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| HSI1 | 23,211.81 | 0.00 | -- |
| HSCEI1 | 7,802.09 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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2026-10-26 16:38:12 US equities' three major indices closed lower last Friday (23rd). The DJIA dropped more than 600 points as surging oil prices weighed on the market, while declines in tech stocks showed signs of easing. Hong Kong stocks opened 63 points higher this morning (26th) before trading choppily. The market once turned lower by as much as 84 points, hitting a trough of 23,009 before rebounding. The HSI closed at 23,211, up 118 points or 0.51%, with full-day turnover at HKD175.758 billion. The HSCEI closed at 7,802, up 45 points or 0.59%, while the HSTECH closed at 3,857, down 14 points or 0.36%. Major active tech stocks traded mixed. MEITUAN-W (03690.HK) outperformed, closing up 3.35%, amid reports it plans to issue offshore bonds to raise about USD1 billion. NTES (09999.HK) gained 1.04% after Haitong International raised its non-GAAP net profit forecast by 6%. BIDU-W (09888.HK), TENCENT (00700.HK), BABA-W (09988.HK) and XIAOMI-W (01810.HK) rose less than 1%. KUAISHOU-W (01024.HK) fell 1.08% against the market trend, while JD-SW (09618.HK) slipped 0.6%. Among blue chips, LENOVO GROUP (00992.HK) slid nearly 4% again. SINOPHARM (01099.HK) rose 3.85% after reporting net profit of RMB5.314 billion for the first three quarters. CMOC (03993.HK) tumbled 4.53% after Citi said its 3Q EBIT slightly missed expectations. SMIC (00981.HK) dropped 2.42%, while ICBC (01398.HK) gained 2.76%. The IEA warned oil prices could approach USD120 per barrel. PETROCHINA (00857.HK) surged 5.78% to HKD10.16, SINOPEC CORP (00386.HK) climbed 4.04%, and CNOOC (00883.HK) advanced 3.55%. Moonshot AI released Kimi K3.1 Pro, its strongest model with 3 trillion parameters, pressuring AI large-model stocks. MINIMAX-W (00100.HK), which had surged nearly 17% last Friday, retreated 7.2% today. Z.AI (02513.HK) rose 1.3%, while XUNCE (03317.HK) fell 3.12%. Several gold mining stocks announced results in succession. BofA Securities said ZIJIN MINING (02899.HK)'s 3Q net profit missed expectations. Its share price plunged 5.84%, making it the worst-performing blue chip of the day. CHIFENG GOLD (06693.HK) dropped 4.67% after 3Q profit fell 42% to RMB550 million. ZIJIN GOLD INTL (02259.HK) declined 1.57%, ZHAOJIN MINING (01818.HK) fell 2.66%, and LINGBAO GOLD (03330.HK) lost 4.9%. PCB stocks came under pressure. KB LAMINATES (01888.HK) and KINGBOARD HLDG (00148.HK) slumped more than 4%. DELTON (01989.HK) dropped 7.17%, while HANS CNC (03200.HK) fell 5.26%. Optical communication concept stocks also weakened. ZJ INNOLIGHT (03308.HK) declined 4.37%, YOFC (06869.HK) plunged 8.82%, and CIG (06166.HK) lost 7.28%. Property and landlord stocks performed well. LINK REIT (00823.HK) jumped 4.1%, CHINA RES LAND (01109.HK) rose 2.71%, China Overseas Land & Investment advanced 1.52%, Wharf REIC gained 2.44%, HENDERSON LAND (00012.HK) rose 1.9%, Sun Hung Kai Properties added 2.56%, and CK ASSET (01113.HK) climbed 2.36%. On individual stocks, LENS (06613.HK) reported a 50% decline in 3Q profit. Citi said its quarterly results missed expectations and sharply cut its TP by 35.5%. The stock dropped 7.38% for the day to HKD15.18, involving turnover of HKD345 million. TIANQI LITHIUM (09696.HK) rose 2.48% after 3Q net profit surged more than 13 times. (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. | |