HSI1 24,448.95 -32.91 173.71B
HSCEI1 8,260.15 -13.95 54.80B
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HSI Closes Down 32 Pts as MEITUAN-W Plummets 6%+; Kingboard Series Under Pressure
2026-11-09 16:25:52
US bourse held sturdy a bit last Friday (6th), with the Nasdaq adding 1.09% and the PHLX Semiconductor Sector Index rebounding more than 4%. Hong Kong stocks opened up 143 pts this morning (9th) and once rallied 257 pts before trimming gains. Bears entered the market in the afternoon, sending the broader market into negative territory. The HSI closed at 24,448, down 32 pts or 0.13%, with full-day turnover at HKD173.707 billion. The HSCEI closed at 8,260, down 13 pts or 0.17%, while the HSTECH closed at 4,040, down 37 pts or 0.92%.

MEITUAN-W (03690.HK) crumbled 6.53% for the day after Morgan Stanley downgraded the stock to Equalweight. BABA-W (09988.HK) dropped 0.29%; TENCENT (00700.HK) fell 0.33%; XIAOMI-W (01810.HK) declined 0.92%; JD-SW (09618.HK) dipped 0.88%; while BIDU-W (09888.HK) and NTES (09999.HK) bucked the trend to rise 0.38% and 1.2%, respectively.

Among blue chips, BUD APAC (01876.HK) shot up 3.14%; BANK OF CHINA (03988.HK) swelled 2.12%; WUXI BIO (02269.HK) and WUXI APPTEC (02359.HK) elevated over 2%; LENOVO GROUP (00992.HK) dropped 0.85%; and LONGFOR GROUP (00960.HK) slipped 3.82%.

Chip stocks broadly advanced, with HUA HONG GRACE (01347.HK) jumping 2.35% and SMIC (00981.HK) growing 1.01%. Among optical communication concept stocks, ZJ INNOLIGHT (03308.HK) slumped 4.3%, while YOFC (06869.HK) sank 1.34%. For AI large model stocks, Z.AI (02513.HK) hiked 1.78% and MINIMAX-W (00100.HK) lifted 0.9%. PCB stocks came under pressure, with KB LAMINATES (01888.HK) plunging 9.21% and KINGBOARD HLDG (00148.HK) stumbling 3.42%.
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AASTOCKS Financial News
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