Hong Kong stock market noon review: Hang Seng Index fell by 0.55% after four consecutive gains, AI concept stocks declined, the three major oil stocks rose, and lithium battery stocks continued to be active.

In the early trading session, the three major Hong Kong stock indexes surged before falling back and turning lower, with the Hang Seng Tech Index experiencing a relatively large decline of 1.83% at midday. The Hang Seng Index and the state-owned enterprise index fell by 0.55% and 0.69% respectively, bringing an end to their four consecutive days of gains. Most weighted technology stocks trended lower, with Alibaba, which had been on a continuous strong run, dropping by nearly 3%. Stocks related to AI applications, which had a significant surge yesterday, collectively fell, with leading AI medical stocks experiencing larger declines, including a 9% drop for Alibaba Health. Additionally, the three major oil companies saw gains, with Sinopec hitting a new high, and lithium battery stocks remained active.