Hong Kong stocks opened lower, rallied intraday then faded. At close the Hang
Seng Index fell 0.13% while the Hang Seng Tech Index rose 0.91%. Large-cap
internet names recovered: Meituan (03690.HK) +5%, Alibaba (09988.HK) +2%.
New-energy vehicle/consumer tech names firm: Xiaomi Group (01810.HK) +4%, NIO‑SW
(09866.HK) +2%. Coal names spiked then eased; Yancoal Australia (03668.HK)
closed +3%. Active sectors: ports & shipping, oil, AI applications, intelligent
driving, building materials & cement. Optical-communications stocks slumped;
Changfei Optical Fiber & Cable (06869.HK) and Cambridge Technology (06166.HK)
both fell >6%. Biopharma, semiconductors, commercial aerospace, PCB, lithium
battery and power equipment labeled.
