HSI1 24,557.04 +108.09 178.17B
HSCEI1 8,265.81 +5.66 57.75B
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HSI Gains 69 Pts at Midday; BABA-W Slips 3%+; Z.AI Rebounds ~12%; HSBC HOLDINGS Up 3%
2026-11-10 12:32:11
US bourse was unfazed overnight (9th) by news that NVIDIA (NVDA.US) CEO Jensen Huang was under investigation. Coupled with a pullback in international oil prices, the DJIA closed up 1,104 points, while the Nasdaq also rallied 2.74%. Hong Kong stocks opened 172 points higher this morning (10th) before trimming gains. The HSI closed midday at 24,518, up 69 points or 0.29%, with main board turnover at HKD92.984 billion. The HSCEI stood at 8,263, up 2 points or 0.03%, while the HSTECH rose 28 points or 0.7% to 4,069.

Major techs were mixed. BABA-W (09988.HK) posted the largest decline, slipping 3.44% by midday. XIAOMI-W (01810.HK) dropped 1.2%; BIDU-W (09888.HK) rose 1.4%; MEITUAN-W (03690.HK) added 0.47%; and TENCENT (00700.HK) edged down 0.05%.

The PHLX Semiconductor Sector Index rebounded 6.85%, lifting Hong Kong-listed chip stocks. SMIC (00981.HK) jumped up 3.91%, making it the best-performing blue chip by midday. HUA HONG GRACE (01347.HK) mounted 2.92%; GIGADEVICE (03986.HK) soared 3.13%; MONTAGE TECH (06809.HK) surged 6.34%; and ILUVATAR COREX (09903.HK) climbed 9.06%.

Among AI large-model stocks, MINIMAX-W (00100.HK) skyrocketed 7.06%, while Z.AI (02513.HK) rebounded sharply by 11.89%.

Among selected blue chips, HSBC HOLDINGS (00005.HK) elevated 3.06%. WUXI APPTEC (02359.HK) was removed from the "Chinese military company (CMC)" list under US Section 1260H. CLSA said geopolitical risks are expected to ease, and WUXI APPTEC (02359.HK) hiked 1.11%. LENOVO GROUP (00992.HK) soared 2.9%; CMOC (03993.HK) swelled 3.8%; and CATL (03750.HK) advanced 2.38%.
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AASTOCKS Financial News
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