---
title: "\"Hong Kong Stocks\" The Hang Seng Index rose by 611 points, the Tech Index increased by 3%, Alibaba and casino stocks surged"
description: "Hong Kong stocks rebounded, with the Hang Seng Index closing up 611 points, and the National Index and Hang Seng TECH Index rising 220 points and 172 points, respectively. Mainland China's economy gre"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261836930.md"
published_at: "2025-10-20T08:25:05.000Z"
---

# "Hong Kong Stocks" The Hang Seng Index rose by 611 points, the Tech Index increased by 3%, Alibaba and casino stocks surged

> Hong Kong stocks rebounded, with the Hang Seng Index closing up 611 points, and the National Index and Hang Seng TECH Index rising 220 points and 172 points, respectively. Mainland China's economy grew by 4.8% in the third quarter, exceeding expectations, and China and the U.S. agreed to hold a new round of economic and trade consultations as soon as possible. Technology stocks such as Alibaba and NetEase performed strongly, rising 4.9% and 5.2%, respectively. Automotive stocks and telecommunications equipment stocks also performed well, with Leapmotor's stock price increasing by 6.2%. The overall market turnover was HKD 239.16 billion

Mainland China's economy grew by 4.8% in the third quarter, slightly exceeding expectations. China and the United States agreed to hold a new round of economic and trade consultations as soon as possible, while the market awaits discussions on economic measures at the Fourth Plenary Session. Hong Kong stocks rebounded. The Hang Seng Index opened up 637 points, once rising 665 points to a high of 25,912 points, closing up 611 points or 2.4% at 25,858 points; the Hang Seng China Enterprises Index rose 220 points or 2.5%, closing at 9,232 points; the Hang Seng TECH Index rose 172 points or 3%, closing at 5,933 points. The total turnover of the market for the day was HKD 239.16 billion.

In the technology sector, Alibaba (09988.HK) and NetEase (09999.HK) rose by 4.9% and 5.2%, respectively, Baidu (09888.HK) rose by 3.7%, Tencent (00700.HK), JD.com (09618.HK), and Xiaomi (01810.HK) rose by 2.6% to 3.2%, Meituan (03690.HK) and Bilibili (09626.HK) rose by 2.3%, and Kuaishou (01024.HK) rose by 1.6%. Additionally, Yueda (00772.HK), JD Health (06618.HK), and GDS Holdings (09698.HK) rose by 3.6% to 4.5%, Kingsoft Cloud (03896.HK) rose by 3%, and Dongfang Zhenxuan (01797.HK) fell by 4.6%. Mobile component stocks such as QiuTai (01478.HK) and Sunny Optical (02382.HK) rose by 5.3% and 3.2%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) rose by 3.9% and 2.8%. In telecommunications equipment, ZTE (00763.HK) rose by 4.4%.

In the automotive sector, Leapmotor (09863.HK) saw its chairman Zhu Jiangming and shareholder Fu Liquan increase their holdings, with the stock price rising by 6.2%. Nio (09866.HK) and Geely (00175.HK) rose by 3.7% and 4.4%, while XPeng (09868.HK) and BYD (01211.HK) rose by 2.7% and 1.6%. Battery stock CATL (03750.HK) rose by 1.2%, and autonomous driving radar system provider Hesai (02525.HK) rose by 4.1%. Robotics manufacturer UBTECH (09880.HK) won a procurement order worth RMB 126 million, with its stock price rising by 9.8%.

Aviation and tourism-related stocks performed well, with Sands China (01928.HK), Wynn Macau (01128.HK), and Melco International (00200.HK) rising by 4% to 4.4%, and Galaxy Entertainment (00027.HK) rising by 3.2%. China Eastern Airlines (00670.HK) rose by 9.8%, Air China (00753.HK) and China Southern Airlines (01055.HK) rose by 6.4% and 5.3%, while Trip.com (09961.HK) rose by 3.3%. Pharmaceutical stocks such as Kanglongda (03759.HK), CSPC Pharmaceutical (01093.HK), and CanSino (06185.HK) rose by 3% to 3.6% In the financial sector, HSBC (00005.HK) rose 1.2%, Standard Chartered (02888.HK), Hong Kong Exchanges and Clearing (00388.HK), and FWD Group (01828.HK) rose 2.7% to 3.1%, while AIA (01299.HK) rose 4.4%. In the domestic insurance sector, China Life (02628.HK) rose 2.4%. In the domestic property sector, R&F Properties (02777.HK) rose 5.1%, while Greentown China (03900.HK), Jinmao (00817.HK), and Yuexiu Property (00123.HK) rose 2.9% to 3.6%. In the real estate sector, Wharf Real Estate Investment Company (01997.HK) rose 4.5%.

Gold prices have significantly retreated from their highs, with Zijin Mining (02259.HK) falling 5.3%, Zhaojin Mining (01818.HK) and Lingbao Gold (03330.HK) dropping over 3%, and Shandong Gold (01787.HK) falling 5.8%. Gold retail stock Lao Pu Gold (06181.HK) retracted 6.2%. Among oil stocks, PetroChina (00857.HK) rose 5.1%. In the coal sector, Yancoal (01171.HK) rose 3.8%. In other stocks, shipping stock Pacific Basin Shipping (02343.HK) rose 3.2%, while export stocks Techtronic Industries (00669.HK) and Shenzhou International (02313.HK) rose over 4%. Longyuan Power (00916.HK) reported a 5.4% year-on-year decline in cumulative power generation in September, with its stock price falling 3.4%

### Related Stocks

- [09899.HK - NETEASE MUSIC](https://longbridge.com/en/quote/09899.HK.md)
- [STECH.HK - Hang Seng TECH Index](https://longbridge.com/en/quote/STECH.HK.md)
- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
