Hong Kong Stock Market Midday Review: Hang Seng Index falls below 21,000 points, automobile and oil sectors sluggish in early trading

Jinshi Data reported on October 15th that the Hang Seng Index opened lower by 0.2% in the morning, briefly rose before continuing to decline. By the midday close, the Hang Seng Index and the Hang Seng Tech Index fell by 1.34% and 1.15% respectively; the Hang Seng Index fell below the 21,000 level, while the Hang Seng Tech Index barely held above 4600 points. On the market, popular internet stocks collectively declined, with Meituan (03690.HK) and Baidu (09888.HK) both dropping by over 3% in the morning session, while Tencent Holdings (00700.HK) and Alibaba (09988.HK) fell by over 2%; automotive and oil stocks were sluggish, with Great Wall Motor (02333.HK) and Nio (09866.HK) leading the declines. The semiconductor chip concept bucked the trend and strengthened, with SMIC (00981.HK) closing up 4.32% in the morning session