--- title: "The Hang Seng Index rose 215 points in the half-day session, with Tencent up nearly 3% leading the gains. Manycore surged 47%, and Nuobikan saw an increase of over 20% from northbound capital｜Hong Kong stock market midday" type: "News" locale: "en" url: "https://longbridge.com/en/news/283293003.md" description: "The Hang Seng Index opened 44 points higher this morning, reaching a maximum increase of 251 points, currently reported at 26,376 points, up 215 points or 0.82%. Tencent rose by 2.6%, while China Construction Bank and AIA each increased by about 2%. Solar stocks performed strongly, with XINYI SOLAR rising over 7%. MANYCORE TECH surged 47% in half a day. NUOBIKAN rose over 22%. The situation regarding the US-Iran conflict continues, with Trump warning that if no agreement is reached, he will destroy Iran's power plants and other facilities" datetime: "2026-04-20T04:20:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283293003.md) - [en](https://longbridge.com/en/news/283293003.md) - [zh-HK](https://longbridge.com/zh-HK/news/283293003.md) --- # The Hang Seng Index rose 215 points in the half-day session, with Tencent up nearly 3% leading the gains. Manycore surged 47%, and Nuobikan saw an increase of over 20% from northbound capital｜Hong Kong stock market midday The Hang Seng Index opened 44 points higher this morning and fluctuated upwards, reaching a maximum increase of 251 points, peaking at 26,411 points. As of noon, it reported 26,376 points, up 215 points or 0.82%, with a half-day turnover of HKD 135.3 billion. The Tech Index reported 5,081 points at noon, up 39 points or 0.78%. Among the heavyweight blue-chip stocks, Tencent (700) rose 2.6% at noon, along with China Construction Bank (939) and AIA (1299), both rising about 2%, contributing the most to the Hang Seng Index. In contrast, PetroChina (857) fell 2.7%, and Meituan (3690) also dropped over 1%, dragging down the performance of the Hang Seng Index. ## Photovoltaic stocks surge, Xinyi Solar rises over 7% In terms of stock price performance, Xinyi Solar (968) rose over 7% at noon, making it the best-performing blue-chip; Nongfu Spring (9633) and Sunny Optical (2382) also rose over 6% and 4%, respectively. On the news front, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Administration for Market Regulation, and the National Energy Administration held a joint symposium on the photovoltaic industry last Friday (17th), emphasizing the importance and urgency of addressing "involution" competition and solidly advancing the "anti-involution" work in the photovoltaic industry. In addition to Xinyi Solar, Canadian Solar (712) rose over 13%, while Flat Glass Group (6865) and Xinte Energy (1799) rose 8.4% and 8%, respectively. GCL-Poly Energy (3800) also rose over 6%. On the other hand, newly listed stocks continued to see speculation, with Manycore Tech (068) surging 47% at noon; Changguang Chuangxin (3277) rose over 5%; and Jizhi Jiao (6636) rose nearly 9%; however, Sige New Energy (6656) fell about 0.5%. Additionally, today's "Star Market Strategy" commented that after officially entering the market today (20th), it is expected to replicate the strong performance of Nuobikan (2635), which also rose over 22% at noon, reporting HKD 78.6. * * * The situation of the US-Iran conflict continues to fluctuate. Although US President Trump has repeatedly stated that the US has proposed a "fair and reasonable" agreement and announced that a delegation would arrive in Islamabad on Monday (20th) to initiate the second round of negotiations, warning that if no agreement is reached by Wednesday (22nd), Iran's power plants, bridges, and port blockades will be destroyed; however, according to Iranian media reports, Iranian authorities stated that the news of the "second round of negotiations" is not true. Furthermore, the Strait of Hormuz has been closed again, with analysts indicating that this news will dampen market optimism. If international oil prices rise more than 5%, Asian stock markets may weaken, and even if the Hang Seng Index opens high, the gains may narrow or even reverse, making it difficult to return to the pre-war level of 26,600 points in the short term. ## Oil prices rise over 5%, Japanese and Korean stock markets remain stable As the situation in the Middle East heats up again, international oil prices have risen again, with Brent crude oil futures up over 5.5% to USD 95.4; WTI crude oil futures rose over 6% to USD 89.17. Spot gold prices fell, down 0.84% to USD 4,791. However, stock markets in the Asia-Pacific region generally maintained an upward trend, with Japanese stocks up 0.72% to 58,899 points, and Korean stocks rising 1.17% to 6,264 points ## Tech stocks develop individually, Alibaba and Tencent slightly decline In the Hong Kong stock market, the Hang Seng Index opened 44 points higher this morning, reporting at 26,204 points. Tech stocks developed individually, with Alibaba (9988) opening down 0.5%; Tencent (700) down 0.2%; Meituan (3690) down 0.75%; Xiaomi (1810) up 0.06%; JD.com (9618) up 0.57%; and Baidu (9888) also up 0.66%. On the news front, the State Administration for Market Regulation of China issued a total fine of 3.597 billion yuan to seven major e-commerce platforms, including Meituan, JD.com, and Taobao, last week for involvement in ghost deliveries. Independent stock commentator Lu Bingjun stated that these platforms may increase compliance costs, and if regulation continues, it may exert selling pressure on the stock prices of related companies. The vice chairman of the Hong Kong Stock Analysts Association, Zeng Yongjian, also mentioned that the fine incident will create short-term pressure on the stock prices of related companies. ## Dongfang Securities plans to acquire Shanghai Securities In individual stock news, Dongfang Securities is planning to acquire 100% equity of Shanghai Securities through the issuance of A shares and cash payment. Dongfang Securities A shares are suspended today; the H shares (3958) opened at 6.88 yuan, rising over 13%. ## Contemporary Amperex Technology Co., Limited shareholders inquire about selling 58 million shares Contemporary Amperex Technology Co., Limited (3750) announced that its shareholder Ningbo United Innovation New Energy Investment Management Partnership intends to inquire about selling 58 million shares, accounting for 1.27% equity, with the buyer prohibited from selling the shares within six months after purchase; the stock opened at 700 yuan, up 1.1%. ## Lens Technology actual controller increases holdings in A shares Additionally, Lens Technology (6613) actual controllers Zhou Qunfei and Zheng Junlong, through Qunxin Investment, intend to increase their holdings in the company's A shares through centralized bidding, with an amount not less than 100 million yuan; the stock opened at 18.8 yuan, down 6.8%. Regarding the market trend, Lu Bingjun believes that the closure or restriction of the strait will affect the performance of Hong Kong stocks today, estimating that the Hang Seng Index may test the pre-war level of about 26,630 points, while also being constrained by that level. Lu added that the market has begun to digest the uncertainties of the Middle East conflict and refocus on the real economy, and with no favorable factors currently, it is estimated that the Hang Seng Index has a lower chance of breaking through 27,000 points for the remainder of this month. Zeng Yongjian stated that the optimistic sentiment in the market last Friday was significantly suppressed by the news of Iran's renewed blockade of the strait and the attack on two ships on Saturday. Even if Hong Kong stocks open higher today following last week's strong external performance, if international oil prices rise more than 5% during the Asian session, along with other Asian stock markets weakening, the Hang Seng Index may find it difficult to return to the pre-war level of about 26,600 points in the short term, maintaining a fluctuating market pattern. Looking ahead to this week, the situation in the Middle East remains one of the factors influencing the financial market trend, with the market particularly focused on whether the U.S. and Iran can extend the ceasefire agreement expiring this week; at the same time, the U.S. will hold a confirmation hearing for Kevin Warsh's nomination as Federal Reserve Chairman next week, which is expected to convey the new chairman's latest views on monetary policy ### Related Stocks - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [00968.HK](https://longbridge.com/en/quote/00968.HK.md) - [00068.HK](https://longbridge.com/en/quote/00068.HK.md) - [02635.HK](https://longbridge.com/en/quote/02635.HK.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [00939.HK](https://longbridge.com/en/quote/00939.HK.md) - [601939.CN](https://longbridge.com/en/quote/601939.CN.md) - [01299.HK](https://longbridge.com/en/quote/01299.HK.md) - [00857.HK](https://longbridge.com/en/quote/00857.HK.md) - [601857.CN](https://longbridge.com/en/quote/601857.CN.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [09633.HK](https://longbridge.com/en/quote/09633.HK.md) - [02382.HK](https://longbridge.com/en/quote/02382.HK.md) - [00712.HK](https://longbridge.com/en/quote/00712.HK.md) - [06865.HK](https://longbridge.com/en/quote/06865.HK.md) - [601865.CN](https://longbridge.com/en/quote/601865.CN.md) - [01799.HK](https://longbridge.com/en/quote/01799.HK.md) - [03800.HK](https://longbridge.com/en/quote/03800.HK.md) - [03277.HK](https://longbridge.com/en/quote/03277.HK.md) - [06636.HK](https://longbridge.com/en/quote/06636.HK.md) - [06656.HK](https://longbridge.com/en/quote/06656.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [03958.HK](https://longbridge.com/en/quote/03958.HK.md) - [600958.CN](https://longbridge.com/en/quote/600958.CN.md) - [300750.CN](https://longbridge.com/en/quote/300750.CN.md) - [300433.CN](https://longbridge.com/en/quote/300433.CN.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [81299.HK](https://longbridge.com/en/quote/81299.HK.md) - [AAGIY.US](https://longbridge.com/en/quote/AAGIY.US.md) - [HPCD.SG](https://longbridge.com/en/quote/HPCD.SG.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [02931.HK](https://longbridge.com/en/quote/02931.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [HCCD.SG](https://longbridge.com/en/quote/HCCD.SG.md) - [03750.HK](https://longbridge.com/en/quote/03750.HK.md) - [06613.HK](https://longbridge.com/en/quote/06613.HK.md) ## Related News & Research - [Nuobikan distances itself from supplier’s revenue misstatement case](https://longbridge.com/en/news/285964575.md) - [Nuobikan Back To Earth After Spectacular Debut](https://longbridge.com/en/news/284410225.md) - [Axios says Trump is waiting for a response from Iran](https://longbridge.com/en/news/286682237.md) - [Iran seizes Chinese vessel amid $2m Hormuz toll dispute](https://longbridge.com/en/news/286646855.md) - [Al Arabiya: Iran agrees to long-term nuclear freeze in lieu of a complete dismantling.](https://longbridge.com/en/news/286773600.md)