Hong Kong Stock Afternoon Review | The Hang Seng Index fell 0.52% in early trading, and the Ningde Era fell by more than 4%

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index fell 0.52% to 129 points to 24,704 points; the Hang Seng Technology Index fell 1.11%. Hong Kong stocks traded HK$82.1 billion in early trading.

The sub-new stock, Najun Technology (09856), rose more than 7%. Nazhen Technology is backed by Hisense Group and is expected to form healthy interactions with the other two listed companies.

Xunce (03317) rose more than 4%, and recently joined hands with Gimpo Investment to explore building an AI-native and Token-native portfolio ecosystem.

Multipoint Digital Intelligence (02586) has risen by more than 14%. The cumulative stock price has risen by more than 90% in the past two weeks, and the company's AI retail ecosystem is being implemented at an accelerated pace.

Botai Auto Federation (02889) rose 2.7%, and the company signed a memorandum of strategic cooperation with Arm to deepen the physical AI layout.

Galax Technology (02729) rose 20%, the intelligent logistics in the market was gradually upgraded, and the company accelerated its expansion into overseas markets.

Zhida Technology (02650) rose 2.99% to raise about HK$203 million in net allotments to increase the public charging infrastructure and robotics business.

Tourover-W (09690) rose 6% to acquire all of Australia's shares in Conti Trade Australia Pty Ltd to advance its international expansion strategy.

The Ningde Era (03750) fell by more than 4%, and car companies adjusted their battery supply systems. Citigroup indicated that the market was too concerned about battery demand.

Copper stocks had the highest decline. Expectations of another rate hike by the Federal Reserve are heating up, and institutions indicate that copper price support will weaken marginally in the future. Luoyang Molybdenum Industry (03993) fell 4.6%; Jiangxi Copper Co., Ltd. (00358) fell 3.5%.

Domestic housing stocks collectively declined. Rumors of mortgage interest rate cuts have ignited the market, and the industry believes that it is unlikely that the relevant policies will be implemented. Sunac China (01918) fell 1.5%; Xincheng Development (01030) fell 3.3%.

Muyuan Co., Ltd. (02714) fell by more than 4%. The supply-side increase exceeded the increase in demand, and pig prices fell under pressure before the holiday season.