Hong Kong Stock Early Review: Major Indices Open Lower, Tech Stocks Fall, Lithium Battery Stocks Continue to Rise!

　　Glon Union August 12th｜The previous night's US stock market saw its three major indices fall, with the Sino-US Index down 0.29%. The Hong Kong stock market opened lower, with the Hang Seng Index down 0.33%, the National Index down 0.34%, and the Technology Index down 0.59%. On the trading floor, large tech stocks generally fell, among which Baidu dropped nearly 2%, Alibaba Group dropped 1.43%, Meituan, Tencent, Xiaomi all fell, while JD.com barely rose; innovative pharmaceutical concept stocks soared, securing a $645 million order, Fosun Pharmaceutical (600196) rose 7.55%, Luye Pharmaceutical, Cloud Top New Vision, Unionmedic, and Huarun Pharmaceutical all rose; yesterday's lithium battery concept stocks continued to rise, Tianqi Lithium (002466) rose over 2%, Ganfeng Lithium (002460) rose 0.59%, and live streaming concept stocks, gold stocks, Apple concept stocks mostly rose. On the other hand, tax-free concept stocks, automobile stocks, domestic brokerages, steel stocks, and oil equipment stocks generally fell, with China Minsheng Insurance falling nearly 1%. (Glon Union)