"Hong Kong Stocks" The Hang Seng Index opened 36 points lower, with blue-chip stocks rising, Zijin increased by 5%

AASTOCKS
2025.10.17 01:33

Multiple banks in the U.S. have disclosed issues with non-performing loans, causing the Dow Jones to drop 301 points or 0.7% overnight (16th). The Hong Kong stock market opened lower in the morning, with the Hang Seng Index down 36 points or 0.1%, reporting at 25,851 points; the National Index opened slightly higher by less than 1 point, reporting at 9,259 points; the Hang Seng Tech Index opened down 4 points or 0.1%, reporting at 5,999 points.

In the tech sector, Alibaba (09988.HK) stated that its AI investment in e-commerce has achieved break-even, with the stock opening down 0.1% at HKD 161. Tencent (00700.HK), Meituan (03690.HK), Xiaomi (01810.HK), and JD.com (09618.HK) opened down 0.2% to 0.5%. Baidu (09888.HK) opened flat at HKD 117.8, while NetEase (09999.HK) and Bilibili (09626.HK) opened up 0.1% and 0.8%, respectively. Kuaishou (01024.HK) opened flat at HKD 76. New Oriental (09901.HK) opened down 5%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened down 0.3%.

In the automotive sector, XPeng (09868.HK) plans to truly mass-produce flying cars next year, with its stock opening up 0.5%. Geely (00175.HK) and Li Auto (02015.HK) opened down 0.3% and 0.6%, respectively, while BYD (01211.HK) opened flat at HKD 107.6. Nio (09866.HK) rebounded, opening up 5.6%.

In other financial stocks, HSBC Holdings (00005.HK) opened down 0.8%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened down 0.4% and 0.9%, respectively. China Pacific Insurance (02328.HK) is expected to see a year-on-year net profit increase of 40% to 60% in the first three quarters, with its stock opening up 0.9% at HKD 18.95.

Gold prices have surpassed USD 4,300, reaching a new high, with Zijin Mining (02899.HK) and Shandong Gold (01787.HK) opening up 5.4% and 5%, respectively. Zhaojin Mining (01818.HK) opened up 3.3%. GCL-Poly Energy (03800.HK) has turned a profit in its photovoltaic materials business, earning RMB 960 million last quarter, with its stock opening up 4.3% at HKD 1.44. China Tower (00788.HK) reported a 6.8% increase in net profit for the first three quarters, with its stock opening flat at HKD 11.66. Pharmaceutical stocks Hansoh (03692.HK) and CSPC (01093.HK) opened up 3.9% and 2.1%, respectively

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.