Futu News reported on April 3 that the three major indices of Hong Kong stocks fluctuated downward. As of press release, the Hang Seng Index had fallen 0.71%, the Science Index had fallen 1.29%, and the National Index had fallen 0.64%.

On the sector side, TechNet stocks declined collectively, with Xiaomi falling nearly 4%, Meituan, NetEase, Bilibili, Kuaishou, and Jingdong falling about 1%, and Tencent and Ali falling slightly.

Auto stocks generally fell, with NIO falling more than 5%, Xiaopeng falling more than 3%, and BYD, Ideal, and Geely falling more than 2%.

Gold stocks reversed the market and rose by more than 5%, China Gold International by more than 4%, Shandong Gold by more than 3%, and Zijin Mining by more than 1%.

In terms of individual stocks,$ZHAOJIN MINING (01818.HK)$It rose more than 5%, risk aversion compounded expectations of interest rate cuts, and international gold prices reached a new high.

$BYD ELECTRONIC (00285.HK)$It fell more than 3%, consumer electronics demand was sluggish, and major banks lowered their performance forecasts.

$COWELL (01415.HK)$With a drop of nearly 4%, iPad pressure compounded increased operating expenses, and full-year results fell slightly short of expectations.

editor/tolk