---
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)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 科網股跌咗落嚟博乜好｜唐牛 | 港股因金銀價格波動及電訊商税收變化而劇烈波動，恆指從 28 樓跌至 26 樓。科技股受增值税上調傳聞影響，騰訊股價大跌，指數由升 300 點轉為跌 300 點。儘管傳聞被澄清，市場情緒仍然緊張。建議關注阿里和百度的低位買入機會，因其有晶片分 | [Link](https://longbridge.com/en/news/274736956.md) |
| 摩爾線程快速完成對 Qwen3.5 模型全面適配 | 摩爾線程宣佈已在旗艦級 AI 訓推一體全功能 GPU MTT S5000 上完成對阿里最新大模型 Qwen3.5 的全方位適配。此次支持充分展示了摩爾線程 MUSA 生態的成熟度與完備性，開發者可通過 MUSA C 編程語言及 Triton | [Link](https://longbridge.com/en/news/276153560.md) |
| 滙豐中銀連股息賺七成不輸黃金 港美傳統股當旺 林本利：可趁機減磅 | 林本利預測恆指今年將在 23000 至 30000 點間波動，建議持有傳統金融和地產股的投資者可趁機減持，轉向大型科技股。他指出，儘管金價上漲，但持有滙豐和中銀的收益與黃金相當，過去一年收益超過七成。林本利分析了港股和美股的表現，認為傳統股 | [Link](https://longbridge.com/en/news/275987801.md) |
| 恒指季檢揭盅 寧德時代與老鋪黃金、洛鉬染藍 藍籌股增至 90 隻 | 恆指公司公布最新季檢結果，寧德時代、老鋪黃金及洛陽鉬業被納入恆指成分股，成分股增至 90 隻，同時剔除中升集團。國指方面，貝殼及地平線機器人被納入，華潤啤酒及蒙牛乳業被剔除，成分股維持 50 隻。科指沒有成分股變動。 | [Link](https://longbridge.com/en/news/275886502.md) |
| 阿里及百度等擬被納入中國軍事企業清單 阿里斥毫無依據 ADR 仍較港股高水 | 阿里巴巴、百度等多家中國企業被列入美國政府的軍事企業清單，導致其美股價格下跌。阿里巴巴對此表示強烈反對，稱提議毫無依據，並將採取法律行動。被列入清單的企業還包括藥明康德和比亞迪等。根據新法，美國國防部未來將禁止與這些公司籤訂合同。該清單自  | [Link](https://longbridge.com/en/news/275920335.md) |

---

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