"Hong Kong Stocks" The Hang Seng Index opened high at 169 points, Kuaishou and Lenovo Group rose after earnings, chip stocks increased

AASTOCKS

2025.11.20 01:37

NVIDIA's quarterly results and performance guidance exceeded expectations, and it has been approved to export chips to the UAE and Saudi Arabia, leading to a rise in US stock futures. The Hang Seng Index opened up 169 points or 0.7% at 25,999 points; the National Index opened up 52 points or 0.6% at 9,203 points; the Hang Seng Tech Index opened up 39 points or 0.7% at 5,646 points.

In the tech sector, Kuaishou (01024.HK) reported a 26% increase in adjusted profit for the third quarter, with its stock opening up 2.5% at HKD 65.1. Lenovo Group (00992.HK) saw a 40.5% increase in net profit for the half-year, with its stock opening up 2.5% at HKD 9.87. Kingsoft Cloud (03896.HK) reported a loss of RMB 4.62 million in the third quarter but achieved an adjusted net profit of RMB 28.7 million, with its stock opening up 4.2% at HKD 6.2.

Alibaba (09988.HK) and Meituan (03690.HK) opened up 1.2% and 1%, respectively, while Tencent (00700.HK) opened up 0.6% and Baidu (09888.HK) opened up 3.2%. Xiaomi (01810.HK) and Bilibili (09626.HK) opened down 0.1%, NetEase (09999.HK) opened down 1.3%, and JD.com (09618.HK) opened flat at HKD 113.5. Additionally, BYD Electronics (00285.HK) opened up 2.2%, and chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) opened up 2.2% and 3.2%, respectively. Chip equipment stock ASMPT (00522.HK) opened up 2.9%.

In the automotive sector, Geely (00175.HK) opened up 0.7%, BYD (01211.HK) opened flat at HKD 96.05, while Li Auto (02015.HK) and Nio (09866.HK) opened down 1% and 0.9%, respectively, and XPeng (09868.HK) opened down 1.9%. CATL (03750.HK) opened flat at HKD 512, with the lock-up period for cornerstone investors expiring today.

CICC plans to absorb and merge China Cinda (01359.HK) subsidiary Cinda Securities (601059.SH) and Dongxing Securities (601198.SH) through a share swap. China Cinda (01359.HK) opened up 7.3% at HKD 1.33, while CICC (03908.HK) was suspended from trading, last reported at HKD 18.96. In other financial stocks, HSBC (00005.HK) opened up 0.2%, Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened up 1% and 1.6%, respectively.

ZTO Express (02057.HK) reported a 5% increase in net profit for the third quarter but lowered its full-year volume guidance, with its stock opening up 0.5% at HKD 148.2

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