiaomi falling nearly 4%, Meituan falling nearly 3%, Kuaishou falling more than 2%, and Ali, JD, and Baidu falling more than 1%.

Domestic housing stocks continued to decline, with Country Garden falling more than 3%, Longhu Group, Xincheng Development, and Sunac China falling nearly 2%, and China Resources Land falling more than 1%.

Apple concept stocks fell, with Shunyu Optical Technology falling more than 8%, Gaowei Electronics falling more than 6%, Ruisheng Technology falling more than 4%, and BYD Electronics falling more than 1%.

Pharmaceutical stocks weakened collectively, with Pharmacovigilance falling more than 5%, Pharmaceutical Biotech falling nearly 5%, BeiGene Shenzhou and Kingsry Biotech falling more than 2%, and Kangfang Biotech falling more than 1%.

Auto stock performance was weak, with Zero Sport and NIO falling more than 5%, Xiaopeng Motors falling more than 4%, Great Wall Motors falling more than 3%, and BYD shares falling more than 1%.

In terms of individual stocks,$SUNNY OPTICAL (02382.HK)$The profit margin dropped more than 8% after that, and net profit is expected to fall by more than 50% year on year last year.

$GANFENGLITHIUM (01772.HK)$It fell more than 6%. Net profit due to mother is expected to be 4.2 billion to 6.2 billion yuan in 2023, a year-on-year decrease of about 69.76%-79.52%.

Editor/Corrine