On December 5, 2024, the Hong Kong stock market opened lower. The Hang Seng Index (HSI) fell by 0.83%, the Hang Seng China Enterprises Index (HSCEI) dropped by 0.82%, the Hang Seng Tech Index (HSTECH) decreased by 0.84%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) declined by 0.50%.

In terms of industry sectors, the blockchain concept stocks in Hong Kong saw a significant rise, with an increase of 2.94%. Notable stocks in this sector include China Oilfield Services Limited, China Zhongwang Holdings Limited, and Sinohope Technology Holdings Limited.

The popular tech stocks in Hong Kong experienced a slight decline of 0.61%. Key stocks in this sector include Xiaomi Corporation, Tencent Holdings Limited, and Alibaba Group Holding Limited.

The biotechnology sector in Hong Kong fell by 1.11%, with stocks such as Innovent Biologics, Inc. and Wuxi Biologics (Cayman) Inc. showing notable declines.

Among individual stocks, Tencent Holdings Limited saw a slight increase of 0.05%. The company repurchased 1.74 million shares on December 4, costing approximately HKD 700 million.

BYD Company Limited dropped by 1.23%. The company has assembled over 30% of Apple's iPad tablets and employs over 100,000 people dedicated to the "Apple supply chain" business. BYD's next major move is to collaborate with Nvidia to develop AI-driven robots for its factories.

Baidu, Inc. fell by 0.72%. Apple and Baidu plan to add AI features to iPhones sold in China next year, but they face obstacles due to Apple's privacy policies, which prohibit the collection of AI-related query data from iPhone users. This issue could impact Apple's efforts to boost iPhone sales in China.

Pop Mart International Group Limited rose by 1.22%, while Great Wall Motor Company Limited increased by 1.07%.

NCI fell by 0.81%. The company increased its stake in Haitong Securities H shares by purchasing 4 million shares through secondary market transactions, bringing its total holding to 5.7192%.

GAC Group rose by 0.60%. The company repurchased 180 million shares through centralized bidding transactions in November and December 2024, accounting for 1.74% of its total shares.