"Hong Kong Stocks" The Hang Seng Index fell 160 points in the first half of the day, Alibaba and Xiaomi were under pressure, while Geely and Li Ning rose sharply

Israel claims to suspend attacks on Iranian energy facilities, and oil prices retreat from high levels. Hong Kong stocks softened under the drag of Alibaba (09988.HK) and Xiaomi (01810.HK). The Hang Seng Index opened down 163 points, initially rising 63 points to 25,563 points before falling again, closing down 160 points or 0.6% at 25,340 points; the National Index fell 82 points or 0.9% to 8,613 points; the Hang Seng Tech Index dropped 84 points or 1.7% to 4,911 points. The total turnover of the market for the half day was HKD 154.196 billion.

Alibaba (09988.HK) reported a 67% drop in non-GAAP net profit for the third fiscal quarter, far below expectations, with its stock price falling 5.8%. Xiaomi (01810.HK) launched the new generation SU7 priced at RMB 4,000 more than the previous model, but reduced the pre-sale price by RMB 6,000 to 10,000 compared to earlier announcements, and announced an investment of over RMB 60 billion in AI over the next three years. Xiaomi's stock price fell 6.9% to HKD 33.8. In other tech stocks, Tencent (00700.HK) fell 0.5% to HKD 510.5, Meituan (03690.HK) and Kuaishou (01024.HK) dropped 1.9% and 2.2%, Baidu (09888.HK), NetEase (09999.HK), and Bilibili (09626.HK) fell 0.7% to 1.1%, and JD.com (09618.HK) dropped 3.6%. Yueda (00772.HK) and Kingsoft Cloud (03896.HK) fell over 4%, and Meitu (01357.HK) dropped 3.1%.

AI stock Zhipu (02513.HK) fell 1.1%, and MiniMax (00100.HK) dropped 0.6%. In the chip sector, SMIC (00981.HK) fell 2%, while Hua Hong (01347.HK) rose 1.6%. Wallen (06082.HK) rose 2.9%, and Tianneng Intelligent Chip (09903.HK) increased by 5.1%.

Energy storage and new energy concepts were hotly traded, with Ningde (03750.HK) and CALB (03931.HK) rising 4.7% and 8.8%, respectively. Hongteng (06088.HK) surged 13.2%, and Xinyi Solar (00968.HK), Goldwind (02208.HK), and Flat Glass (06865.HK) rose between 4.8% and 6%. Lithium stocks Tianqi Lithium (09696.HK) and Ganfeng Lithium (01772.HK) increased by 3.7% and 5.3%. In the automotive sector, Geely (00175.HK) surged 7% to HKD 19.62. Li Auto (02015.HK) and BYD (01211.HK) rose 3% and 1.8%. Nio (09866.HK) stated that its self-developed chips have been mass-produced over 550,000 units, and its stock fell 0.2% along with the market. XPeng (09868.HK) and Chery (09973.HK) dropped 3.4% and 2.7%, while Chang'an Automobile (02333.HK) rose 2.5% Horizon Robotics (09660.HK) reported a full-year loss of RMB 10.469 billion, turning from profit to loss. Management is confident that it can maintain a gross margin level of over 60% in the future, with the stock price rising 1.9% to HKD 7.39.

Qatar indicated that Iran's attacks resulted in a 17% loss of its liquefied natural gas exports, causing gas stock Kunlun Energy (00135.HK) to rise 1.4%. Oil stock PetroChina (00857.HK) also rose 1.4%. Gold prices rebounded to the USD 4,700 level, with Zhaojin (01818.HK) and China Gold International (02099.HK) rising over 2%, while Zijin Mining International (02259.HK) and Lingbao (03330.HK) rose 6.4% and 7.1%, respectively.

In the financial sector, HSBC (00005.HK) fell 0.5%, Hong Kong Exchanges and Clearing (00388.HK) closed flat at HKD 398.6, and AIA (01299.HK) rose 3% to HKD 85.25. ZhongAn Online (06060.HK) reported a full-year net profit increase of over 82%, with adjusted net profit rising 1.98 times. ZA Bank recorded its first annual profit, but its stock price fell 4.8% to HKD 13.82 in half a day.

CK Hutchison (00001.HK) reported a basic earnings increase of 7% year-on-year, with a final dividend rising to HKD 1.602, and its stock price rose 1%. Cheung Kong (01113.HK) reported a full-year net profit decline of 21%, with a final dividend of HKD 1.39, and its stock fell 1.5%. Li Ning (02331.HK) reported a 3% decline in net profit, beating market expectations, with its stock price rising 10.7% to HKD 21.85. China Unicom (00762.HK) reported a 1% increase in full-year net profit, with a final dividend decreasing to HKD 0.1329, and its stock price fell 3.8% to HKD 7.25. MGM China (02282.HK) reported a 10% increase in full-year net profit, with a final dividend rising to HKD 0.353. Morgan Stanley expects the company's earnings per share and payout ratio to decline this year and downgraded its rating to "neutral," causing MGM China to drop 6.5% to HKD 11.23. Samsonite (01910.HK) reported a 16% decline in full-year net profit, with its stock price falling 7.5% to HKD 15.44.

Starting today, the Shenzhen Stock Exchange will include Guanghe Technology (01989.HK) in the list of eligible securities for the Hong Kong Stock Connect on its first day of listing. Guanghe Technology's stock closed at HKD 104.8, up 45.8% from its listing price of HKD 71.88