In the Hong Kong stock market, the Hang Seng Index rose 165 points in the first half of the day, HSBC repeatedly hit new highs, and WuXi Biologics increased by over 6%

The Bank of Japan raised interest rates by 25 basis points to 0.75% as scheduled this morning (19th), reaching a nearly thirty-year high. The U.S. core CPI for November hit its lowest level since early 2021, increasing market expectations for the Federal Reserve to cut rates next year. CME Group's interest rate futures reflect a nearly 60% chance of a rate cut in March next year, higher than the previous trading day. Hong Kong stocks performed well this morning, with the Hang Seng Index opening up 136 points, rising 194 points during the early session to a high of 25,692 points, and closing up 165 points or 0.65% at 25,663. The National Index rose 44 points or 0.5% to 8,885 points. The Hang Seng Tech Index rose 61 points or 1.1% to 5,480 points. The total market turnover for the half-day was HKD 97.521 billion.

TikTok and Oracle (ORCL.US) formed a joint venture in the U.S., with ByteDance retaining its e-commerce and advertising business in the U.S. Technology stocks opened slightly higher, with Alibaba-W (09988.HK) rising 0.8% in the half-day. JD.com-SW (09618.HK) fell slightly by 0.5%. Tencent (00700.HK), Meituan-W (03690.HK), and NetEase-S (09999.HK) rose between 1.2% and 2.3%, while Baidu-SW (09888.HK) and Kuaishou-W (01024.HK) each rose by 1% to 1.1%. Bilibili-W (09626.HK) rose 0.8% in the half-day. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) rose 1.6% and 2%, respectively.

In the automotive sector, BYD (01211.HK) remained flat in the half-day, Li Auto-W (02015.HK) rose 2.5%, Xiaomi-W (01810.HK) slightly rose by 0.2%, and XPeng-W (09868.HK) rose 5.7%. Stocks related to automotive radar and chips performed well, with Horizon-W (09660.HK) rising 7.2%, Hesai-W (02525.HK), and SUTENG (02498.HK) rising between 3.2% and 3.9%.

In the financial sector, HSBC Holdings (00005.HK) reached a new historical high after net interest, rising to HKD 119.8 during the session, and closing up 0.8% at HKD 119.7. Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) each rose about 0.9% in the half-day.

Nike (NKE.US) reported better-than-expected quarterly results but expects sales to decline this quarter, plummeting 10% in after-hours trading. Shenzhou (02313.HK) fell 3.9%, the largest decline among blue-chip stocks. Li Ning (02331.HK) fell 1%, and Anta (02020.HK) fell 0.5%.

WuXi Biologics (02269.HK) rose 6.5% in the half-day, the largest increase among blue-chip stocks; its affiliate WuXi AppTec (02359.HK) rose 2.7%. Nongfu Spring (09633.HK) and Hang Lung Properties (00101.HK) each rose over 3% in the half-day. Additionally, Changfei Optical Fiber (06869.HK) rose 11.1%