HSI1 23,637.60 -370.95 195.86B
HSCEI1 7,937.53 -119.23 71.74B
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HSI Slips 222 pts at Half-day Close; LENOVO Dives 5%; AI Large Model, PCB and Optical Communication Shares In Selloff
2026-11-13 12:39:46
The HSI closed the half-day at 23,786, down 222 points or 0.92%, with main board turnover at HKD93.533 billion. The HSCEI ended at 7,988, down 68 points or 0.85%. The HSTECH concluded at 3,863, down 68 points or 1.75%.

Following revelations of extramarital affairs involving Jensen Huang, NVIDIA (NVDA.US) eventually announced his resignation as CEO. NVIDIA shares once slumped more than 14% before narrowing losses to over 4% at the close. The Nasdaq closed down 0.39%, while the DJIA also dived 189 points or nearly 0.4%.

Leading dotcoms broadly retreated. TENCENT (00700.HK) fell off 2.51%; XIAOMI-W (01810.HK) shed 2.67%; BIDU-W (09888.HK) declined 1.69%; MEITUAN-W (03690.HK) lost 1.32%; BABA-W (09988.HK) dipped 0.8%. JD-SW (09618.HK) bucked the trend and edged up 0.28% after announcing completion of its tender offer for Ceconomy.

US President Donald Trump said the US does not need to reach an agreement with Iran. Hong Kong-listed oil majors advanced, with PETROCHINA (00857.HK) up 2.79%; SINOPEC CORP (00386.HK) up 2.25%; and CNOOC (00883.HK) up 0.7%.

Chip and semiconductor stocks traded lower. HUA HONG GRACE (01347.HK), GIGADEVICE (03986.HK) and MONTAGE TECH (06809.HK) slipped more than 4%; BIREN TECH (06082.HK) sagged 2.49%; while SMIC (00981.HK) added 0.53% after results.

Among AI large model stocks, Z.AI (02513.HK) plunged 8.94%, while MINIMAX-W (00100.HK) tumbled 6.63%. PCB shares were under pressure, with KB LAMINATES (01888.HK) and KINGBOARD HLDG (00148.HK) skydiving 7.07% and 4.76%, respectively. Optical communication concept stocks were also heavily sold, with ZJ INNOLIGHT (03308.HK) stumbling 8.24% and YOFC (06869.HK) cascading 5.66%.
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