HSI1 23,919.50 0.00 --
HSCEI1 8,057.59 0.00 --
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HSI Closes Up 393 Pts as HUA HONG GRACE Surges 15%+; Gold Miners and Pharmas Rally
2026-11-04 16:41:37
US midterm election results were unveiled progressively. After investors digested the news that the Democratic Party successfully gained control of both houses of Congress, DJIA futures rebounded by more than 100 points. The broader Hong Kong market skyrocketed in early afternoon trading, echoing the rally in A-shares. The HSI closed at the day's high of 23,919, up 393 points or 1.67%, with full-day turnover reaching HKD236.896 billion. The HSTECH closed at 3,936, up 68 points or 1.77%, while the HSCEI closed at 8,057, up 114 points or 1.44%.

Major techs broadly blossomed. BABA-W (09988.HK), TENCENT (00700.HK) and MEITUAN-W (03690.HK) each added more than 1%; BIDU-W (09888.HK) rallied 2.48%; and XIAOMI-W (01810.HK) lifted 0.56%.

AI-related concept stocks bounced back robustly. MINIMAX-W (00100.HK), whose share price once hit a new trough this morning, recovered losses in the afternoon and closed up 7.45% at HKD167.3. Z.AI (02513.HK) shot up 9.55%. Chip makers also gained momentum, with HUA HONG GRACE (01347.HK) surging 15.75%, making it the best-performing blue chip of the day. SMIC (00981.HK) elevated 8.96%, while GIGADEVICE (03986.HK), MONTAGE TECH (06809.HK) and ILUVATAR COREX (09903.HK) mounted 8-11%+.

As the Trump administration is likely to become a "lame duck" during the remaining two years of its term, the USD came under hefty pressure. Spot gold climbed back above the USD4,000 per ounce mark, boosting gold miners. ZIJIN MINING (02899.HK) soared 7.62%; ZHAOJIN MINING (01818.HK) swelled 10.6%; ZIJIN GOLD INTL (02259.HK) leaped 14.58%; CHIFENG GOLD (06693.HK) jumped up 18.15%; and LINGBAO GOLD (03330.HK) also escalated 17.04%.

Innovative drug makers collectively moved higher. WUXI XDC (02268.HK) proliferated 13.01%; GENSCRIPT B-1K (01548.HK), WUXI APPTEC (02359.HK) and WUXI BIO (02269.HK) rebounded sharply by more than 12%; BEONE MEDICINES (06160.HK) mushroomed 10.18%. INNOVENT BIO (01801.HK), HANSOH PHARMA (03692.HK), CSPC PHARMA (01093.HK) and SBP GROUP (01177.HK) ballooned 5-7%+.
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