HSI1 24,271.20 +59.85 162.63B
HSCEI1 8,168.57 +20.70 49.87B
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HSI Up 42 Pts at Half-day; XIAOMI-W Slumps ~5%; PCB, Optical Communication and Chip Stocks Wane
2026-10-12 12:40:49
After the HSI opened up 223 pts, gains gradually narrowed. The index closed at 24,253 at midday, up 42 pts or 0.17%, with market turnover at HKD86.156 billion. The HSTECH closed at 4,174, down 23 pts or 0.55%, while the HSCEI closed at 8,149, up 2 pts or 0.03%.

Among major tech blue chips, XIAOMI-W (01810.HK) slumped 4.85%; BABA-W (09988.HK) rose 1.5%; TENCENT (00700.HK) gained 0.52% as the group plans to issue notes under its global medium-term note programme; NTES (09999.HK) jumped up 2.95%.

PCB stocks came under pressure. KB LAMINATES (01888.HK) slid 2.08%; KINGBOARD HLDG (00148.HK) dropped 0.54%; DELTON (01989.HK) tumbled 5.71% after the company forecast net profit for the first three quarters to more than double to as much as RMB1.5 billion; VGT (02476.HK) declined 3.54%; KINWONG (03228.HK) crumbled 5.53%; HANS CNC (03200.HK) plunged 5.48%. Optical communication concept stocks also weakened. ZJ INNOLIGHT (03308.HK) tumbled 4.26%; YOFC (06869.HK) slipped 4.28%; CIG (06166.HK) plummeted 8.67%.

Hong Kong-listed chip stocks moved lower against the market trend. SMIC (00981.HK) fell 1.99%; HUA HONG GRACE (01347.HK) stumbled 4.44%; MONTAGE TECH (06809.HK) subsided 3.65%. South Korea's KOSPI dropped 3%. XL2CSOPHYNIX (07709.HK), fell 9.32%, while the daily leveraged maximum 2x product tracking Samsung Electronics, XL2CSOPSMSN (07747.HK), dropped 6.36%.
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