The Hang Seng Index opened up 155 points, Alibaba rose over 3%, Nio fell over 6%, and 3SBIO's share placement declined｜Hong Kong stock market opens
The Hang Seng Index opened 155 points higher this morning, Alibaba rose over 3%, and Nio fell over 6%. The three major U.S. stock indices all fell on Monday, while the Golden Dragon Index rose 0.87%. Bitcoin rebounded to $86,604, and gold prices fell to $4,216. NVIDIA's investment in Synopsys stimulated a rise in stock prices. Several car companies announced their delivery data for November, with Nio's stock price dropping over 6%. 3SBIO's share placement was discounted by 6.5%
Before the speech by Federal Reserve Chairman Jerome Powell at 9 AM Hong Kong time today, the three major U.S. stock indices all fell on Monday, with the Dow Jones down 427 points or 0.9%, closing at 47,289 points; the S&P 500 down 36 points or 0.53%, closing at 6,812 points; and the Nasdaq down 89 points or 0.38%, closing at 23,275 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it rose 0.87% to 7,860 points on Monday.
Bitcoin rebounds after hitting a low of $83,822
With expectations of a rate hike in Japan in December heating up, the USD/JPY exchange rate reached a level of 154.67, with the yen's gains narrowing, currently reported at 155.67; the U.S. dollar index also saw a slight rebound this morning, rising 0.03% to 99.44. Bitcoin plummeted on Monday, hitting a low of $83,822, but has since rebounded to $86,604 this morning. In contrast, gold prices fell this morning, currently down 0.36% to $4,216.
Among the focus stocks, Nvidia (NVDA) invested $2 billion in chip design tool manufacturer Synopsys (SNPS), becoming the seventh-largest shareholder, which boosted Synopsys' stock by 4.9% to $438.29; Nvidia also rose 1.7% to $179.92.
Several automakers announce November delivery data
In the Hong Kong stock market, the Hang Seng Index opened 155 points higher this morning, at 26,188 points. Tech stocks generally performed well, with Alibaba (9988) opening up 3.3%; Tencent (700) up 1%; Meituan (3690) down 0.05%; and JD.com (9618) unchanged. Xiaomi (1810), which announced over 40,000 vehicle deliveries in November, opened up 0.6%.
In addition to Xiaomi, several automakers announced their November delivery data, with BYD (1211) achieving sales of 480,200 vehicles in November, down 5.3% year-on-year but up nearly 9% month-on-month, with its stock opening up 1.1%; Nio (9866) delivered 36,275 vehicles in November, up 76% year-on-year, but its stock fell over 6%; XPeng (9868) delivered 36,728 vehicles in November, up 19% year-on-year, with its stock down 1.6%; and Li Auto (2015) delivered 33,181 vehicles in November, down 32% year-on-year, with its stock also down 0.6%.
3SBIO offers shares at a 6.5% discount
In individual stock news, 3SBIO (1530) plans to place 105 million shares to raise HKD 3.115 billion, equivalent to 4.14% of the expanded issued share capital, with a placement price of HKD 29.62 per share, a 6.5% discount to the previous closing price of HKD 31.68. The stock opened at HKD 30.7, down 3%.
Regarding the northbound capital flow, there was a net purchase of HKD 2.148 billion in Hong Kong stocks yesterday, with Alibaba (9988), ZTE Corporation (763), and Meituan (3690) receiving net purchases of HKD 1.321 billion, HKD 606 million, and HKD 595 million, respectively; while SMIC (981), CNOOC (883), and China Pacific Insurance (2328) saw net sales of HKD 303 million, HKD 272 million, and HKD 129 million, respectively
