--- title: "Hong Kong stocks close (11.6) | Hang Seng Index rises 2.12%, aluminum and chip stocks perform strongly, China Hongqiao rises nearly 10% leading blue chips" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/264594109.md" description: "All three major indices of the Hong Kong stock market rose, with the Hang Seng Index up 2.12% to 26,485.90 points and a turnover of HKD 243.653 billion. CHINAHONGQIAO rose nearly 10%, maintaining a \"Buy\" rating, with the target price raised to HKD 36. Southbound funds accelerated inflows, and liquidity in the Hong Kong stock market is expected to improve. Large technology stocks performed strongly, with Alibaba rising over 4%" datetime: "2025-11-06T08:53:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/264594109.md) - [en](https://longbridge.com/en/news/264594109.md) - [zh-HK](https://longbridge.com/zh-HK/news/264594109.md) --- > 支持的语言: [English](https://longbridge.com/en/news/264594109.md) | [繁體中文](https://longbridge.com/zh-HK/news/264594109.md) # Hong Kong stocks close (11.6) | Hang Seng Index rises 2.12%, aluminum and chip stocks perform strongly, China Hongqiao rises nearly 10% leading blue chips According to Zhitong Finance APP, the three major indices of the Hong Kong stock market rose across the board today, with the Hang Seng Index performing the best, expanding its gains by nearly 3% at the close. By the end of trading, the Hang Seng Index rose 2.12% or 550.49 points, closing at 26,485.90 points, with a total turnover of HKD 243.653 billion; the Hang Seng China Enterprises Index rose 2.1%, closing at 9,355.97 points; the Hang Seng Tech Index rose 2.74%, closing at 5,944.22 points. Guotou Securities stated that a significant style shift may occur in the Hong Kong stock market in the fourth quarter, with low-growth sectors such as the Hang Seng Tech Index potentially becoming relatively advantageous directions. Currently, the excess returns of the ChiNext Index relative to the Hang Seng Tech Index have peaked and begun to decline, while the Hang Seng Tech Internet sector is expected to become a direction for catch-up gains. Founder Securities pointed out that external disturbances are unlikely to change the slow bull market. Southbound capital continues to accelerate its inflow into the Hong Kong stock market, coupled with the commencement of the Federal Reserve's interest rate cut cycle, which is expected to further benefit the liquidity environment of the Hong Kong stock market. ## **Blue Chip Performance** China Hongqiao (01378) continued to hit new highs. By the end of trading, it rose 9.9%, closing at HKD 32.42, with a turnover of HKD 1.509 billion, contributing 12.84 points to the Hang Seng Index. Citigroup maintained a "Buy" rating on China Hongqiao and raised its target price from HKD 25.2 to HKD 36, keeping Hongqiao as its preferred stock. The bank believes that despite the strong stock performance year-to-date, as of the close on November 4, Hongqiao's forecast dividend yield for 2026 remains attractive at 6.7%. Citigroup expects Hongqiao to continue benefiting from high aluminum industry gross margins and that the stock will continue to receive valuation reassessment. In other blue chip stocks, SMIC (00981) rose 7.32%, closing at HKD 76.95, contributing 37.03 points to the Hang Seng Index; China Life (02628) rose 4.86%, closing at HKD 25.9, contributing 13.99 points to the Hang Seng Index; Shenzhou International (02313) fell 1.89%, closing at HKD 64.85, dragging down the Hang Seng Index by 1.62 points; Tingyi (Cayman Islands) Holdings Corp (00322) fell 1.35%, closing at HKD 11.7, dragging down the Hang Seng Index by 0.49 points. ## **Popular Sectors** On the market, large tech stocks were all in the green, with Alibaba rising over 4%, and Tencent, Kuaishou, and Meituan all rising over 2%. The constraints on electrolytic aluminum production capacity are continuously strengthening, with China Aluminum rising 11%, and China Hongqiao rising nearly 10% to hit a new high; AI and self-controllable technologies are continuously advancing, leading to a strong rebound in chip stocks; Zijin Mining International was included in the MSCI China Index, with its stock price rising over 8%, leading the gold stocks; the robotics sector saw intensive catalysts, with related concept stocks performing well; insurance stocks and Chinese brokerage stocks rose collectively. On the other hand, some biopharmaceutical stocks and food stocks softened. **1\. Aluminum stocks led the gains.** By the end of trading, China Aluminum (02600) rose 11.19%, closing at HKD 10.93; China Hongqiao (01378) rose 9.9%, closing at HKD 32.42. Recently, market concerns about tightening global electrolytic aluminum supply have significantly intensified. On October 21, Century Aluminum announced a production cut due to a malfunction at its Grundartangi aluminum smelter, affecting a capacity of 200,000 tons. Previously, in August, South32 announced that its Mozal aluminum smelter might suspend production for maintenance due to power supply issues, affecting a capacity of 500,000 tons, potentially in March 2026; Rio Tinto Group stated that its Tomago aluminum smelter in New South Wales, Australia is considering ceasing operations after the expiration of its current electricity supply contract at the end of 2028. Zhongtai Securities pointed out that recent power supply issues at overseas aluminum plants have frequently occurred, highlighting the high demand and strong reliance of electrolytic aluminum production on stable electricity supply. Concerns over supply have become one of the important factors driving aluminum prices up. Citigroup stated that the aluminum industry remains one of its most favored sectors, as it expects aluminum supply to remain tight, benefiting from China's capacity cap policy (annual capacity of 45.2 million tons) and the absence of explosive capacity increases in Indonesia, which will keep aluminum industry gross profits at high levels for the long term. **2\. Chip stocks collectively rebound.** By the close, Hua Hong Semiconductor (01347) rose 9.05% to HKD 80.1; SMIC (00981) rose 7.32% to HKD 76.95; Shanghai Fudan (01385) rose 4.3% to HKD 41.2; ZTE Corporation (00763) rose 3.25% to HKD 32.42. SK Hynix announced on November 5 local time that it has completed price and quantity negotiations with NVIDIA for the supply of the sixth generation high bandwidth memory (HBM4) next year. The supply price of HBM4 will be more than 50% higher than that of the previous generation product, and this HBM4 will be used in NVIDIA's next-generation artificial intelligence chip Rubin, which will be released in the second half of next year. As a leader in the global HBM market, SK Hynix's pricing may trigger a market reevaluation of the value of high-end storage chips. KYG Securities believes that under the backdrop of great power competition, technology security remains the most important main line, with AI and domestic substitution having long-term certainty. The capital market will transition from "asset revaluation" to "profit recovery" by 2026. "Technology first" is the strongest main line throughout this round of market, possessing three medium to long-term advantageous conditions: relative profit advantage, overseas mapping, and global semiconductor cycle resonance upward, but the industry's performance in 2026 will be more balanced than in 2025. **3\. Most robotics concepts rise.** By the close, Sanhua Intelligent Control (02050) rose 7.35% to HKD 38.54; Delta Electronics (00179) rose 6.68% to HKD 36.4; Lens Technology (06613) rose 6.4% to HKD 26.92; XPeng-W (09868) rose 1.94% to HKD 89.4. Recently, the robotics field has seen intensive catalysts, including XPeng's release of a new generation humanoid robot, and UBTECH and Yujian signing large robot orders. Additionally, on the 8th Hongqiao International Economic Forum's sub-forum on "Innovation and Development Cooperation of Humanoid Robots," Deputy Director Yao Jia of the Ministry of Industry and Information Technology stated that humanoid robots are considered the best form of embodied intelligence, which will profoundly change human production and lifestyle, reshaping the global industrial development pattern. Overseas, Tesla's shareholder meeting will be held on November 6, where Musk's new compensation plan will also be voted on. This compensation plan involves the goal of delivering 1 million humanoid robots. It is worth mentioning that on November 5, at XPeng's Technology Day, the new generation humanoid robot IRON developed by XPeng made its debut. Due to its smooth humanoid gait performance, IRON has sparked heated discussions on social media, with some netizens questioning whether the XPeng robot is a real person In response, He Xiaopeng released a continuous, unedited video today to address the doubts about whether there are real people involved. The video shows the mechanical structure clearly visible in the robot's fingers and back, and regarding the controversial ear contours, there are microphone arrays on both sides, allowing it to "hear" like a human, with transport fixators on the shoulders. **In addition, multiple stocks have been included in the MSCI China Index.** As of the close, Zijin Mining International (02259) rose 8.67% to HKD 137.9; Ganfeng Lithium (01772) rose 6.1% to HKD 50.8; and Crystal International Holdings (02228) rose 8% to HKD 11.61. On November 6, the international index compiler MSCI announced the results of the November index review changes. In addition to A-share targets, the MSCI China Index has newly included 9 Hong Kong stocks, including Zijin Mining International, GF Securities, Ganfeng Lithium, China Nonferrous Mining, China Gold International, and Crystal International Holdings, while excluding 4 Hong Kong stocks including Beijing Enterprises Water Group and China Everbright Bank. The results of this adjustment will take effect after the close on November 24, 2025. ## **Popular Active Stocks** **1\. Wangshan Wangshui-B (02630) debuted with a surge, closing up 145.73% at HKD 82.** Wangshan Wangshui's IPO was priced at HKD 33.37 per share, issuing a total of 17.5978 million shares, with a minimum purchase of 200 shares, raising approximately HKD 527 million. The company focuses on three major treatment areas: neuropsychiatry, reproductive health, and viral infections. As of October 21, 2025, the company has established a diversified portfolio of 9 innovative pipelines, with 2 in the commercialization stage, 4 in the clinical stage, and 3 in the preclinical stage. **2\. Weichai Power (02338) surged significantly, closing up 20.52% at HKD 21.5.** On November 5, Ceres Power announced the signing of a solid oxide fuel cell (SOFC) manufacturing licensing agreement with Weichai Power, further solidifying their existing cooperation. Weichai plans to establish a new factory to produce batteries and stacks for data centers, commercial, and industrial power markets, with related revenue expected to be recognized in the 2026 fiscal year. **3\. Lens Technology (06613) rose in the afternoon, closing up 4.99% at HKD 52.2.** According to reports, Lens Technology's chairman Zhou Qunfei stated today at a boutique listed company exchange hosted by GF Securities that Lens Technology has achieved large-scale delivery in the field of embodied intelligent hardware manufacturing. It is expected to ship 3,000 humanoid robots and over 10,000 quadruped robotic dogs by 2025, maintaining its position among the top tier in the industry for overall assembly scale, and has become one of the largest embodied intelligent hardware manufacturing platforms in the world **4\. JingTai Holdings** **(02228)** **was strong throughout the day, closing up 8% at HKD 11.61.** JingTai Technology announced that its wholly-owned subsidiary Ailux has reached a multi-target strategic cooperation and platform licensing agreement with Eli Lilly, with a total agreement value of up to USD 345 million, including tens of millions of dollars in upfront payments and milestone payments in the near term. Eli Lilly will leverage Ailux's proprietary platform to accelerate the discovery and development of bispecific antibodies (dual antibodies) across multiple therapeutic areas, while also utilizing its AI antibody research and development platform to expedite research in its internal pipeline. **5\. YueJiang** **(02432)** **fell against the market trend, closing down 8.05% at HKD 48.** YueJiang announced that it will place 16.66 million new H shares, accounting for 3.79% of the enlarged issued share capital, with a placement price of HKD 46.8 per H share, representing a discount of 10.3% to the closing price on November 5. The fundraising will amount to HKD 779.7 million, with a net amount of HKD 771 million. Approximately 40% of the proceeds will be used to advance research and product innovation in intelligent robotics technology; about 20% will be used for investments, acquisitions, and strategic alliances in the robotics value chain and adjacent fields; about 20% will be used to expand domestic and international sales channels and market promotion; and about 20% will be used to supplement working capital and for general corporate purposes ### 相关股票 - [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md) - [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md) - [CHINAHONGQIAO (01378.HK)](https://longbridge.com/zh-CN/quote/01378.HK.md) ## 相关资讯与研究 - [Assessing China Hongqiao Group’s Valuation After Full Year Results And Proposed Final Dividend](https://longbridge.com/zh-CN/news/281663480.md) - [China Hongqiao proposes final dividend 165 HK cents per share](https://longbridge.com/zh-CN/news/279968296.md) - [RUSAL Lists Yuan-Denominated Bonds on Moscow Exchange](https://longbridge.com/zh-CN/news/281551110.md) - [Emirates Global Aluminium says production recovery could take up to 12 months after attack](https://longbridge.com/zh-CN/news/281647037.md) - [RUSAL Sets 10% Coupon on New Yuan-Denominated Bond Issue](https://longbridge.com/zh-CN/news/281563033.md)