According to 36Kr Finance's app, the Hang Seng Index fell by 0.86% in the morning session, closing at 20772 points; while the Hang Seng Tech Index rose by 0.15%.

Automobile stocks led the gains, with hot sales in the October car market. Xpeng Auto-W (09868) rose by 16.40%, closing at HKD 58.20; Geely Auto (00175) rose by 4%; Nio-SW (09866) rose by 3.74%.

Auto dealers strengthened during the trading day. The new policies promoting auto subsidies significantly boost consumer spending, with year-end car purchase demand expected to continue to increase. Zhongsheng Holdings (00881) rose by 13.06%; Meidong Auto (01268) rose by 4.66%; Yongda Auto (03669) rose by 3.03%.

Medical insurance negotiations support innovative drugs, and institutions believe there is still room for further recovery in the sector. Some pharmaceutical stocks rose, as of the time of publication, China Medical System-B (02171) rose by 31%, closing at HKD 8.81; CanSinoBIO (09966) rose by 7.49%; Livzon Pharmaceutical-B (02157) rose by 4.59%; Sino Biopharmaceutical (01952) rose by 5.23%; Genscript Biotech Corp-B (01541) rose by 3.29%.

Chicmax (02145) rose by 1.94%, Han Shue's growth momentum is strong, earning the certification as the "Global Leader in Hexapeptide Research."

Miniso (09896) rose by over 3.89%, the Harry Potter series is launching by the end of October, expected to boost performance in domestic and international stores.

Cansinobio (06185) rose by 6.78% in early trading, with sales revenue of meningococcal vaccine products in the first three quarters increasing by nearly 40% year-on-year.

GCL Tech (03800) rose by 1.27% in early trading, as the company's production capacity utilization rate rebounded, and the cost of polysilicon is expected to continue reaching new lows.

ZJLD (06979) fell by over 4%, with baijiu performance plummeting in the third quarter. Institutions said that the subsequent demand is expected to recover.