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HK Market Close: Hang Seng Drops 1.26% as Tech Stocks Slide Across the Board; Semiconductors Mixed
Market Pulse·- On November 12, Hong Kong stocks declined collectively, with the Hang Seng Index closing down 1.26 % at 24008.55 points and a total turnover of approximately 2027 billion HKD. - Major technology stocks fell across the board, led by Alibaba dropping nearly 7 %, while the semiconductor sector showed divergence with some domestic substitution targets gaining attention. - Resource stocks generally weakened under the pressure of stronger US dollar and US CPI data, whereas specific domestic demand stocks and low-priced shares saw counter-trend increases.HK Midday: Hang Seng Drops Nearly 200 Pts; Alibaba Tumbles Over 5%; Semiconductors Buck Trend
Market Pulse·- Hong Kong stocks declined during the midday session, with the Hang Seng Index dropping nearly 200 points as tech internet stocks experienced broad losses and Alibaba fell over 5% for a five-day streak. - NVIDIA's CEO faced potential removal risks due to a scandal, while CoreWeave reported strong third-quarter revenue and guidance exceeding expectations. - The semiconductor sector bucked the market trend to strengthen, whereas domestic bank stocks weakened broadly following shifts in Federal Reserve policy expectations.HK Midday: Hang Seng Drops 0.92%, Briefly Breaks 24,000; Alibaba Slumps Nearly 5%; Gold Miners Slide
Market Pulse·- Hong Kong stocks closed lower at midday on November 12, with the Hang Seng Index falling 0.92% to 24092.89 points and briefly losing the 24000 mark. - Major sectors declined widely, featuring Alibaba dropping nearly 5% amidst tech sector pressure and gold mining stocks moving lower due to weaker gold prices. - Semiconductor stocks bucked the trend to remain steady, while market turnover reached approximately 1056 billion HKD by the half-day close.HK Midday: Hang Seng Drops Over 270 Points; Semiconductor Chip Stocks Surge Against the Tide
Market Pulse·- Hong Kong stocks declined during the morning session, with the Hang Seng Index falling 274 points to 24042 points amid a total turnover of 577 billion HKD. - Semiconductor and AI computing stocks defied the market trend to surge significantly, driven by a wave of foundry price hikes and optimistic corporate earnings. - Major tech stocks and domestic bank stocks generally moved lower, while MSCI China index announced its latest constituent adjustments taking effect on November 30.HK Stocks Close: HSI Drops Nearly 1%; Semiconductors Buck Trend, XINHEHUA Soars Over 70% on Debut
Market Pulse·- Hong Kong stocks closed lower on November 11, driven down by stronger-than-expected US October CPI data and rising expectations of Federal Reserve rate hikes. - The Hang Seng Index fell about 0.9% to close near 24096 points, with large technology stocks, new energy vehicles, and biomedical shares generally declining. - Despite the broader market downturn, the semiconductor sector bucked the trend to strengthen, and new stock Xinhehua surged over 70% on its debut.S’pore opens national currency vault to foreign central banks to store gold reserves
Straitstimes·- The Monetary Authority of Singapore launched a gold custody service on November 10 allowing foreign central banks and sovereign entities to store gold reserves in its national currency vault. - The vault can initially hold up to 500 tons of precious metals and aims to meet rising global demand for asset resilience and diversification amidst uncertainty. - Singapore plans to start live trading and market operations for an over-the-counter gold clearing system in the first quarter of 2027, alongside an enhanced goods and services tax framework.HK Close: HSI slips 32 pts; Meituan slides over 6%; mainland banks buck trend
Market Pulse·- On November 9, 2026, Hong Kong stocks fluctuated in a narrow range all day, with the Hang Seng Index closing down 0.13% at 24,448.95 points and a total turnover of approximately 1,737 billion HKD. - Market performance showed divergence, as major tech stocks like Meituan dropped over 6%, while domestic bank stocks and high-dividend utility stocks defied the trend to strengthen, with several hitting historical highs. - The broader market was also weighed down by pressures in the new energy vehicle and battery sectors, while semiconductor and biopharmaceutical stocks exhibited mixed movements.HK Midday: Hang Seng Pares Gains After Higher Open; Chip Stocks Stay Strong, Resources Rally
Market Pulse·- On November 9, Hong Kong stocks opened higher but saw gains narrow, with the Hang Seng Index up 0.4 % at 24587 points. - Chip and resource stocks strengthened collectively, driven by strong US non-farm payroll data, a surging Philadelphia Semiconductor Index, and China's 10 October PPI rising 5.7 % year-on-year to a nearly 4.5-year high. - Major tech and bank stocks showed mixed performances, while specific active stocks like UBTECH and FIH posted significant gains due to positive corporate developments.