{Economic Information Daily, 13th} Over the weekend, Saudi Arabia was hit by attacks from Yemen's Houthi militants for two consecutive days, resulting in civilian casualties. Market concerns over escalating Middle East tensions have resurfaced. Additionally, Ukraine accused Russia of violating the energy ceasefire, indicating that the Russia-Ukraine conflict remains unresolved. Oil prices rebounded, with Brent crude briefly rising to $107, returning to a one-month high. U.S. stocks remained in a consolidation and wait-and-see phase. The Hang Seng Index opened at 24,172, down 99 points or 0.4%, breaking below the 10-day moving average. The Hang Seng China Enterprises Index stood at 8,136, down 32 points or 0.4%. The Hang Seng Tech Index was at 4,129, down 39 points or 1%.

　　Tech and internet giants led the Hang Seng Index's decline. Tencent (00700) fell 1.13% to HK$421, while Alibaba (09988) dropped 0.46% to HK$107.7. Other stocks showed mixed performances: JD.com (09618) fell 2.95% to HK$105.3 ahead of Singles' Day, Meituan (03690) rose 0.14% to HK$71.9, Kuaishou (01024) declined 1.71% to HK$28.76, and Xiaomi (01810) gained 0.82% to HK$24.72.

　　Biotech stocks also weakened. WuXi Biologics (02269) dropped 3.04% to HK$51.05, WuXi AppTec (02359) fell 1.25% to HK$205.2, and BeiGene (06160) declined 0.94% to HK$210.2.

　　Despite a global shortage of memory chips, U.S. chip stocks continued to face pressure overnight, causing Hong Kong's AI hardware sector to remain soft. Lenovo Group (00992) fell 2.47% to HK$31.54, Hua Hong Semiconductor (01347) dropped 2.23% to HK$87.85, SMIC (00981) eased 1.87% to HK$55.15, Kingboard Laminates (01888) plunged 5.09% to HK$44.42, and Yangtze Optical Fibre and Cable (06869) declined 5.19% to HK$148.

　　JD Logistics (02618) rose 1.56% to HK$10.39, Hengan International (01044) gained 1.13% to HK$19.75, and Shenzhou International (02313) opened 1.09% higher at HK$35.4. (ey)