HK Stocks End Lower. Pop Mart Rises 5%; NIO Jumps 4%; JD.com, Meituan Fall 3%

Hong Kong stock market closed lower on Monday. The Hang Seng Index (HSI) fell by 0.41%, the Hang Seng China Enterprises Index (HSCEI) decreased by 0.36%, the Hang Seng Tech Index (HSTECH) dropped by 0.26%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) declined by 0.20%.

In terms of sectors, the education sector saw significant gains with a 4.44% increase, driven by stocks such as New Oriental-S which rose by 3.85%. The Apple concept stocks also performed well, with a 1.91% increase, including AAC Tech which surged by 6.86%. The steel sector rose by 1.62%, and the paper sector also increased by 1.62%. However, the popular tech stocks sector fell by 0.88%, with Tencent down by 1.35% and JD-SW down by 3.05%.

Pop Mart surged by 5.09%, driven by strong market demand and positive investor sentiment towards the company's growth potential.

NIO-SW increased by 4.45% after the company's founder, Li Bin, released an internal letter emphasizing the importance of maintaining focus and action in the highly competitive smart electric vehicle industry. The letter also outlined ambitious goals for the company, including doubling sales next year and achieving profitability by 2026.

JD-SW fell by 3.05% despite the overall positive sentiment in the market. The decline could be attributed to profit-taking activities and market adjustments.

Midea Group saw a significant increase of 4.27% as it was announced that the company would be included in the Hang Seng Tech Index. This inclusion is expected to boost investor confidence and attract more capital inflows.

Kuaishou-W rose by 4.51% following the announcement that it would be included in the Hang Seng Index. This inclusion is seen as a positive development for the company, enhancing its visibility and credibility in the market.

Yum China rose by 2.34% after the company repurchased a significant number of its shares, signaling confidence in its future prospects and providing support to its stock price.

Dongfeng Group saw a substantial increase of 8.38%, reflecting positive market reactions to the company's recent performance and strategic initiatives.