"Hong Kong Stocks" The Hang Seng Index futures settlement day closed up 17 points, POP MART rose, ALI HEALTH fell over 5%

The three major U.S. stock indices rose for four consecutive days before the Thanksgiving holiday, while the Hong Kong stock index futures rose and fell on settlement day. The Hang Seng Index opened up 17 points, initially dropped 105 points to a low of 25,822 points before rebounding, and later rose 195 points to a high of 26,123 points in the afternoon, closing up 17 points or less than 0.1% at 25,945 points; the National Index rose 2 points or 0.03%, closing at 9,164 points; the Hang Seng Tech Index fell 20 points or 0.4%, reporting 5,598 points. The total turnover of the market for the day was HKD 204.728 billion.

Alibaba Health (00241.HK) reported a 39% increase in net profit after mid-term adjustments, but the stock fell 5.6%, making it the largest blue-chip decline of the day. Former Tesla agile team member Lu Zeyu joined Xiaomi (01810.HK), and Xiaomi rose 2.5% to HKD 41.1. In other tech stocks, Alibaba (09988.HK) fell 2.7%. Tencent (00700.HK) and Baidu (09888.HK) fell 1.3% and 1.6%, respectively, while Bilibili (09626.HK), Kuaishou (01024.HK), and NetEase (09999.HK) fell 0.2% to 0.4%. JD.com (09618.HK) rose 1.2%. Meituan (03690.HK) rose 0.2%, and the stock will announce its quarterly results after the market closes tomorrow (28th).

In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) fell 0.7% and 0.3%, respectively. Mobile-related stocks, Goertek (01415.HK) and QiuTai (01478.HK), rose 4.1% and 2%.

Li Auto (02015.HK) turned from profit to loss in the third quarter, recording a non-GAAP net loss of 360 million RMB, and its stock price rose 1.2%. In other automotive stocks, BYD (01211.HK) fell 1.4%, Chery (09973.HK) and Leapmotor (09863.HK) rose 4.9% and 4.7%, respectively, while Seres (09927.HK) rose 9.8%. Battery stock CATL (03750.HK) rose 0.6%. Autonomous driving stock Pony.ai (02026.HK) rose 6.2%, while automotive radar system provider Hesai (02525.HK) fell 5.8%. Automotive dealer Zhongsheng (00881.HK) rose 2.5%.

Some consumer stocks performed well, with POP MART (09992.HK) rising 6.8%, making it the largest blue-chip gain. Bruker (00325.HK) rose 7.5%, while Mao Ge Ping (01318.HK) and Lao Pu Gold (06181.HK) rose 3.6% and 4.4%, respectively. Gaming stocks Sands China (01928.HK) and MGM China (02282.HK) rose 3.4% and 2.6%. Sportswear stock Li Ning (02331.HK) fell 2.7%. Beverage stock Vitasoy (00345.HK) saw its target price downgraded by brokers after its results, and its stock price fell 3.1% Pharmaceutical stocks Rongchang (09995.HK) and Kangfang (09926.HK) rose by 5.5% and 4.1%, while WuXi AppTec (02359.HK) and WuXi Biologics (02269.HK) fell by 3.2% and 2%.

In the financial sector, HSBC (00005.HK), Standard Chartered (02888.HK), and AIA (01299.HK) rose by 1.3% to 1.7%, while Hong Kong Exchanges and Clearing (00388.HK) fell by 0.3%. Domestic insurance stock China Life (02628.HK) rose by 2.2%. Domestic property stock Vanke (02202.HK) fell by 7.7%. Several of Vanke's domestic bonds previously hit the daily limit down in the mainland. Longfor (00960.HK) fell by 3.7%. Domestic media reported that Longfor's USD bonds maturing in January 2028 experienced the largest decline since April 7. Yuexiu Property (00123.HK), Sunac (01918.HK), China Overseas (00688.HK), and Jinmao (00817.HK) fell by 2.2% to 2.7%