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| HSI1 | 24,186.83 | +124.11 | 178.21B |
| HSCEI1 | 8,128.25 | +24.98 | 60.40B |
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2026-10-16 12:37:04 US stocks traded mixed overnight. The Nasdaq once slumped 1.44% before stabilizing, while chip stocks remained under pressure, with the Philadelphia Semiconductor Index falling 0.88%. The DJIA closed up 556 points, while the Golden Dragon China Index, which tracks Chinese concept stocks, surged 1.96%. Hong Kong stocks rebounded this morning (16th) ahead of the long holiday. The HSI opened 258 points higher and once gained more than 300 points. At midday, the index closed at 24,353, up 290 points or 1.21%, with main board turnover at HKD92.844 billion; the HSCEI stood at 8,191, up 88 points or 1.09%; the HSTECH stood at 4,145, up 84 points or 2.09%. Major tech stocks led the gains. BABA-W (09988.HK) rose nearly 4% as Tmall Double 11 pre-sales kick off tonight with record participation scale. JD-SW (09618.HK) also climbed 2.67%. KUAISHOU-W (01024.HK) gained 4.83% at midday after its Kling AI launched Kling 4.0. BIDU-W (09888.HK) rose 3.06%; TENCENT (00700.HK) gained 1.24%; while XIAOMI-W (01810.HK) bucked the trend and slipped 0.52%. Chinese property stocks were strong. LONGFOR GROUP (00960.HK) surged 9.05%, making it the best-performing blue chip at midday. CHINA RES LAND (01109.HK) rose 4.92%; CHINA VANKE (02202.HK) gained 5.46%; SEAZEN (01030.HK) climbed 5.6%; SUNAC (01918.HK) added 3.6%; and CHINA OVERSEAS (00688.HK) rose 2.76%. Pharmaceutical stocks outperformed. KEYMED BIO-B (02162.HK) jumped 8.67% after revenue from the drug Kangyueda surged more than twofold in the first three quarters. BEONE MEDICINES (06160.HK) rose nearly 6%; JD HEALTH (06618.HK), INNOVENT BIO (01801.HK) and HANSOH PHARMA (03692.HK) gained more than 3%; while WUXI BIO (02269.HK) and SBP GROUP (01177.HK) rose more than 2%. Among blue chips, LENOVO GROUP (00992.HK) rebounded 3.7%; LI NING (02331.HK) rose 4.85%; ZIJIN MINING (02899.HK) gained 2.94%; HSBC HOLDINGS (00005.HK) rose 1.35%; CHINA LIFE (02628.HK) fell 2.14%; and CATL (03750.HK) dropped 1.43%. Chip stocks were mixed, with SMIC (00981.HK) rising 1.53% while HUA HONG GRACE (01347.HK) fell 0.85%. Among the two major AI model stocks, MINIMAX-W (00100.HK) rose 3.4%, while Z.AI (02513.HK) gained 2.53%. PCB stocks performed well, with KB LAMINATES (01888.HK) rising 3.13% and KINGBOARD HLDG (00148.HK) up 2.75%. Optical communication concept stocks also advanced, with ZJ INNOLIGHT (03308.HK) gaining 3.38% and YOFC (06869.HK) rising 2.2%. On individual stocks, GANFENGLITHIUM (01772.HK) fell more than 4% after Morgan Stanley said its third-quarter results missed expectations. PACIFIC BASIN (02343.HK) rose 5.25% after JPMorgan raised its TP and earnings forecasts.(mn/ad)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |