The Economic Information Agency reported on the 10th that after the Republican Party lost control of both the Senate and the House, U.S. President Trump's stance toward Iran noticeably turned more moderate. In an interview, he stated it was extremely unlikely he would order a new round of attacks on Iran, causing oil prices to plunge sharply. U.S. stocks rose overnight, and strong gains in Asian markets have limited the upside in Hong Kong stocks. Northbound funds turned into a net outflow of HK$2 billion in the morning session. The Hang Seng Index briefly broke above its 100-day moving average (around 24,590) but failed to hold, closing the morning session at 24,518, up 69 points or 0.3%. Turnover on the main board was nearly HK$93 billion. The Hang Seng China Enterprises Index stood at 8,263, up 2 points or less than 0.1%. The Hang Seng Tech Index rose 28 points or 0.7% to 4,069.
Overseas semiconductor stocks regained strength, while tech and internet stocks were under pressure. Alibaba (09988) closed down 3.44% at HK$101 in the morning session, hitting a low of HK$100 intraday; Tencent (00700) fell 0.05% to HK$418.2, Meituan (03690) rose 0.47% to HK$75.5, JD.com (09618) dropped 1.87% to HK$110.2, Xiaomi (01810) gained 1.2% to HK$30.46, and Baidu (09888) rose 1.4% to HK$79.6.
Oil prices declined, with CNOOC (00857) down 3.36% at HK$10.08, offshore oil major CNOOC (00883) down 2.05% at HK$22.88, and Sinopec (00386) down 0.83% at HK$4.785. With pressure from the U.S. Democratic Party, international geopolitical factors are expected to stabilize. HSBC (00005) rose 3.06% to HK$141.5, Standard Chartered (02888) gained 3.46% to HK$227.4, and AIA (01299) rose 0.57% to HK$79.
The Philadelphia Semiconductor Index surged nearly 7% overnight, boosting Hong Kong's AI hardware sector. Semiconductor Manufacturing International Corporation (SMIC) (00981) rose 3.91% to HK$47.84, Hua Hong Semiconductor (01347) gained 2.92% to HK$73.95, Lenovo Group (00992) climbed 2.9% to HK$19.19. Among non-blue chips, Yangtze Optical Fibre and Cable (06869) rose 4.95% to HK$89.1, KBB (01888) gained 3.48% to HK$28.56, and Zhongji Xuchuang (03308) soared 10.73% to HK$603.5. Anthropic reportedly began its IPO roadshow on Tuesday, driving Zhipu (02513) up 11.89% to HK$485.4, while MiniMax (00100) rose 7.06% to HK$168.3, recovering above its issue price.
The top three most actively traded stocks in the Hang Seng Index and China Enterprises Index were Alibaba, Tencent, and SMIC. The top three most actively traded stocks in the Hang Seng Tech Index were Alibaba, Tencent, and Zhipu. (ey)
Overseas semiconductor stocks regained strength, while tech and internet stocks were under pressure. Alibaba (09988) closed down 3.44% at HK$101 in the morning session, hitting a low of HK$100 intraday; Tencent (00700) fell 0.05% to HK$418.2, Meituan (03690) rose 0.47% to HK$75.5, JD.com (09618) dropped 1.87% to HK$110.2, Xiaomi (01810) gained 1.2% to HK$30.46, and Baidu (09888) rose 1.4% to HK$79.6.
Oil prices declined, with CNOOC (00857) down 3.36% at HK$10.08, offshore oil major CNOOC (00883) down 2.05% at HK$22.88, and Sinopec (00386) down 0.83% at HK$4.785. With pressure from the U.S. Democratic Party, international geopolitical factors are expected to stabilize. HSBC (00005) rose 3.06% to HK$141.5, Standard Chartered (02888) gained 3.46% to HK$227.4, and AIA (01299) rose 0.57% to HK$79.
The Philadelphia Semiconductor Index surged nearly 7% overnight, boosting Hong Kong's AI hardware sector. Semiconductor Manufacturing International Corporation (SMIC) (00981) rose 3.91% to HK$47.84, Hua Hong Semiconductor (01347) gained 2.92% to HK$73.95, Lenovo Group (00992) climbed 2.9% to HK$19.19. Among non-blue chips, Yangtze Optical Fibre and Cable (06869) rose 4.95% to HK$89.1, KBB (01888) gained 3.48% to HK$28.56, and Zhongji Xuchuang (03308) soared 10.73% to HK$603.5. Anthropic reportedly began its IPO roadshow on Tuesday, driving Zhipu (02513) up 11.89% to HK$485.4, while MiniMax (00100) rose 7.06% to HK$168.3, recovering above its issue price.
The top three most actively traded stocks in the Hang Seng Index and China Enterprises Index were Alibaba, Tencent, and SMIC. The top three most actively traded stocks in the Hang Seng Tech Index were Alibaba, Tencent, and Zhipu. (ey)
