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Hong Kong stocks fell today. All three major indices are in the red. Fruit chain stocks performed poorly. However, Bots stocks rose.
At the close, the Hang Seng Index, the National Enterprises Index, and the Hang Seng Tech Index all fell. The decline was significant.
Apple concept stocks fell collectively. Hon Teng Precision suffered the worst, down nearly 10%. Sunny Optical also dropped significantly. SaaS and short video stocks were generally weak. Huilyang Technology and Bilibili-W both declined. Chip stocks started to slide again, with obvious declines in Shanghai Fudan and SMIC.
The real estate sector is not doing well either. China Overseas Macro and Longfor Group have both fallen. It seems that property companies' sales are still declining, which is a bit concerning.
The sectors of rare earths, high-speed rail, power equipment, and wind power are also sluggish.
However, the large consumption sector is rising against the trend. Automobile dealers, cosmetics, and home appliances are leading the way. Zhongsheng Holdings, Midea Group, and Xiaomi Group-W have all risen.
Robot concept stocks suddenly surged. MicroPort Robotics-B rose more than 12%, and Delta Electronics and Lijing Technology also performed well. It seems like Musk said something about Tesla relying on robots in the future. The market appears quite excited.