[ET Net News Agency, 10 November 2025] The US Senate has reportedly secured enough votes to advance legislation ending the federal government shutdown. US and European equity index futures rose in response, while Bitcoin prices also climbed. Across Asia-Pacific markets, Japanese, Korean, and Taiwanese equities followed suit, while Mainland China A-shares saw modest declines. However, this did not impede gains in Hong Kong, with the HSI closing the morning at 26,403, up 161 points or 0.6 percent, and main board turnover approaching HKD 11.41 billion. The Hang Seng China Enterprises Index stood at 9,345, up 77 points or 0.8 percent. The Hang Seng Tech Index was at 5,844, up 7 points or 0.1 percent.
"Nip Chun Pong: HSI's breakout depends on single-day turnover"
Nip Chun Pong, the Chief Strategist at Solo Asset Management, told ET Net News Agency that a breakthrough above 26,500 today is unlikely. While the potential resolution of the US government shutdown offers some support for Hong Kong stocks, the impact is likely to be limited, and any gains may be modest as the market remains cautious. Should the US Senate eventually pass the bill, the key will be whether this positive news can push single-day turnover in Hong Kong above HKD 26 billion, which could, in turn, help the HSI break through the 26,500 resistance level.
"Aggressive pricing for the 'national car' may hit profitability"
JD.com (09618), in partnership with GAC Group (02238) and CATL (03750), officially announced the pricing for the "National Car" Aion UT super: buyers opting for the battery leasing scheme can purchase the car for RMB 49,900; for outright purchase, the price is RMB 89,900. The car will be sold exclusively through JD.com, with consumers now able to search for "National Car" on the JD app to reserve test drives and pay deposits.
Despite the hype surrounding the "National Car", there has been no significant rally in the share prices of JD.com or GAC. Nip Chun Pong attributes this to an overly aggressive pricing strategy, suggesting there could be a "sales boost at the expense of profit" in the short term, sacrificing margins to gain market share, which may not benefit earnings and could even drag on results, prompting a wait-and-see approach from investors. He adds that as a newly expanded business segment for JD.com, automotive sales are only expected to make a marginal contribution to overall revenue this year and into the first half of next year.
Nip also pointed out that even if GAC's new car successfully captures market share, its ability to raise prices for future models will be in doubt, potentially impacting long-term development. GAC's share price rose to HKD 3.50 in early trading but quickly retreated to last Friday's closing level of HKD 3.33, reflecting the market's cautious response. He expects the share price to remain range bound between HKD 3.10 and 3.50 in the near term.
"Nip Chun Pong: HSI's breakout depends on single-day turnover"
Nip Chun Pong, the Chief Strategist at Solo Asset Management, told ET Net News Agency that a breakthrough above 26,500 today is unlikely. While the potential resolution of the US government shutdown offers some support for Hong Kong stocks, the impact is likely to be limited, and any gains may be modest as the market remains cautious. Should the US Senate eventually pass the bill, the key will be whether this positive news can push single-day turnover in Hong Kong above HKD 26 billion, which could, in turn, help the HSI break through the 26,500 resistance level.
"Aggressive pricing for the 'national car' may hit profitability"
JD.com (09618), in partnership with GAC Group (02238) and CATL (03750), officially announced the pricing for the "National Car" Aion UT super: buyers opting for the battery leasing scheme can purchase the car for RMB 49,900; for outright purchase, the price is RMB 89,900. The car will be sold exclusively through JD.com, with consumers now able to search for "National Car" on the JD app to reserve test drives and pay deposits.
Despite the hype surrounding the "National Car", there has been no significant rally in the share prices of JD.com or GAC. Nip Chun Pong attributes this to an overly aggressive pricing strategy, suggesting there could be a "sales boost at the expense of profit" in the short term, sacrificing margins to gain market share, which may not benefit earnings and could even drag on results, prompting a wait-and-see approach from investors. He adds that as a newly expanded business segment for JD.com, automotive sales are only expected to make a marginal contribution to overall revenue this year and into the first half of next year.
Nip also pointed out that even if GAC's new car successfully captures market share, its ability to raise prices for future models will be in doubt, potentially impacting long-term development. GAC's share price rose to HKD 3.50 in early trading but quickly retreated to last Friday's closing level of HKD 3.33, reflecting the market's cautious response. He expects the share price to remain range bound between HKD 3.10 and 3.50 in the near term.