Hong Kong stock market closed lower on Monday. The Hang Seng Index fell by 0.87%, the Hang Seng China Enterprises Index dropped by 0.96%, the Hang Seng Tech Index decreased by 0.72%.

In terms of star stocks, IFBH soared 42% on debut; Laopu Gold up 15%; Guotai Junan up 13.6%; NIO up 2.8%; Xiaomi up 1.7%; Alibaba, Tencent, JD.com down around 2%.

IFBH soared by 42.09% on its first day of listing. The company is the second-largest player in the global coconut water market, with leading market share in mainland China for five consecutive years.

LAOPU GOLD surged by 14.94% following its strong performance at its Singapore debut, with institutions noting the company's promising overseas growth potential.

UNISOUND skyrocketed by 44.59% on its debut on the Hong Kong Stock Exchange, becoming a market focus as the first AGI stock in Hong Kong. The company benefits from the growing demand for AI, leading the commercialization of AI with high growth rates.

XIAOMI-W rose by 1.70% following the release and strong sales of the Xiaomi YU7, which exceeded expectations. The high demand has led to production challenges, with a lock-in order volume of 240,000 units and a delivery period of over a year. Xiaomi's CEO Lei Jun stated that the company will work to increase production capacity to meet the demand.