Hong Kong Stock Market Midday Report: Opening High and Low Going! Hang Seng Index Falls by 0.27%, AI Concept Stocks Continuously Pull Back, Policy Favorable for Power Equipment Stocks Active.

In the morning session, the three major indexes of Hong Kong stocks opened higher and then turned lower, collectively falling. The Hang Seng Index fell by 0.27%, the state-owned enterprise index fell by 0.4%, and the Hang Seng Technology Index fell by 0.22%. Most weighted technology stocks fell, with Xiaomi, JD.com, Meituan, and Tencent all experiencing declines, while Alibaba bucked the trend with a 1% increase. The AI application-related sector continued yesterday's sharp correction, with AI medical stocks experiencing significant declines. Heavyweights such as insurance stocks, Chinese securities firms, and oil stocks were collectively weak. In addition, State Grid Corporation disclosed a 4 trillion yuan plan, boosting the electricity sector amidst a favorable economic cycle. Stocks in the power equipment, copper industry, and semiconductor sectors mostly rose.