Hong Kong Stocks Midday Review: Hang Seng Index Drops 0.87% at Midday, Auto Stocks Decline Across the Board

Jin10 Data, October 3 — In this morning's session, Hong Kong stocks' major indices opened lower and continued to decline. By midday close, the Hang Seng Index fell 0.87%, and the Hang Seng Tech Index dropped 1.44%. Auto stocks were collectively sluggish, with BYD Company Limited (01211.HK) down over 4%, XPeng Inc. (09868.HK) down 3.89%, Leapmotor (09863.HK) and Li Auto Inc. (02015.HK) both down around 3%. Most tech stocks also declined, including Kuaishou (01024.HK), which fell 3.54%, JD.com (09618.HK) down 2.31%, and Baidu (09888.HK), Bilibili (09626.HK), and NetEase (09999.HK) all down nearly 2%. In terms of individual stocks, Zijin Gold International (02259.HK) rose 1.24% after being quickly included in the Hong Kong Hang Seng Composite Index. Yunfeng Financial Group (00376.HK) surged over 7% following the company's announcement of a strategic investment in a global cryptocurrency life insurance firm. Additionally, Dazhong Public Utilities (01635.HK) closed up 28.34%, with its intraday stock price hitting a historic high.