HSI1 23,637.60 -370.95 195.86B
HSCEI1 7,937.53 -119.23 71.74B
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HSI Opens Down 136 Pts; SMIC Up 2%+ After Results; BABA Remains Soft
2026-11-13 09:37:39
The HSI opened at 23,871, down 136 points or 0.57%; the HSCEI opened at 8,010, down 46 points or 0.57%; the HSTECH opened at 3,918, down slightly by 13 points or 0.35%.

After reports of an extramarital affair involving Jensen Huang, he finally announced his resignation as CEO of NVIDIA (NVDA.US). Nvidia shares once slumped more than 14%, before narrowing losses to more than 4% at the close. The Nasdaq closed down 0.39%, while the DJIA also fell 189 points or nearly 0.4%. Hong Kong stocks opened lower this morning (13th) in line with external markets.

Major tech stocks generally retreated with the broader market. TENCENT (00700.HK) opened down 1.45%; MEITUAN-W (03690.HK) fell 1.25%; BABA-W (09988.HK), which dropped 6.76% yesterday, remained soft today and opened down 0.48%; XIAOMI-W (01810.HK) declined 0.8%; JD-SW (09618.HK) slipped 0.37% after the group announced completion of its tender offer for Ceconomy.

Chip and semiconductor stocks bucked the market trend. SMIC (00981.HK) rose 2.59% after results, with 3Q profit surging 1.2x; HUA HONG GRACE (01347.HK) gained 2.79%; GIGADEVICE (03986.HK) climbed 2.42%; MONTAGE TECH (06809.HK) added 1.71%; ILUVATAR COREX (09903.HK) advanced 7.12%.

Among blue chips, BEONE MEDICINES (06160.HK) fell 2.5%; HSBC HOLDINGS (00005.HK) dropped 0.36%; ZIJIN MINING (02899.HK) slid another 1.93%; LAOPU GOLD (06181.HK) also weakened 3.41%.
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AASTOCKS Financial News
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