Hong Kong's Hang Seng Index rose 0.2% at midday, technology stocks continue to differentiate, and the three major oil companies hit new highs.

In the morning session, the three major indexes of Hong Kong stocks fluctuated slightly, showing mixed movements. By the midday break, the Hang Seng Index rose 0.2%, the State-owned Enterprises Index rose 0.21%, and the Hang Seng Technology Index fell 0.2%. The trend of large technology stocks continued to diverge, with Baidu rising over 6% as it reportedly secured 260,000 orders for autonomous taxi services per week. Tencent rose 1.5%, while Xiaomi and JD.com fell over 1%. OPEC+ plans to suspend production increases in Q1 next year, and Morgan Stanley has raised short-term oil price expectations. The three major oil companies continued to rise to new highs, with PetroChina hitting a new high since April 2008. Domestic banking and insurance stocks also performed actively. In addition, in the early trading, spot gold fell below $3990, and gold stocks continued to lead the decline in non-ferrous metal stocks. Concept stocks of innovative pharmaceuticals, which surged yesterday, collectively weakened.