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| HSI1 | 23,093.37 | +158.69 | 249.78B |
| HSCEI1 | 7,756.25 | +67.06 | 87.14B |
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2026-10-21 16:39:51 US stocks were mixed overnight (20th). The DJIA closed up 529 pts or 1%, while the S&P 500 rose 0.28%. Tech stocks were generally weak, with the Nasdaq slipping 0.02%. Hong Kong stocks opened 271 pts higher this morning (21st), reclaiming the 24,000 level, but later reversed course and turned lower. The HSI closed at 23,651, down 215 pts or 0.9%, with full-day turnover of HKD176.597 billion. The HSCEI closed at 7,943, down 86 pts or 1.08%, marking a more than three-month low. The HSTECH fell below the 4,000 mark to close at 3,994, down 51 pts or 1.26%, hitting its lowest level since late September 2024 and a more than two-year low. Major active tech stocks came under pressure. TENCENT (00700.HK) lost the HKD400 mark and closed at HKD393.8, plunging 4.05%. MEITUAN-W (03690.HK) fell 1.84%. BABA-W (09988.HK), JD-SW (09618.HK) and BIDU-W (09888.HK) each dropped more than 1%, while XIAOMI-W (01810.HK) slipped 0.96%. CATL (03750.HK) reported 3Q results below expectations and saw brokers cut TP forecasts. Its share price plunged sharply for a second straight session, losing the HKD400 mark today and hitting an intraday low of HKD361, the lowest in more than a year. The stock closed at HKD364.8, down 11.41%, making it the worst-performing blue chip, with turnover of HKD4.961 billion. Other lithium battery stocks were also under pressure. GANFENGLITHIUM (01772.HK) dropped 3.6%, while CALB (03931.HK) fell 3.57%. New energy vehicle stocks moved lower, with BYD COMPANY (01211.HK) down 3.39%, GEELY AUTO (00175.HK) down 2.81%, and GWMOTOR (02333.HK) down 3.74%. The three major Chinese telecom operators also came under pressure. CHINA MOBILE (00941.HK) fell 3.66% for the day after Citi said the group's 3Q results slightly missed expectations. CHINA TELECOM (00728.HK) and CHINA UNICOM (00762.HK) dropped 2.94% and 3.59%, respectively. POP MART (09992.HK) extended losses for a fifth consecutive session, sliding another 4.84% to HKD129.8, another roughly one-and-a-half-year low. PETROCHINA (00857.HK) fell 2%. BOC HONG KONG (02388.HK) rose 2.08%, while SUNNY OPTICAL (02382.HK) gained 2.16%. LENOVO GROUP (00992.HK) rebounded 2.93%, making it the best-performing blue chip. Among individual stocks, MONTAGE TECH (06809.HK) surged 8.97% after brokers said the company's preliminary results beat expectations. As another mainland PCB supplier is considering a Hong Kong listing, KINGBOARD HLDG (00148.HK) and KB LAMINATES (01888.HK) rose 1.19% and 2.01%, respectively. (mn/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |