--- title: "The Hang Seng Index opened 81 points higher, VGT's first listing is 57% higher than the IPO price, Baidu and BYD are rising" type: "News" locale: "en" url: "https://longbridge.com/en/news/283422640.md" description: "The Hong Kong stock market opened well, with the Hang Seng Index rising 81 points to 26,442 points, and the National Index and Hang Seng Tech Index also opening up 37 points and 26 points respectively. VGT's stock price increased by 57.2% on its first day of listing compared to the offering price. Several technology stocks, such as Baidu and BYD Company Limited, also saw increases. China Mobile's net profit in the first quarter fell by 4.2%, and its stock price slightly rose. SF Holding is considering issuing convertible bonds, and its stock price fell slightly" datetime: "2026-04-21T01:29:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283422640.md) - [en](https://longbridge.com/en/news/283422640.md) - [zh-HK](https://longbridge.com/zh-HK/news/283422640.md) --- # The Hang Seng Index opened 81 points higher, VGT's first listing is 57% higher than the IPO price, Baidu and BYD are rising The market is watching the ceasefire deadline between the U.S. and Iran, with the Dow Jones closing down 4 points. In the Hong Kong stock market, the Hang Seng Index opened up 81 points or 0.3%, at 26,442 points; the National Index opened up 37 points or 0.4%, at 8,936 points; the Hang Seng Tech Index opened up 26 points or 0.5%, at 5,092 points. AI and high-performance PCB manufacturer and NVIDIA (NVDA.US) supplier Shenghong (02476.HK) debuted on its first day, opening at HKD 330, up 57.2% from the listing price of HKD 209.88. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened up 0.8% and 0.6%, respectively, while Changguang Chuangxin (03277.HK) opened up 3.4%. AI stocks Zhizhu (02513.HK) and MiniMax (00100.HK) opened up 0.2% and 0.1%, respectively, while Manycore Tech (00068.HK) opened down 1.2%. In other tech stocks, Tencent (00700.HK) opened up 0.1% at HKD 523, Alibaba (09988.HK), Meituan (03690.HK), and JD.com (09618.HK) opened up 0.7% to 0.9%, Baidu (09888.HK) opened up 1.6%, Kuaishou (01024.HK) opened flat at HKD 46.98, and NetEase (09999.HK) opened up 0.3%, at HKD 184.3. In the automotive sector, BYD (01211.HK) opened up 1% at HKD 111.1, while Xiaomi (01810.HK) opened flat at HKD 32.32. In other stocks, HSBC (00005.HK) opened flat at HKD 142.2, Hong Kong Exchanges and Clearing (00388.HK) opened up 0.8%, and AIA (01299.HK) opened down 0.7%. China Mobile (00941.HK) reported a first-quarter net profit of RMB 29.3 billion, down 4.2%, with the stock opening up 0.2% at HKD 82. It was reported that SF Holding (06936.HK) is considering issuing convertible bonds to raise up to USD 1 billion, with the stock opening down 0.1%. Weisheng Holdings (03393.HK) had a discount of over 6% on its rights issue, netting HKD 1.474 billion, with the stock opening down 3.3%. Zhongjiu Mobile (00302.HK) had a discount of over 6% on its rights issue, netting HKD 29.5 million, with the stock opening up 13.5% ### Related Stocks - [300476.CN](https://longbridge.com/en/quote/300476.CN.md) - [02476.HK](https://longbridge.com/en/quote/02476.HK.md) - [BYDDF.US](https://longbridge.com/en/quote/BYDDF.US.md) - [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md) - [01211.HK](https://longbridge.com/en/quote/01211.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [BYDDY.US](https://longbridge.com/en/quote/BYDDY.US.md) - [002594.CN](https://longbridge.com/en/quote/002594.CN.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [HSCEI.HK](https://longbridge.com/en/quote/HSCEI.HK.md) - [STECH.HK](https://longbridge.com/en/quote/STECH.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [00981.HK](https://longbridge.com/en/quote/00981.HK.md) - [688981.CN](https://longbridge.com/en/quote/688981.CN.md) - [01347.HK](https://longbridge.com/en/quote/01347.HK.md) - [688347.CN](https://longbridge.com/en/quote/688347.CN.md) - [03277.HK](https://longbridge.com/en/quote/03277.HK.md) - [02513.HK](https://longbridge.com/en/quote/02513.HK.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [00068.HK](https://longbridge.com/en/quote/00068.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [09999.HK](https://longbridge.com/en/quote/09999.HK.md) - [NTES.US](https://longbridge.com/en/quote/NTES.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [00005.HK](https://longbridge.com/en/quote/00005.HK.md) - [HSBC.US](https://longbridge.com/en/quote/HSBC.US.md) - [00388.HK](https://longbridge.com/en/quote/00388.HK.md) - [01299.HK](https://longbridge.com/en/quote/01299.HK.md) - [00941.HK](https://longbridge.com/en/quote/00941.HK.md) - [600941.CN](https://longbridge.com/en/quote/600941.CN.md) - [06936.HK](https://longbridge.com/en/quote/06936.HK.md) - [002352.CN](https://longbridge.com/en/quote/002352.CN.md) - [03393.HK](https://longbridge.com/en/quote/03393.HK.md) - [00302.HK](https://longbridge.com/en/quote/00302.HK.md) - [89888.HK](https://longbridge.com/en/quote/89888.HK.md) - [HYDD.SG](https://longbridge.com/en/quote/HYDD.SG.md) - [81211.HK](https://longbridge.com/en/quote/81211.HK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [HSMD.SG](https://longbridge.com/en/quote/HSMD.SG.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) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.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) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) - [81024.HK](https://longbridge.com/en/quote/81024.HK.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) - [DTIW.SG](https://longbridge.com/en/quote/DTIW.SG.md) - [HSBA.UK](https://longbridge.com/en/quote/HSBA.UK.md) - [80388.HK](https://longbridge.com/en/quote/80388.HK.md) - [HKXCY.US](https://longbridge.com/en/quote/HKXCY.US.md) - [81299.HK](https://longbridge.com/en/quote/81299.HK.md) - [AAGIY.US](https://longbridge.com/en/quote/AAGIY.US.md) - [HCMD.SG](https://longbridge.com/en/quote/HCMD.SG.md) - [80941.HK](https://longbridge.com/en/quote/80941.HK.md) ## Related News & Research - [Korean AI chip startup DeepX prepares public share offering](https://longbridge.com/en/news/282627398.md) - [China’s BYD increases investment in Vietnam’s northern province to $480M](https://longbridge.com/en/news/283321498.md) - [BYD to debut third-gen Yuan Plus at Beijing Auto Show](https://longbridge.com/en/news/283285150.md) - [BYD launches Yuan Pro DM-i hybrid SUV in Mexico](https://longbridge.com/en/news/282777409.md) - [Canada trade minister meets BYD, Xpeng during China visit to pitch EV investments](https://longbridge.com/en/news/283137027.md)