Hong Kong Stock Afternoon Review | Hang Seng Index fell 0.93% in early trading, and NEV stocks bucked the trend

The Zhitong Finance App learned that the Hong Kong Stock Hang Seng Index fell 0.93% to 23562.09 points, while the Hang Seng Technology Index fell 0.68%. Hong Kong stocks traded HK$177.025 billion in early trading.

New energy vehicle stocks bucked the trend. By the midday close, NIO - SW (09866) rose 8.66%; Xiaopeng Motor-W (09868) rose 6.16%; and Zero Sports Auto (09863) rose nearly 5% after the results. The company's revenue surged 92% year on year last year, and net profit was corrected in the fourth quarter.

Bitcoin fell below the $80,000 mark, and cryptocurrency ETFs and related concept stocks had the highest declines. Harvest Ether (03179) fell 10.42%; Bosch Ether (03009) fell 10.28%; Blue Port Interactive (08267) fell 6.78%.

Expectations of a US recession have increased, gold prices fluctuated at high levels, and gold stocks declined across the board. Lingbao Gold (03330) fell 10.26%; Zijin Mining (02899) fell 4.46%; Shandong Gold (01787) fell 1.42%.

Domestic housing stocks are collectively under pressure. Rongxin China (03301) fell 5.88%; Agile Group (03383) fell 4.62%; Yuexiu Real Estate (00123) fell 2.77%.

Multipoint Digital Intelligence (02586) surged 31%, and the company was included in the Hong Kong Stock Connect. AI products were recently connected to DeepSeek and completed localization.

Old store gold (06181) rose nearly 12% to a new high. Net profit for the whole year increased by up to 2.6 times year-on-year, and sales in many of the company's stores were booming.

Mao Geping (01318) rose more than 9.51% before breaking the peak. It is expected that capital will be further opened up after opening, and the company is in a phase of rapid upward brand growth.

Michelle Group (02097) rose another 9.05%, and its stock price continued to hit a new high. The total market value exceeded HK$160 billion.

Bruker (00325) rose more than 8%, and the company appeared at the New York Toy Fair. The agency indicated that it was steadily advancing the pace of globalization.

Shangmei shares (02145) rose 8.94%, and Han Shu topped the Douyin beauty list with 38 major promotions. The company's net profit pre-increased by more than 60% last year.

Beijing Electromechanical Co., Ltd. (00187) fell by more than 14%. The company said that current hydrogen-related products contributed limited to performance.

Lingbao Gold (03330) fell by more than 10% and plans to discount 12.38% of the allotment to raise HK$229 million net.

Helen's (09869) fell nearly 9% in the intraday period. The company was removed from the Hong Kong Stock Connect list, and the total market value was close to HK$2 billion.