Hong Kong stocks rebounded slightly, but the strength was not as ideal. The rebound near the low of 25,000 points was limited, and it is expected to fluctuate narrowly between 25,000 and 26,000 points in the short term. He also pointed out that with the New Year holiday approaching, travel-related concept stocks driven by travel demand are worth paying attention to, and resource sectors such as gold stocks and copper mining stocks can also be moderately noted.
The Bank of Japan raised interest rates by a quarter of a percentage point as expected, and the Asia-Pacific stock markets generally performed well, with the yen falling below 5. The positive external environment led to a rise of 192 points or 0.75% in Hong Kong stocks for the whole day; the Hang Seng Tech Index reported 5,479 points, up 60 points or 1.1%; the National Index rose 59 points or 0.68%, reporting 8,901 points.
The Hang Seng Index opened up 136 points, breaking through the 10-day moving average, with a total market turnover of HKD 221.186 billion, returning to over HKD 200 billion. Analysts pointed out that the relatively low trading level is an important factor restricting the trend, and with many holidays next week, the market atmosphere for entry is relatively weak.
<h2>ATM rose 0.8% to 1.5%</h2>
Tech stocks rose slightly, with Alibaba (9988) up 0.8%, closing at HKD 145.3; JD (9618) fell slightly by 0.8%, closing at HKD 111.3; Tencent (700) rose 1.49%, closing at HKD 614; Meituan (3690) rose 1.3%, closing at HKD 102.7; Baidu (9888) and Kuaishou (1024) each rose 1% to 1.5%, closing at HKD 118.8 and HKD 66.3, respectively.
Lithium carbonate futures broke through the 110,000 mark, with Ganfeng Lithium (1772) rising 1.9%, closing at HKD 51.65; Tianqi Lithium (9696) rose 1.1%, closing at HKD 49.76. The pharmaceutical sector continued to strengthen, with JD HEALTH (6618) rising 2.13%, closing at HKD 57.5; INNOVENT BIO (1801) rose 2.1%, closing at HKD 83.25; WuXi Biologics (2269) surged 4.4%, closing at HKD 34.16; the related WuXi AppTec (2359) and WuXi Biologics (2268) rose 1.46% and 3%, closing at HKD 103.8 and HKD 70, respectively.
Gold and silver prices fell, and gold stocks collectively weakened. China Silver Group (815) fell nearly 2.8%, closing at HKD 0.69; Shandong Gold (1787) fell 2%, closing at HKD 34.3; Zhaojin Mining (1818) fell 2.2%, closing at HKD 30.44; Zijin Mining International (2259) fell 1.9%, closing at HKD 146.1; Chifeng Jilong Gold Mining (6693) fell 1.1%, closing at HKD 30.42.
<h2>CIMC increases repurchase by over 10%</h2>
In the financial sector, HSBC (005) rose to HKD 119.8 during the day, setting a new historical high after net interest, up 0.5%, closing at HKD 119.3; Standard Chartered (2888) rose 1.7%, closing at HKD 187.2; Yau Lee Securities (1428) is still progressing with its tender offer, rising 8.8%, closing at HKD 8.06; China Pacific Insurance (2328) rose 1%, reporting HKD 16.66
In terms of individual stocks, China International Marine Containers (2039) increased its repurchase of H shares, with the stock price soaring over 10%, closing at HKD 8.88, up 15.4%, with a transaction volume of HKD 154 million; Bubble Tea (9992) fell 0.16% against the trend, closing at HKD 192.9; starting from the 18th, Hainan Free Trade Port officially launched a full island closure, with China Duty Free Group (1880) rising 6.9%, closing at HKD 70.7; Yangtze Optical Fibre and Cable (6869) rose 12%, closing at HKD 51.75; XPeng (9868) rose over 7%, closing at HKD 76.65.
<h2>Wu Lixian: Pay attention to tourism concept stocks</h2>
Wu Lixian, a securities strategist at Everbright Securities International, stated that the Hong Kong stock market has seen a slight rebound, but the strength is not as ideal, with limited rebound strength near the low of 25,000 points, and it is expected to remain in a narrow range between 25,000 and 26,000 points in the short term. He also pointed out that with the New Year holiday approaching, driven by travel demand, tourism-related concept stocks are worth paying attention to, and resource sectors such as gold stocks and copper mining stocks can also be moderately monitored.
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1220: The Hang Seng Index opened 136 points higher this morning, rising as much as 194 points, reaching a high of 25,692 points. It closed at 25,663 points at noon, up 165 points or 0.65%. The transaction amount was HKD 97.521 billion. The Tech Index rose 61 points or 1.14%, reporting 5,480 points.
HSBC (005) rose to HKD 119.8, breaking the record again, and closed at HKD 119.7, up 0.84%.
Biotech stocks fell, with WuXi Biologics (2269) rising 6.47%, while its related companies WuXi AppTec (2359) and WuXi Biologics (2268) rose 2.73% and 4.41%, respectively; Innovent Biologics (1801) rose 2.75%. Yinxin Biologics (9606) and Lepu Biopharma (2157) rose 7.07% and 5.23%, respectively.
Internet stocks generally rose, with Meituan (3690) up 2.26%; Tencent (700) up 1.15%; Alibaba (9988) up 0.76%; NetEase (9999) up 1.51%. However, JD.com (9618) fell 0.63%.
<h2>ZhiHui Mining's debut doubles</h2>
Today, newly listed ZhiHui Mining (2546) closed at HKD 9.52, 111% higher than the offering price of HKD 4.51. Xidi Intelligent Driving (3881) &#34;broke&#34; the issue price, closing at HKD 241, down 8.36% from the offering price of HKD 263.
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The U.S. November CPI unexpectedly slowed down, and market expectations for the Federal Reserve to cut interest rates next year have risen again. The three major U.S. stock indexes all rose, with the Dow Jones up 65 points or 0.14%, reporting 47,951 points; the S&amp;P 500 up 53 points or 0.79%, reporting 6,774 points; the Nasdaq rose 313 points or 1.38%, reporting 23,006 points; the Golden Dragon Index, which reflects the performance of Chinese concept stocks, rose 0.97%, reporting 7,574 points
Micron Technology's performance and guidance exceeded expectations, with its stock price soaring over 10%; Tesla rose over 3%; Amazon and Meta increased by more than 2%; NVIDIA, Alphabet, and Microsoft rose nearly 2%. Trump Media &amp; Technology rose nearly 42%, planning to acquire a fusion startup and intends to start building a fusion power plant next year.
The U.S. November CPI rose 2.7% year-on-year, the slowest growth since early 2021, and lower than the expected increase of 3.1%. The core CPI, excluding food and energy, increased by 2.6% year-on-year, slightly below the expected growth of 3%. White House National Economic Council Director Hassett stated that the latest CPI report is surprisingly good, and the Federal Reserve has significant room for interest rate cuts. U.S. President Trump stated that he is interviewing 3 to 4 candidates for the position of Federal Reserve Chairman and expects to decide on a nominee soon.
The Hang Seng Index opened 136 points higher this morning, at 25,634 points. Tech stocks generally rose, with NetEase (9999) and Kuaishou (1024) rising 1.41% and 1.3%, respectively; Tencent (700) rose 0.82%; Meituan (3690) rose 0.78%; Alibaba (9988) rose 0.62%; Alibaba Health (241) rose 2.64%.
Regarding the northbound capital flow, there was a net purchase of Hong Kong stocks amounting to HKD 1.258 billion yesterday. Xiaomi (1810), Meituan (3690), and Yangtze Optical Fibre and Cable (6869) received net purchases of HKD 904 million, HKD 434 million, and HKD 370 million, respectively; the Tracker Fund of Hong Kong (2800), China Mobile (941), and CNOOC (883) experienced net sales of HKD 1.422 billion, HKD 1.294 billion, and HKD 225 million, respectively

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The Hang Seng Index rose by 192 points, breaking above the 10-day moving average, with trading volume rebounding to HKD 221.186 billion. Hong Kong stocks are expected to fluctuate narrowly between 25,000 and 26,000 points in the short term. Pharmaceutical stocks strengthened, with JD HEALTH and INNOVENT BIO showing significant gains. Technology stocks rose slightly, with Alibaba and Tencent performing well. Resource sectors, such as gold stocks, showed weak performance. The Bank of Japan raised interest rates, leading to a general rise in Asia-Pacific stock markets

- The Hong Kong stock market showed a mild rebound, remaining limited around the 25,000-point support level, with expectations of narrow fluctuations between 25,000 and 26,000 points in the short term.  
- Notable movements included increases in travel-related stocks due to upcoming holidays, while gold and copper resource stocks were also highlighted for investors' attention.  
- Japan's Bank of Japan raised interest rates as expected, contributing to positive Asian market trends, with various sectors experiencing mixed performances on the Hong Kong exchange.

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INNOVENT BIO

JD HEALTH

The Hang Seng Index rose by 192 points, surpassing the 10-day moving average. Pharmaceutical stocks strengthened, and experts expect short-term narrow fluctuations｜Hong Kong stock market closing