Hang Seng Index fell 1%! Apple-related and aviation stocks weakened, while semiconductor stocks rose against the trend
On the market, most of the heavyweight technology stocks fell, with Baidu Group and Xiaomi Group falling more than 2%; Ming-Chi Kuo pointed out that Apple will face almost stagnant iPhone growth in 2025, and Apple concept stocks continued to fall; oil prices soared and the exchange rate came under pressure, and airline stocks fell across the board ; home appliance stocks, heavy machinery stocks, photovoltaic stocks, biopharmaceutical stocks, Macau gaming stocks, and auto stocks all fell.
On the other hand, the overall potential of domestic advanced processes is large, and semiconductor stocks performed strongly throughout the day. The leading SMIC rose by more than 6%, performing better; film and television stocks were active, with Huayi Media rising by more than 8%; oil stocks, domestic real estate stocks, shipping stocks, gold and other non-ferrous metal stocks performed actively.
Most of the heavyweight technology stocks fell , with Baidu Group and Xiaomi Group falling more than 2%. Meituan, Alibaba, JD.com, Kuaishou, Tencent Holdings and others followed suit, while NetEase rose more than 1%.
Apple concept stocks fell collectively , with Q Technology spam data falling more than 5%, followed by BYD Electronics, Dongjiang Group Holdings, Gowin Electronics, and Sunny Optical Technology.
On the news front, Tianfeng International Securities analyst Ming-Chi Kuo said that Apple will face multiple challenges in 2025, including near-stagnant iPhone growth, limited contribution from AI services, and continued shrinking of the Chinese market. Guo Mingchi said that after discussions with major suppliers, Apple has adopted a more cautious attitude towards this year's iPhone production plans. Apple estimates that its deliveries this year will be between 220 million and 225 million units, similar to last year's 220 million units and lower than the market expectation of 240 million units.
Airline stocks fell sharply , with BOC Aviation falling more than 4%, followed by Air China, China Eastern Airlines and China Southern Airlines.