The global top ten foundry output value reached a new high in the third quarter, with significant achievements in independent and controllable foundry Technology.
The Hong Kong stock market Hang Seng Index rose 0.16% in early trading, reaching 19,784 points; the Hang Seng TECH Index increased by 0.69%.
Chip stocks collectively rose in early trading. The global top ten foundry output value reached a new high in the third quarter, with significant achievements in independent and controllable foundry Technology. Semiconductor Manufacturing International Corporation (00981) rose 10.52%, reaching HKD 28.90; HUA HONG SEMI (01347) rose 7.32%.
Electric Vehicles stocks rose, driven by the year-end peak season combined with the trade-in policy for replacing old vehicles, the Industry continued to maintain a high prosperity trend. NIO Inc. -SW (09866) rose 2.60%; LEAPMOTOR (09863) rose 4.19%; Li Auto Inc. -W (02015) rose 2%; XPeng Inc. -W (09868) rose 0.93%.
Xiaocaiyuan (00999) was listed for the first time, rising 4.47% in early trading.
Tencent (00700) rose over 3% in early trading again, with increasing attention on the WeChat Mini Store, and the new feature corresponds to a potentially huge emerging channel.
WEIMOB INC (02013) continued to soar by 16.59%. The WeChat Mini Store is testing the 'gift-giving' feature, and CICC indicates that the company is expected to benefit first.
EAST BUY (01797) rose over 15%, having supported the "Gift Giving" feature on WeChat Mini Store, with a rich range of self-operated products.
Jiangsu Lopal Tech. (02465) rose 9% in early trading, with institutions stating that the demand for lithium iron phosphate continues to be prosperous but challenging for price increases.
CHICMAX (02145) rose over 5%, with Han Shu exhibiting strong growth momentum, and has already established a presence in the WeChat e-commerce ecosystem.
Kingsoft Cloud (03896) rose 10.64% in early trading, benefiting from Xiaomi's deep integration of AI into the demand for computational power in its ecosystem.
ZOOMLION (01157) fell over 2%, with revenues this year falling far below expectations, and UBS Group indicating that its domestic business still faces pressures.
Herbs Generation Group Holdings Limited (02593) fell over 8% on its second day of listing, briefly dropping below the issuance price in early trading, with the company focused on the health products market in Hong Kong.