HSI1 24,253.70 +42.35 86.16B
HSCEI1 8,149.99 +2.12 23.86B
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HSI Opens Up 223 pts, as BABA-W Opens 3% Higher, TENCENT Up ~1%
2026-10-12 09:44:05
US stocks closed higher last Friday (9th), with the three major indices growing 0.6-0.8%, while most large-cap tech stocks advanced. US President Donald Trump said Russia and Ukraine had reached an "energy ceasefire" agreement. Ukrainian President Volodymyr Zelensky responded that he was surprised by Trump's remarks, but said Ukraine would also agree to stop attacking Russian oil refineries if Moscow halts attacks on Ukraine's energy infrastructure.

Hong Kong stocks opened higher this morning (12th). The HSI opened at 24,434, up 223 pts or 0.9%; the HSCEI opened at 8,229, up 81 pts or 1%; and the HSTECH opened at 4,241, up 43 pts or 1.03%.

Major tech heavyweights broadly opened higher. BABA-W (09988.HK) opened 3.08% higher; TENCENT (00700.HK) opened up 0.85% as the group plans to issue notes under its global medium term note programme; NTES (09999.HK) opened 1.96% higher; XIAOMI-W (01810.HK) opened 0.62% lower.

China and the EU reached a consensus on HEV exports, lifting auto makers. GEELY AUTO (00175.HK) opened up 2.12%; LI AUTO-W (02015.HK) hiked 1.43%; BYD COMPANY (01211.HK) gained nearly 1%.

Among blue chips, ZIJIN MINING (02899.HK) opened nearly 3% higher, while LENOVO GROUP (00992.HK) lifted 1.28%. Pharmaceuticals boomed, with WUXI APPTEC (02359.HK), BEONE MEDICINES (06160.HK) and CSPC PHARMA (01093.HK) each opening more than 2% higher.
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AASTOCKS Financial News
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