HSI1 26,160.15 +192.17 226.61B
HSCEI1 9,363.94 +63.20 86.65B
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HSI Opens Up 209 Pts; BABA-W, KUAISHOU-W Rally 2%; Chips, Consumers Brisk
2025-10-24 09:33:17
The HSI opened 209 points or 0.8% higher at 26,177. The HSCEI climbed 79 points or 0.9% to 9,380. The HSTECH rose 80 points or 1.4% to 6,032.

In the tech sector, BABA-W (09988.HK) and KUAISHOU-W (01024.HK) opened 2.1% and 2.2% higher. TENCENT (00700.HK), XIAOMI-W (01810.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) added 0.8-0.9%. MEITUAN-W (03690.HK), NTES-S (09999.HK), and BILIBILI-W (09626.HK) gained 1.1-1.5%.

As the communique from China's fourth plenum proposed accelerating self-reliance in high-level technology, chip stocks SMIC (00981.HK) and HUA HONG SEMI (01347.HK) soared 2.2% and 2.8% at open. Chip equipment stock ASMPT (00522.HK) also leaped 2.2%. PC manufacturer LENOVO GROUP (00992.HK) swelled 2%.

The communique's emphasis on boosting domestic demand and consumption also pushed up consumer and domestic demand stocks. HAIER SMARTHOME (06690.HK), TRIP.COM-S (09961.HK), WH GROUP (00288.HK), and NONGFU SPRING (09633.HK) opened rallying 1.4-1.9%.
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