---
title: "\"Hong Kong Stocks\" Hang Seng Index opened high, up 24 points; Baidu rises after earnings, Xiaomi slightly weak"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/266463017.md"
description: "The Hong Kong Hang Seng Index opened 24 points higher, with Baidu's stock price rising 2.2% after earnings, while Xiaomi opened 1.9% lower due to EBIT falling short of expectations. Alibaba opened 0.8% higher, possibly related to its AI strategy. Other tech stocks such as Tencent and Meituan also opened higher. Financial stocks like HSBC opened 1.1% lower, while gold stocks like CHINAGOLDINTL opened 2.6% higher"
datetime: "2025-11-19T01:33:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/266463017.md)
  - [en](https://longbridge.com/en/news/266463017.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/266463017.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/266463017.md) | [繁體中文](https://longbridge.com/zh-HK/news/266463017.md)


# "Hong Kong Stocks" Hang Seng Index opened high, up 24 points; Baidu rises after earnings, Xiaomi slightly weak

Market concerns about the overvaluation of artificial intelligence-related stocks led to a drop of 498 points or 1.1% in the Dow Jones. After three consecutive declines, Hong Kong stocks opened higher this morning, with the Hang Seng Index opening up 24 points or 0.1% at 25,954 points; the National Index opened up 17 points or 0.2% at 9,192 points; and the Hang Seng Tech Index opened up 21 points or 0.4% at 5,666 points.

Baidu (09888.HK) reported a 36% decline in Non-GAAP net profit for the third quarter, beating expectations, and its stock price opened up 2.2% at HKD 113.9. Xiaomi (01810.HK) reported EBIT that fell short of some broker expectations and had its target price lowered, with its stock price opening down 1.9% at HKD 40. Jack Ma appeared at the Ant Group campus in Hangzhou, leading industry speculation that it may be related to AI strategic deployment, with Alibaba (09988.HK) opening up 0.8% at HKD 155.8.

In other tech stocks, Tencent (00700.HK) opened up 0.6% at HKD 627.5, Meituan (03690.HK), JD.com (09618.HK), and Bilibili (09626.HK) opened up 0.1% to 0.2%, and NetEase (09999.HK) opened up 1.1%. Kuaishou (01024.HK), which will announce its quarterly results after the market closes, opened flat at HKD 64.65. Additionally, New Oriental (09901.HK) opened up 2.4%, while chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) opened up 0.8% and 0.4%, respectively.

In the automotive sector, Geely (00175.HK) and XPeng (09868.HK) opened up 1.2% and 1.8%. In the financial sector, HSBC (00005.HK) opened down 1.1% at HKD 108.4, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened up 0.4% and 0.5%. Gold stocks China Gold International (02099.HK) opened up 2.6%, and Zijin (02899.HK) opened up 1.4%

### Related Stocks

- [CHINAGOLDINTL (02099.HK)](https://longbridge.com/en/quote/02099.HK.md)
- [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md)
- [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md)

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