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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 16:48:11 US stocks fluctuated overnight (15th). 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 reflects the performance of Chinese concept stocks, surged 1.96%. Hong Kong stocks rebounded this morning (16th) ahead of the long holiday weekend. The HSI opened 258 points higher and once gained more than 300 points before trimming gains in the afternoon. The HSI closed at 24,186 points, up 124 points or 0.52%, with total market turnover at HKD178.207 billion. The HSCEI closed at 8,128 points, up 24 points or 0.31%, while the HSTECH closed at 4,108 points, up 47 points or 1.16%. Leading tech stocks trimmed gains in the afternoon. BABA-W (09988.HK) rose 2.26% as Tmall's Double 11 pre-sales campaign kicks off tonight. JD-SW (09618.HK) also gained 1.14%. KUAISHOU-W (01024.HK) launched Kling 4.0 under its Kling AI platform, with shares closing up 2.52%. BIDU-W (09888.HK) climbed 1.4%, while TENCENT (00700.HK) closed flat. XIAOMI-W (01810.HK) fell 1.55%. Chinese financial stocks came under pressure against the broader market trend. CHINA LIFE (02628.HK) dropped 2.88%, making it the worst-performing blue chip. CCB (00939.HK) fell 1.1%, CM BANK (03968.HK) lost 1.3%, ICBC (01398.HK) declined 1.36%, and ABC (01288.HK) slipped 0.88%. Among blue chips, LENOVO GROUP (00992.HK) rebounded 8%, while HSBC HOLDINGS (00005.HK) rose 1.22%. POP MART (09992.HK) fell 2.27% to close at HKD142.2, nearing its 52-week low. CATL (03750.HK) dropped 1.74%, while HUA HONG GRACE (01347.HK) fell 2.09%. Chinese property stocks recovered strongly. LONGFOR GROUP (00960.HK) surged 6.21%, CHINA RES LAND (01109.HK) rose 3.33%, CHINA VANKE (02202.HK) gained 2.1%, SEAZEN (01030.HK) climbed 3.36%, SUNAC (01918.HK) advanced 1.8%, and CHINA OVERSEAS (00688.HK) added 0.92%. Pharmaceutical stocks were mixed. KEYMED BIO-B (02162.HK) jumped 7.62% after revenue from the drug Kangyueda surged more than twofold in the first three quarters. BEONE MEDICINES (06160.HK) rose 4.36%, JD HEALTH (06618.HK) gained 2.17%, while INNOVENT BIO (01801.HK) and HANSOH PHARMA (03692.HK) each climbed more than 1%. WUXI APPTEC (02359.HK) tumbled 2.19%, while WUXI BIO (02269.HK) fell 0.9%. Among actively traded stocks, KB LAMINATES (01888.HK) rose 3.13%, KINGBOARD HLDG (00148.HK) gained 2.5%, Z.AI (02513.HK) rose 0.88%, ZJ INNOLIGHT (03308.HK) climbed 2.68%, and YOFC (06869.HK) gained 1.14%. On individual stocks, SHANGHAI FUDAN (01385.HK) surged 13.11% after forecasting first-three-quarter profit growth of more than 1.8x. CHOW SANG SANG (00116.HK) rose 3.29% as same-store sales in Hong Kong and Macau increased 7% in the third quarter. GANFENGLITHIUM (01772.HK) dropped 6.41% after Morgan Stanley said its third-quarter results missed expectations. PACIFIC BASIN (02343.HK) gained 3.87% after JPMorgan raised its TP and earnings forecasts. (mn/da)~ 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. | |