ET Net News Agency (14th) reported: New York Fed President Williams reiterated his expectation of two rate hikes this year. U.S. stocks fell across the board on Tuesday (13th) as memory chip stocks were sold off and major banks posted mixed earnings, dragging down the market. The Hang Seng Index opened lower, but reversed to rise 9 points or 0.2% in the morning session to 24384, lifted by strong performance in tech and internet stocks. The Hang Seng China Enterprises Index stood at 8195, up 20 points or 0.3%. The Hang Seng Tech Index rose 66 points or 1.6% to 4203. Morning session turnover on the main board was only HK$86.7 billion, with northbound funds flowing into Hong Kong stocks by HK$3 billion.
Apple (US.AAPL) launched its HomeView smart home screen and the new Apple TV 4K on Tuesday. Both products are centered around the artificial intelligence assistant Siri AI and are scheduled to launch on November 13. Apple's push into the smart home market boosted Xiaomi Group (01810), which aims to build an integrated 'people-car-home' ecosystem. Xiaomi's shares surged 5.51% in the morning session to HK$26.42, leading gains among blue-chip stocks.
Other tech and internet stocks also performed well: Alibaba (09988) rose 3.45% to HK$110.9, contributing over 68 points to the HSI's gain; Meituan (03690) gained 4.77% to HK$75.75; Kuaishou (01024) rose 2.47% to HK$29.88; NetEase (09999) gained 1.64% to HK$198.7; Baidu (09888) rose 1.04% to HK$82.5.
Tencent (00700) completed its offshore bond issuance raising a total of $5.7 billion, with two dollar-denominated bonds priced above 6%, moving independently. Its share price edged down 0.05% to HK$425.
Antibody Biotech (09926) initiated a placement, causing its shares to fall 9.29% to HK$95.25, breaking below the HK$100 level, dragging capital out of the biotech sector. Innovent Biologics (01801) dropped 2.45% to HK$89.7, down for three consecutive days with a cumulative decline of 3.18%; China Biologic Products (01177) fell 2.34% to HK$5.225, down for six consecutive days with a cumulative decline of 9.76%; BeiGene (06160) declined 2.33% to HK$209.4; CSPC Pharmaceutical Group (01093) dropped 2.32% to HK$8.855.
The Shanghai Composite Index briefly broke through 3,800. Chinese financial stocks were unstable: Agricultural Bank of China (01288) fell 2.01% to HK$6.585; China Construction Bank (00939) dropped 1.56% to HK$9.805; Industrial and Commercial Bank of China (01398) declined 1.51% to HK$7.52; Bank of China (03988) fell 1.2% to HK$6.19; China Life (02628) dropped 2.34% to HK$25.02; Ping An Insurance (02318) fell 1.27% to HK$50.7.
Hong Kong banks also declined: HSBC (00005) fell 1.13% to HK$149; Standard Chartered (02888) dropped 1.74% to HK$225.8; Bank of China (Hong Kong) (02388) fell 2.01% to HK$51.2; Bank of East Asia (00023) plunged 2.48% to HK$18.06.
Hang Lung Properties (00101) led blue-chip declines, falling 2.59% to HK$6.385.
The National Bureau of Statistics announced that in September 2026, the national consumer price index rose 0.9% year-on-year, an increase of 0.1 percentage points from August, marking the highest level since June this year, but slightly below the market expectation of 1%. Domestic demand stocks performed well: Mengniu Dairy (02319) rose 2.37% to HK$18.6; Anta Sports (02020) gained 2% to HK$73.9; Haidilao (06862) rose 1.72% to HK$9.46; Li Ning (02331) climbed 1.28% to HK$12.69.
The top three most actively traded stocks in HSI, HSCCI, and Tech Index were Alibaba, Xiaomi, and Tencent. (ey)
Apple (US.AAPL) launched its HomeView smart home screen and the new Apple TV 4K on Tuesday. Both products are centered around the artificial intelligence assistant Siri AI and are scheduled to launch on November 13. Apple's push into the smart home market boosted Xiaomi Group (01810), which aims to build an integrated 'people-car-home' ecosystem. Xiaomi's shares surged 5.51% in the morning session to HK$26.42, leading gains among blue-chip stocks.
Other tech and internet stocks also performed well: Alibaba (09988) rose 3.45% to HK$110.9, contributing over 68 points to the HSI's gain; Meituan (03690) gained 4.77% to HK$75.75; Kuaishou (01024) rose 2.47% to HK$29.88; NetEase (09999) gained 1.64% to HK$198.7; Baidu (09888) rose 1.04% to HK$82.5.
Tencent (00700) completed its offshore bond issuance raising a total of $5.7 billion, with two dollar-denominated bonds priced above 6%, moving independently. Its share price edged down 0.05% to HK$425.
Antibody Biotech (09926) initiated a placement, causing its shares to fall 9.29% to HK$95.25, breaking below the HK$100 level, dragging capital out of the biotech sector. Innovent Biologics (01801) dropped 2.45% to HK$89.7, down for three consecutive days with a cumulative decline of 3.18%; China Biologic Products (01177) fell 2.34% to HK$5.225, down for six consecutive days with a cumulative decline of 9.76%; BeiGene (06160) declined 2.33% to HK$209.4; CSPC Pharmaceutical Group (01093) dropped 2.32% to HK$8.855.
The Shanghai Composite Index briefly broke through 3,800. Chinese financial stocks were unstable: Agricultural Bank of China (01288) fell 2.01% to HK$6.585; China Construction Bank (00939) dropped 1.56% to HK$9.805; Industrial and Commercial Bank of China (01398) declined 1.51% to HK$7.52; Bank of China (03988) fell 1.2% to HK$6.19; China Life (02628) dropped 2.34% to HK$25.02; Ping An Insurance (02318) fell 1.27% to HK$50.7.
Hong Kong banks also declined: HSBC (00005) fell 1.13% to HK$149; Standard Chartered (02888) dropped 1.74% to HK$225.8; Bank of China (Hong Kong) (02388) fell 2.01% to HK$51.2; Bank of East Asia (00023) plunged 2.48% to HK$18.06.
Hang Lung Properties (00101) led blue-chip declines, falling 2.59% to HK$6.385.
The National Bureau of Statistics announced that in September 2026, the national consumer price index rose 0.9% year-on-year, an increase of 0.1 percentage points from August, marking the highest level since June this year, but slightly below the market expectation of 1%. Domestic demand stocks performed well: Mengniu Dairy (02319) rose 2.37% to HK$18.6; Anta Sports (02020) gained 2% to HK$73.9; Haidilao (06862) rose 1.72% to HK$9.46; Li Ning (02331) climbed 1.28% to HK$12.69.
The top three most actively traded stocks in HSI, HSCCI, and Tech Index were Alibaba, Xiaomi, and Tencent. (ey)
