HSI1 24,448.95 -32.91 173.71B
HSCEI1 8,260.15 -13.95 54.80B
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HSI Up 49 Pts at Half-day; MEITUAN-W Tumbles 5%; HUA HONG GRACE Bounces Back 3%
2026-11-09 12:29:44
US stocks held sturdy a bit last Friday (6th) after recent downswing, with the Nasdaq adding 1.09% and the PHLX Semiconductor Sector Index picking up more than 4%. Hong Kong bourse opened up 143 pts this morning (9th) and once gained as much as 257 pts before paring gains. The HSI closed at 24,531 at midday, up 49 pts or 0.2%, with main board turnover at HKD97.412 billion; the HSCEI stood at 8,291, up 17 pts or 0.21%; the HSTECH stood at 4,081, up 2 pts or 0.07%.

MEITUAN-W (03690.HK) crumbled 5.47% by midday after Morgan Stanley downgraded the stock rating and cut its TP to HKD90; Morgan Stanley said BABA-W (09988.HK) is the best AI-related stock in China's internet sector, and the stock edged up 0.1% by midday; TENCENT (00700.HK) inched up 0.38%; BIDU-W (09888.HK) gained 1.34%; XIAOMI-W (01810.HK) dipped 0.26%.

Among blue chips, LONGFOR GROUP (00960.HK) and CATL (03750.HK) each shed about 3%; LENOVO GROUP (00992.HK) jumped up 2.39%; BANK OF CHINA (03988.HK) gained 2.21%.

Some AI hardware stocks rebounded alongside overseas markets, with chip stocks broadly stronger. HUA HONG GRACE (01347.HK) soared 3.13%; SMIC (00981.HK) rallied 2.41%; GIGADEVICE (03986.HK) hiked 1.41%. Among optical communication concept stocks, ZJ INNOLIGHT (03308.HK) fell 0.7%; YOFC (06869.HK) elevated 4.01%. Among large AI model stocks, Z.AI (02513.HK) mounted 3.85%; MINIMAX-W (00100.HK) surged 3.59%.

Among PCB stocks, KB LAMINATES (01888.HK) fell off 2.5%; KINGBOARD HLDG (00148.HK) edged down 0.05%.

Biotechs strengthened, with WUXI BIO (02269.HK) and WUXI APPTEC (02359.HK) leaping more than 3%; BEONE MEDICINES (06160.HK) lifting 1.23%; CSPC PHARMA (01093.HK) growing 1.18%; INSILICO (03696.HK) advancing 4.54%.
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