HSI1 23,393.32 +98.90 204.84B
HSCEI1 7,906.11 +43.89 74.19B
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HSI Gains 142 Pts at Midday on Hopes for CN Olive Branch; CATL, XIAOMI-W Each Jump 6%+; CHINA LIFE Up Nearly 5%
2026-11-02 12:39:26
Chinese financial regulators will purportedly hold a meeting today (Nov 2) to study enhanced market rescue measures. Hong Kong stocks opened 7 pts higher this morning and escalated more than 200 pts at one point. The HSI closed the half-day session at 23,437, up 142 pts or 0.61%, with half-day turnover of HKD114.145 billion. The HSCEI finished at 7,924, up 62 pts or 0.79%. The HSTECH settled at 3,862, up 107 pts or 2.85%.

As to dotcoms, TENCENT (00700.HK) rebounded sharply by 3.39%; MEITUAN-W (03690.HK) swelled 3%; BABA-W (09988.HK) rallied 2.94%; and KUAISHOU-W (01024.HK) climbed 3.09%.

NEV makers announced October vehicle sales data. XIAOMI-W (01810.HK) mushroomed 6.27% after Citi said electric vehicle deliveries crossed 50,000 units in October and expected the share price to remain stable in the near term. BYD COMPANY (01211.HK) closed the half-day session up 3.44% after exports shot up 1.03x YoY. XPENG-W (09868.HK) snowballed 5.28%, with both monthly total deliveries and overseas deliveries hitting record highs. GEELY AUTO (00175.HK) dipped 1.01%, though October sales grew 21% YoY.

Chinese financial regulators purportedly convened a meeting to study promoting the use of tools supporting the capital market. Chinese insurers broadly advanced this morning. CHINA LIFE (02628.HK) soared 4.86% despite a 46.7% decline in net profit for 1-3Q. PING AN (02318.HK) mounted 2.03%, while NCI (01336.HK) surged 4.63%.

Banks were subdued. BOC HONG KONG (02388.HK) shed 4.16% after results, making it the worst-performing blue chip during the half-day session. BANK OF CHINA (03988.HK) slumped 3.91%, while CM BANK (03968.HK), ICBC (01398.HK), and HSBC HOLDINGS (00005.HK) all sagged more than 2%.

Lithium battery stocks rebounded. CATL (03750.HK) proliferated 6.73%, making it the best-performing blue chip during the half-day session. GANFENGLITHIUM (01772.HK) ballooned 4.18%, while CALB (03931.HK) leaped 3.96%.
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AASTOCKS Financial News
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