醫藥股受捧，瑞銀報告看好信達生物(01801.HK)糖尿藥前景，信達生物股價抽高8.1%，康方生物(09926.HK)漲近10%。翰森(03692.HK)、百濟神州(06160.HK)及中生製藥(01177.HK)升3.4%至4.2%。車股方面，小鵬-W(09868.HK)第三季Non-GAAP淨虧損收窄至15.3億人民幣，計劃明年推至少4款新車，該股跌3.1%。吉利(00175.HK)跌2.1%，長汽(02333.HK)及蔚來-SW(09866.HK)跌3.7%。Nvidia (NVDA.US) surged nearly 5% before the earnings announcement, driving the Nasdaq up 195 points or 1% the night of the 19th, while the Dow fell 120 points or 0.3%. Hong Kong stocks fluctuated. Hang Seng Index opened 40 points lower but fell 87 points in the early stage to 19,575 points before rebounding. It rose 41 points or 0.2% for the whole day, closing at 19,705 points; The China Enterprise Index rose 6 points or 0.1% to close at 7,090 points; The Hang Seng Tech Index rose 18 points or 0.4%, closing at 4,413 points. The total turnover of the market for the whole day was 114.671 billion yuan.
Alibaba-W (09988.HK) issued 2.65 billion US dollars and 17 billion RMB of senior unsecured notes, intended for debt repayment and repurchase, with the stock price falling by 0.6% to 84.75 yuan. Weibo-SW (09898.HK) reported a 13% increase in net profit for the first three quarters, with the stock price rising by 7.9%. Kingsoft (03888.HK) saw a 13.5-fold increase in net profit for the third quarter, with the stock price rising by 9.4%. Related company Kingsoft Cloud (03896.HK) widened its loss to 1.057 billion RMB in the third quarter, causing the stock price to surge by 27%.
As for other technology stocks, Tencent (00700.HK) rose 1.1% to 410.8 yuan, Meituan-W (03690.HK), Kuaishou-W (01024.HK), and Bilibili-W (09626.HK) rose by 1.7% to 1.8%, JD.com-SW (09618.HK) and Baidu-SW (09888.HK) rose by less than 1%, while Xiaomi-W (01810.HK) fell by 1.1%. In addition, Meitu (01357.HK) and Kingdee (00268.HK) rose by 10% and 8.8%, Joy City (02400.HK) and Weimob (02013.HK) rose by 5.1% and 6%, GDS Holdings-SW (09698.HK) plummeted by 17%. Mobile component stock AAC Technologies (02018.HK) had its target price raised by Goldman Sachs, causing the stock price to rise by 5%. BYD Electronic (00285.HK) also rose by 3.3%.
Medical stocks were favored, with UBS Group's report bullish on Innovent Bio (01801.HK) in the prospect of diabetes drugs, leading to an 8.1% increase in Innovent Bio's stock price, while Akeso (09926.HK) rose nearly 10%. Hansoh (03692.HK), Beigene (06160.HK), and China Medical System (01177.HK) rose by 3.4% to 4.2%. In the automobile sector, XPeng-W (09868.HK) narrowed its third-quarter Non-GAAP net loss to 1.53 billion RMB, planning to launch at least 4 new cars next year, resulting in a 3.1% decline in its stock price. Geely (00175.HK) fell by 2.1%, while Great Wall Motors (02333.HK) and NIO-SW (09866.HK) fell by 3.7%.
In the financial sector, HSBC Holdings (00005.HK) fell by 0.1% to 71.55 yuan, Hong Kong Exchanges (00388.HK) and AIA (01299.HK) rose by 0.3% and 0.4% respectively. As the gold price rebounded for the second consecutive time, China Gold International (02099.HK) surged by 8.6%, but Zijin Mining (02899.HK) and Shandong Gold (01787.HK) fell by less than 1%.
Travel platform Tongcheng Travel (00780.HK) reported a 56% increase in net profit for the third quarter, with the stock price rising by 3.5%. ZTO Express-W (02057.HK) recorded a 2% increase in net profit for the third quarter and lowered its full-year parcel volume forecast guidance, causing the stock price to fall by 2.5%. HKBN (01310.HK) stated that China Mobile Hong Kong may propose a cash acquisition offer, resulting in a 12.3% higher opening price which narrowed throughout the day to a 6.7% increase. Shenzhou International Group Holdings Limited unsponsored ADR (02313.HK) surged by 6.1% in the afternoon, being the blue-chip stock with the largest increase. Mobvista (01860.HK) surged by 37%, with a transaction amount of 1.49 billion yuan.
