Hong Kong stocks fluctuate | Automotive stocks lead the decline, China Association of Automobile Manufacturers and Ministry of Industry and Information Technology speak out against internal competition, institutions say price wars will catalyze industry consolidation.

According to the Smart Finance APP, the automotive sector leads the decline. As of the time of publication, Ideal Motors-W (02015.HK) fell by 3.38% to 108.5 Hong Kong dollars; Great Wall Motors (02333.HK) dropped by 2.46% to 11.88 Hong Kong dollars; Guangzhou Automobile Group (02238.HK) declined by 2.19% to 2.68 Hong Kong dollars.