HSI1 23,919.50 0.00 --
HSCEI1 8,057.59 0.00 --
Back    Zoom +    Zoom - Block Traded
HSI Reverts Up 3 Pts at Half-day; WUXI Series Booms; MINIMAX Hits Record Low; LENOVO Slips Another 2%
2026-11-04 12:37:27
US midterm election results are being unveiled progressively, with the Democratic Party anticipated to control both chambers of Congress. DJIA futures dived more than 400 points, whereas Nasdaq futures slumped 2%.

Hong Kong bourse opened down 74 points this morning (4th) and once shed 140 points before stabilizing. The HSI closed the half-day session at 23,529, up 3 points or 0.02%, with main board turnover at HKD87.723 billion. The HSCEI settled at 7,943, up less than 1 point, while the HSTECH closed at 3,828, down 39 points or 1.01%.

Major techs were broadly weak. BABA-W (09988.HK) fell 1.96%; TENCENT (00700.HK) faded 0.45%; MEITUAN-W (03690.HK) slipped 0.2%; XIAOMI-W (01810.HK) declined 1.12%; and JD-SW (09618.HK) lost 1.77%.

With the US Democratic Party expected to control both chambers of Congress, the market was concerned that stricter regulation may be imposed on the AI industry. HK-listed AI large model stocks ebbed, with MINIMAX-W (00100.HK) hitting a record low of HKD148.4 before closing the half-day at HKD149.8, down 3.79%. Z.AI (02513.HK) also slipped 3.94%.

Among blue chips, LENOVO GROUP (00992.HK) tumbled another 2.09%, while CM BANK (03968.HK) added 2.01%. Chip stocks were supported by buying interest, with SMIC (00981.HK) elevating 2.39% and HUA HONG GRACE (01347.HK) adding 0.25%. NEV makers were squeezed, with LI AUTO-W (02015.HK) down 3.65% and GEELY AUTO (00175.HK) down 2.66%.
~

AASTOCKS Financial News
Website: www.aastocks.com