Hong Kong Stock Market Midday Review: After a slight rise in the morning, the Hang Seng Index fell, with Baidu experiencing a drop of over 10% at one point during the session

According to Jinshi Data on November 22, the Hong Kong Hang Seng Index fell 103 points yesterday, ending a three-day rise. This morning, it opened more than 100 points higher but continued to fluctuate and decline, with the drop expanding towards the end of the morning session. By the time of the lunch break, the Hong Kong Hang Seng Index was down 1.31%, and the Hang Seng Tech Index closed down 1.19%. In terms of sector stocks, large tech stocks performed poorly, with Baidu (09888.HK) showing weak performance after earnings, dropping over 10% at one point, and closing down 9.06% at the lunch break; Alibaba (09988.HK), Meituan (03690.HK), and Kuaishou (01024.HK) all fell over 2%. Xiaomi Group (01810.HK) bucked the trend, rising nearly 4%. Chip stocks opened higher but fell back, with Hua Hong Semiconductor (01347.HK) at one point rising over 5%, but closing down 5.23% at midday