The following day (the 12th), the three major U.S. stock indices showed mixed performances. Continuous attacks in Saudi Arabia led to an increase in oil prices; the Dow Jones Industrial Average closed up 0.38%, while the Nasdaq and the S&P 500 Index fell by 0.44% and 0.06%, respectively. This morning (the 13th), the Hang Seng Index opened down 99 points, and its decline later widened to nearly 300 points. It briefly fell below the 24,000 mark during the session, closing at 24,176 points, a decrease of 95 points or 0.39%. The trading volume for the main board during the first half of the day was 101.781 billion yuan. The Hang Seng Technology Index closed at 4,105 points, down 64 points or 1.54%; the State-Owned Enterprises Index closed at 8,121 points, down 46 points or 0.57%.

Leading tech stocks led the decline, with JD.com (-SW (09618. HK)) falling 3.69%, after Bank of America Securities and Sumitomo Mitsui Securities lowered their target prices; Meituan-W (03690. HK), Alibaba-W (09988. HK), Baidu-W (09888. HK), Kuaishou-W (01024. HK), and NetEase (09999. HK) all fell more than 1%; Tencent (00700. HK) fell 0.89%.

Relevant content: Morgan Stanley expects HSBC (00005.HK) and Standard Chartered (02888.HK) to see year-on-year increases of 11% and 7% respectively in adjusted pre-tax profits for the third quarter, with continued revenue momentum.

Yangtze Memory Technologies plans to launch a new architecture memory product by the end of the year, which dragged down foreign chip stocks the following day. Huahong Hongli (01347.HK) fell by 5.45%, marking the worst performance among blue-chip stocks for the day; SMIC (00981.HK) fell by 1.42%; Lanqi Technology (06809.HK) fell by 4.4%; GigaDevice Technology (03986.HK) fell by 3.3%; SK Hynix, which is listed in Hong Kong, saw its most leveraged (2x) product (07709.HK) plummet by 18.16%; and Samsung Electronics' most leveraged (2x) product (07747.HK) fell by 16.46%.

International financial stocks performed well against the market trend: HSBC (00005.HK) rose by 1.08%; AIA Insurance (01299.HK) rose by 0.76%; Standard Chartered (02888.HK) rose by 1.87%, with Goldman Sachs raising its target price to HK$282. Several major domestic bank stocks reached new highs, but some showed mixed performance: Bank of China (03988.HK) fell slightly by 0.08%; Industrial and Commercial Bank of China (01398.HK) fell by 0.26%; China Construction Bank (00939.HK) rose by 0.05%; Agricultural Bank of China (01288.HK) rose by 0.53%.

Biotech and pharmaceutical stocks were generally under pressure, with KingMed Biotech (01548. HK) falling 12.43%; WuXi AppTec (02269. HK) falling 4.37%; WuXi AppTec Group (02268. HK) falling 6.15%; JingTai Holdings (02228. HK) falling 5.73%; CanSino Biologics (06185. HK) falling 4.53%; Innovent Biologics (01801. HK) falling 1.14%.

Relevant News: Morgan Stanley Downgrades Haidilao (06862.HK) to "In Line with the Market" and Lowers Target Price to HK$10.5

Gambling stocks rebounded, with Galaxy Entertainment (00027. HK) being listed as the industry's top choice by Morgan Stanley, closing up 2.72% for the best performance among blue-chip stocks; Sands China (01928. HK) rose 2.44%; MGM China (02282. HK) increased by 1.8%; and Melco International Development (00200. HK) rose 2.29%.

As for the remaining blue-chip stocks, Haidilao (06862. HK) fell by 4.74% after the company lent over 100 million yuan to its major shareholder Zhang Yong, which led Citibank to lower its target price; CATL (03750. HK) fell by 2.59%; PetroChina (00857. HK) rose by 1.78%; Lenovo Group (00992. HK) fell by 1.79%.

PCB stocks under pressure, JianTao laminated boards (01888. HK) fell 3.46%; JianTao Group (00148. HK) fell 3.43%. In the field of optical communication concept stocks, Zhongji Xuchuang (03308. HK) once fell 5.5%, with its stock price dropping to a new low of 853 yuan since listing, and the decline narrowed to 1% at noon; Changfei Optical Fibre and Cable (06869. HK) fell 1.86%.

Relevant content: Citibank: Haidilao (06862. HK) saw a year-on-year flat turnover rate in September

In terms of individual stocks, Minhua (01999. HK) tumbled by 13.82%, and the company is expected to earn about 70% to 90% less in the medium term.

(mn / da) (Hong Kong stock quotes are delayed by at least 15 minutes. Short selling data is as of 16:25 on 2026-10-13.)