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<H Shrs>HSI Ends Up 4 Pts; LINK REIT Slumps 6%+; CATL Squeezed
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The HSI crossed the finish line up 4 points at 25,835. The HSCEI fell 7 points or 0.1% to close at 9,143. The HSTECH slid 32 points or 0.6%, closing at 5,574. The total market turnover for the day amounted to HKD245.136 billion.

LINK REIT (00823.HK) cratered 6.4% to HKD38.8, the biggest loser among blue chips for the day. Its interim distribution receded 5.9% YoY. CSPC PHARMA (01093.HK) swelled 2% to HKD7.72, even though its 1-3Q25 net profit plunged 7.1% YoY.

Related NewsUnemployment Rate for Oct in China is 5.1%, lower than the previous value of 5.2%. The forecast was 5.2%.
KUAISHOU-W (01024.HK) ticked up 2.3%. Its 3Q25 adjusted profit surged 26%. LENOVO GROUP (00992.HK) edged 0.9% higher. Its half-year net profit soared 40.5%. KINGSOFT CLOUD (03896.HK) advanced 4.9%. It recorded a 3Q25 loss of RMB4.62 million and an adjusted net profit of RMB28.7 million. GDS-SW (09698.HK) rocketed 6.2%. It managed to turn losses into a profit of RMB712 million in 3Q25. KINGSOFT (03888.HK) dived 7%. Its 3Q25 net profit tumbled 49%.

Among other tech stocks, NTES-S (09999.HK), set to announce its quarterly results after the bell, shed 1.4%. XIAOMI-W (01810.HK) eroded 2.9%, continuing to cave under pressure following its results release. TENCENT (00700.HK) dipped 0.2% to HKD621. BABA-W (09988.HK) and BILIBILI-W (09626.HK) faded 1% and 2.7%. JD-SW (09618.HK) closed flat at HKD113.5. MEITUAN-W (03690.HK) added 0.5%. BIDU-SW (09888.HK) rallied 2.4%.

In addition, PA GOODDOCTOR (01833.HK) shot up 4.3%. Q TECH (01478.HK) retreated 5.6%. Chip stock SMIC (00981.HK) added 0.7%, while its peer HUA HONG SEMI (01347.HK) went down 3%.

Related NewsIndustrial Production YoY for Oct in China is 4.9%, lower than the previous value of 6.5%. The forecast was 5.5%.
With its cornerstone investors' lock-up period ending today, CATL (03750.HK) slumped 5.7% to HKD483, with a turnover of HKD7.09 billion.

As for carmakers, BYD COMPANY (01211.HK) ebbed 0.9%. NIO-SW (09866.HK) and XPENG-W (09868.HK) fell 3.2% and 4.5%. LEAPMOTOR (09863.HK) dropped 5.9%.
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