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| HSI1 | 23,786.48 | -222.07 | 93.53B |
| HSCEI1 | 7,988.13 | -68.63 | 30.81B |
| Back Zoom + Zoom - Block Traded | |
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2026-11-11 12:48:39 US October inflation came in stronger than expected, lifting expectations for further Fed rate hikes. Fed Governor Christopher Waller remained open to a 50-bp rate hike in December. Overnight (10th), the DJIA closed down 157 pts or 0.3%, while the Nasdaq lost 0.74%. Hong Kong bourse opened down 202 pts this morning (11th), with losses narrowing to as little as 131 pts before renewed selling pressure emerged. The HSI closed the half-day at 24,352, down 204 pts or 0.83%, with main board turnover at HKD83.816 billion. The HSCEI ended at 8,199, down 65 pts or 0.8%. The HSTECH concluded at 4,028, down 55 pts or 1.36%. Major techs were broadly under pressure. MEITUAN-W (03690.HK) fell off 3.51%, making it the worst-performing blue chip at midday. NTES (09999.HK) cratered 2.89%. BIDU-W (09888.HK) and TENCENT (00700.HK) each declined more than 1%. BABA-W (09988.HK) dipped 0.79% to HKD100.8, continuing to test the HKD100 level after the company received approval from the Hong Kong Stock Exchange for the Hong Kong listing spin-off of T-Head. Optical communication stocks outperformed the market. ZJ INNOLIGHT (03308.HK) soared 7.9%, YOFC (06869.HK) mounted 5.52%, while CIG (06166.HK) jumped up 16.2%. Rising expectations for US rate hikes weighed on resource-related stocks. CMOC (03993.HK) crumbled 2.08%, JIANGXI COPPER (00358.HK) shed 2.4%, while MMG (01208.HK), CHINFMINING (01258.HK), ZIJIN MINING (02899.HK), ZIJIN GOLD INTL (02259.HK), SD GOLD (01787.HK), ZHAOJIN MINING (01818.HK) and CHALCO (02600.HK) all subsided more than 1%. CHINAHONGQIAO (01378.HK) bucked the trend to add 1.7%. Property developers remained meager amid rising rate hike expectations. LINK REIT (00823.HK) shrank 2% after brokers said the acquisition of an interest in Singapore's Eastpoint Mall could be mild DPU accretive. SHK PPT (00016.HK) fell 1.8% by midday, while WHARF REIC (01997.HK), SWIREPROPERTIES (01972.HK), HENDERSON LAND (00012.HK) and SINO LAND (00083.HK) lost 1.1-1.3%. NEW WORLD DEV (00017.HK) sank 0.2%, while CK ASSET (01113.HK) edged down 0.7%. MTR CORPORATION (00066.HK) lowered 1.1% by midday after signing the agreement with the government for the Northern Link (Part 2) project, which is expected to involve capex of HKD9.9 billion over the next three years. ~ AASTOCKS Financial News Website: www.aastocks.com | |