Market Performance: The HSI closed down 128 points (0.5%) at 26,829, with the HSCEI and HSTECH also experiencing declines, while total market turnover reached $173.803 billion.

Tech Stock Movements: Major tech stocks like BABA-W and BIDU-SW fell by 1.6% and 3%, respectively, while NTES-S saw a gain of 2.9%. Xiaomi's stock remained flat despite positive sales news.

Automobile Industry Outlook: The China Association of Automobile Manufacturers predicts 5-10% YoY sales growth for the current quarter, with several automakers like XPENG-W and BYD COMPANY showing gains.

Notable Stock Changes: PATEO surged 20.5% after a partnership announcement, while CATL and HESAI-W saw declines of 2.6% and 5.5%, respectively.

Strategic Partnership Announcement: PATEO (02889.HK) and SenseTime Intelligent Technology (SENSETIME-W, 00020.HK) have established a long-term strategic cooperation to enhance AI integration in intelligent connected vehicles.

Cooperation Framework Details: The two-year agreement will focus on AI cockpits, large models, humanoid robots, vehicle-to-everything technology, and international market expansion.

Market Performance: The Hang Seng Index (HSI) surged 503 points to a four-year high of 27,359, closing at 27,281, up 425 points or nearly 1.6%, with a turnover of HKD151.62 billion, despite a temporary halt in southbound funds due to China's National Day holiday.

Semi-IPO Highlights: Two of the three semi-IPOs debuted on September 30 showed strong demand, with ZIJIN GOLD INTL rising 13.6% to HKD137, significantly above its listing price, and HIPINE soaring 64.8% to HKD174.7, while PATEO experienced a slight decline but remained 48% above its listing price.

PATEO's Debut Performance: PATEO (02889.HK) opened at $135, a 32.1% increase from its listing price of $102.23, and closed at $157, marking a 53.6% gain on its first day of trading.

Trading Volume and Gains: The stock saw a trading volume of 1.64 million shares, resulting in a turnover of $225.38 million, with a book gain of $1,095.4 per board lot of 20 shares.

PATEO Debut Performance: PATEO (02889.HK) opened at $135, a 32.1% increase from its listing price of $102.23, and closed midday at $142.8, reflecting a 39.7% gain.

Trading Volume and Price Fluctuations: The stock peaked at $152.8 and bottomed at $130.1, with a trading volume of 1.37 million shares and a turnover of $186.45 million.