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Market Performance: The HSI fell by 240 points (0.9%) to 25,736, with the HSCEI and HSTECH also experiencing declines of 1.2% and 1.8%, respectively, amid a total market turnover of HKD108.239 billion.

HSBC Holdings and Hang Seng Bank: HSBC Holdings proposed to privatize Hang Seng Bank at HKD155 per share, with a vote scheduled for January 8; HSBC's shares dropped 1.1%, while Hang Seng Bank's shares rose 0.3%.

Tech Sector Declines: Major tech stocks like Alibaba, Tencent, and Baidu saw significant losses, with Alibaba down 2.7% and Tencent down 1.5%, amidst high short selling activity.

Pharmaceutical Stocks Struggles: Pharmaceutical companies faced steep declines, with Innovent Bio and Akeso dropping over 4%, reflecting a challenging environment for the sector.

Market Performance: The HSI rose by 446 points (1.75%) to close at 25,976, with significant gains in the HSCEI and HSTECH, and a total market turnover of HKD242.657 billion.

Tech Sector Highlights: Major tech stocks like BABA, TENCENT, and NTES saw increases of 2.3% to 4.2%, while other companies like MEITU and CHINA LIT experienced notable surges of 6.7% and 5.8%, respectively.

Automotive and Financial Stocks: Stocks related to autonomous driving and car manufacturers, including NIO and GEELY, performed well, while financial stocks like HSBC and STANCHART also saw significant gains.

Economic Indicators: China's outstanding loan growth for November was reported at 6.4%, slightly lower than the previous month, while exports increased by 5.7%, surpassing expectations.