Hong Kong Stock Market Midday Report: Opening lower and trending higher, the Hang Seng Index rose by 1.11% to set a new stage high. Lithium battery stocks showed strength, with Contemporary Amperex Technology reaching a new high.

The three major indexes of the Hong Kong stock market presented a low opening and high trend in the morning session, with the Hang Seng Technology Index leading the gain with an increase of 1.11% at noon, hitting a new high. The Hang Seng Index rose by 0.29%, while the state-owned enterprise index increased by 0.34%, and market bullish sentiment remained active. On the market, large-cap technology stocks, which serve as barometers of the market, collectively rose, with Alibaba up by about 3%, NetEase and Xiaomi up by more than 1%, and Kuaishou, JD.com, Meituan, and Tencent all seeing gains, although Baidu fell by nearly 2%. Lithium battery stocks saw significant gains, with multiple positive factors driving Ningde Times surging by over 7% and hitting a new high, while Ganfeng Lithium, AVIC Technology, and BYD Co., Ltd. followed the trend. As the Ministry of Industry and Information Technology released a plan to stabilize growth in the automobile industry and continue to optimize consumer promotion policies, automobile stocks rose across the board, with NIO and Li Auto leading the way with increases of over 5%. Biopharmaceutical stocks, coal stocks, brain-machine interface concept stocks, and semiconductor stocks mostly displayed active performance. However, national real estate development investment in August decreased by 12.9% year-on-year, while personal mortgage loans decreased by 10.5%, leading to a collective weakening of real estate stocks. Entertainment stocks, heavy machinery stocks, catering stocks, Chinese securities stocks, and Macau gaming stocks mostly performed poorly.