Futu News reported on November 11 that Hong Kong's three major indices all declined,$Hang Seng Index (800000.HK)$down 0.20%,$Hang Seng TECH Index (800700.HK)$falling by 0.25%,$Hang Seng China Enterprises Index (800100.HK)$and the S&P 500 dropped by 0.32%.
As of the midday close, 849 stocks on the Hong Kong stock market rose, 1081 fell, and 1293 remained unchanged.
In terms of sectors, most technology and internet stocks fell, with Baidu Group-SW rising 3.34%, Alibaba-W falling 2.33%, JD.com-SW falling 2.09%, Meituan-W falling 2.03%, Tencent Holdings falling 0.85%, Xiaomi Group-W rising 0.71%, Kuaishou-W falling 0.57%, and SenseTime-W remaining unchanged at 0.00%.
Coal stocks generally fell, with China Coal Energy dropping 3.24%, Yanzhou Coal Mining falling 3.06%, Shougang Resources declining 2.48%, MONGOL MINING falling 2.47%, China Shenhua dropping 2.39%, Yancoal Australia falling 1.50%, China Qinfa declining 0.97%, and PowerLeader Development closing flat.
Most semiconductor stocks declined, with SMIC falling 2.01%, Innoscience rising 1.98%, FORTIOR dropping 1.63%, Beike Micro falling 1.21%, Ingdan Innovation declining 1.09%, Shanghai Fudan increasing 0.94%, Huahong Semiconductor decreasing 0.90%, and CEC Huada Technology gaining 0.70%.
The performance of property management and services stocks diverged, with China Resources Mixc Lifestyle Services rising 3.26%, Jinyi Group Holdings falling 2.42%, Evergrande Property Services increasing 2.26%, Sunac Services rising 1.22%, Poly Property Services gaining 1.20%, Vanke Clouds climbing 0.78%, Country Garden Services ending flat, and China Overseas Property closing unchanged.
Several securities and brokerage stocks trended downward, with Huatai Securities falling 2.71%, Guotai Junan International rising 1.99%, CICC dropping 1.86%, GF Securities declining 1.65%, Bright Smart Securities falling 1.57%, CITIC Construction Investment Securities dropping 1.29%, China Galaxy Securities decreasing 0.98%, and Guotai Haitong slipping 0.37%.
Real estate developer stocks showed mixed results, with Poly Investments Group surging 7.11%, Longfor Group rising 2.35%, China Resources Land gaining 2.20%, New World Development climbing 2.09%, China Overseas Land & Investment increasing 1.06%, Sunac China rising 0.70%, Cheung Kong Property Holdings gaining 0.65%, and Vanke Enterprises falling 0.23%.
In terms of individual stocks,$SINOPHARM (01099.HK)$The stock surged over 3%, hitting a new high for the year, after Morgan Stanley previously assigned it a target price of HKD 22.5.
$LOPAL TECH (02465.HK)$The stock rose over 3% in morning trading as demand for lithium iron phosphate continued to grow rapidly, with the company significantly narrowing its losses in the first three quarters.
$REPT BATTERO (00666.HK)$Up nearly 12%, the energy storage market continues to thrive, with the company's energy storage battery shipments ranking among the top in the first three quarters.
$UNITED LAB (03933.HK)$Up nearly 3% in early trading, the Phase II clinical trial for the innovative drug TUL01101 met its goals, with plans to proceed to Phase III trials.
$SICC (02631.HK)$Up over 6%, the SiC industry chain is expected to benefit from advancements in advanced packaging and high-voltage platform vehicle innovations.
$FIT HON TENG (06088.HK)$Down over 6%, net profit from continuing operations increased by 3.9% year-on-year in the first three quarters.
$HWORLD-S (01179.HK)$Up nearly 3%, RevPAR declines in the hotel industry narrowed, with Morgan Stanley expecting the company’s Q3 results to outperform market expectations.
$BEKE-W (02423.HK)$Up over 3%, adjusted net profit for Q3 decreased by 27.8% year-on-year; institutions forecast its profit margin to improve by 2026.
$GANFENGLITHIUM (01772.HK)$Up nearly 4%, the merger project of Argentina's lithium salt lake has achieved key progress, with a designed annual capacity of approximately 150,000 tons of LCE.
$BIDU-SW (09888.HK)$Up over 3%, Luobo Kuaipao announced it has obtained a fully driverless commercial operation license in Abu Dhabi.
$XPENG-W (09868.HK)$Hong Kong stocks surged over 15%, while U.S.-listed shares closed up more than 16% overnight. The company recently unveiled multiple achievements, including physical AI and humanoid robots, earning positive outlooks from major banks such as Citi.
