Hong Kong Stock Midday Review: The Hang Seng Index opened high in the morning but fell back, constrained by the 20,000 mark; overall recovery and improvement in automotive stocks

According to Jinshi Data on December 18, after a three-day decline of nearly 700 points, the Hang Seng Index opened higher today, initially rising over 200 points. However, it was constrained by the 20,000 mark, and after failing to break through, the gains narrowed. The Hang Seng Tech Index maintained high volatility in the morning. As of the midday close, the Hang Seng Index rose by 0.58%, closing at 19,815.30 points, while the Tech Index rose by 1.34%, closing at 4,447.80 points, with a total market turnover of HKD 55.651 billion. On the market, automotive stocks rebounded, the Chinese special valuation sector remained strong, while airline and gaming stocks underperformed the market. In terms of individual stocks, Guolian Securities (01456.HK) opened high but closed down 2.7%, Cathay Pacific Airways (00293.HK) closed down 2.29%, Li Auto (02015.HK) closed up 3.87%, and China Merchants Bank (03968.HK) closed up 2.55%