---
title: "\"Hong Kong Stocks\" The Hang Seng Index fell 53 points in the half-day session, XPeng surged 15%, while Alibaba and JD.com were relatively soft"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265263827.md"
description: "Hong Kong stocks retreated in the morning session today, with the Hang Seng Index down 53 points at 26,595 points. Technology stocks generally fell, with Tencent down 0.8%, Alibaba and JD.com down 2.1% and 2.3% respectively. XPeng's stock price rose 15.1% due to a report from a Jefferies analyst highlighting its Robotaxi plan. The overall market turnover was HKD 118.313 billion"
datetime: "2025-11-11T04:27:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265263827.md)
  - [en](https://longbridge.com/en/news/265263827.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265263827.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/265263827.md) | [繁體中文](https://longbridge.com/zh-HK/news/265263827.md)


# "Hong Kong Stocks" The Hang Seng Index fell 53 points in the half-day session, XPeng surged 15%, while Alibaba and JD.com were relatively soft

After rising over 400 points yesterday (10th), the Hong Kong stock market retreated in the morning session today (11th). The Hang Seng Index opened up 99 points, initially rising 139 points to a high of 26,788 points before falling back, at one point dropping 137 points to a low of 26,511 points, closing down 53 points or 0.2% at 26,595 points; the Hang Seng China Enterprises Index fell 30 points or 0.3% to 9,412 points; the Hang Seng Tech Index dropped 14 points or 0.25% to 5,900 points. The total turnover of the market for the half day was HKD 118.313 billion.

In the technology sector, Tencent (00700.HK) fell 0.8% to HKD 644, with the company set to announce its earnings this Thursday (13th). Baidu (09888.HK) rose 3.3%, with the market focusing on management's information regarding autonomous driving taxis and other business data during the earnings announcement. E-commerce stocks Alibaba (09988.HK) and JD.com (09618.HK) fell 2.1% and 2.3%, respectively. Additionally, Meituan (03690.HK) and Bilibili (09626.HK) dropped 2% and 1.6%, while NetEase (09999.HK) and Kuaishou (01024.HK) fell 0.7% and 0.6%, respectively. Xiaomi (01810.HK) rose 0.7%.

In the chip sector, SMIC (00981.HK) and Hua Hong Semiconductor (01347.HK) fell 2% and 0.9%. In the mobile components sector, Sunny Optical (02382.HK) reported a 5.7% year-on-year increase in mobile lens shipments last month, but its stock price fell 0.5%. Q Technology (01478.HK) rose 3.2%. In the comprehensive electronics sector, Hongteng (06088.HK) dropped 6.3%.

The China Passenger Car Association indicated that the retail sales of new energy passenger vehicles in mainland China fell 1.3% month-on-month in October, with automotive stocks showing mixed performance. BYD (01211.HK) fell 0.3%, Seres (09927.HK) dropped 3.2%, while Nio (09866.HK) rose 1.4%. XPeng (09868.HK) surged 15.1%, with Credit Suisse noting that XPeng has planned for Robotaxi operations, aiming for mass production and commercialization in the second half of next year, and citing XPeng's statement that robots and electric vehicles share basic hardware (such as chips) and common models and datasets for deep integration and scalability across fields.

Autonomous driving system provider Pony.ai (02026.HK) and automotive radar provider Hesai (02525.HK) rose 2.6% and 5.4%, respectively. Lithium stocks Ganfeng Lithium (01772.HK) rose 3.7%.

In the financial sector, HSBC (00005.HK) and Standard Chartered (02888.HK) rose 2% and 1.9%, while Hong Kong Exchanges and Clearing (000388.HK) fell 0.3%, and AIA (01299.HK) rose 1.4%. Gold prices rose back above USD 4,100, with China Gold International (02099.HK) and Shandong Gold (01787.HK) rising 1.9% and 1.6%, respectively In other stocks, film stocks such as DMG Entertainment (01060.HK) and Maoyan (01896.HK) each rose by 2.9%, while pharmaceutical stocks WuXi Biologics (02269.HK) and Hansoh Pharmaceutical (03692.HK) fell by 2.5%, and Kanglong Chemical (03759.HK) dropped by 3.2%. Domestic property stocks Longfor Group (00960.HK) and R&F Properties (01109.HK) rose by over 2%, while property management stock China Resources Mixc (01209.HK) increased by 3.3%. Coal stocks Shenhua (01088.HK), Yanzhou Coal (01171.HK), and China Coal (01898.HK) fell by 2.4% to 3.2%

### Related Stocks

- [XPeng Inc. (XPEV.US)](https://longbridge.com/en/quote/XPEV.US.md)
- [XPENG-W (09868.HK)](https://longbridge.com/en/quote/09868.HK.md)
- [JD.com, Inc. (JD.US)](https://longbridge.com/en/quote/JD.US.md)
- [JD-SW (09618.HK)](https://longbridge.com/en/quote/09618.HK.md)

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