The Hang Seng Index opened 136 points higher, with major technology stocks rising slightly

AASTOCKS
2025.12.19 01:23

The Bank of England lowered interest rates by 25 basis points as scheduled on the evening of the 18th, to 3.75%; the European Central Bank kept its three key interest rates unchanged, also in line with expectations. The Bank of Japan is set to announce its interest rate decision today (19th), with an expected increase of 25 basis points to 0.75%.

The U.S. Consumer Price Index (CPI) for November rose 2.7% year-on-year, lower than expected; the core CPI, excluding food and energy prices, saw a year-on-year increase of 2.6%, also below expectations, marking the lowest since early 2021. The cooling inflation in the U.S. has heightened market expectations for the Federal Reserve to cut rates next year, with CME Group's interest rate futures reflecting nearly a 60% chance of a rate cut in March next year, higher than the previous trading day. The three major U.S. stock indices performed well last night, with the Dow Jones and S&P 500 ending a four-day losing streak, rising 0.14% and 0.79%, respectively, while tech stocks drove the Nasdaq up nearly 1.4%.

Hong Kong stocks opened positively this morning, with the Hang Seng Index opening up 136 points or 0.5%, at 25,634 points; the National Index opened up 51 points or 0.6%, at 8,893 points; the Hang Seng Tech Index opened up 43 points or 0.8%, at 5,461 points.

TikTok and Oracle (ORCL.US) have formed a joint venture in the U.S., with ByteDance retaining its e-commerce and advertising businesses in the U.S. Tech stocks opened slightly higher, with Alibaba-W (09988.HK) opening up 0.6% at HKD 145. JD.com-SW (09618.HK) opened up 0.7%. Tencent (00700.HK) and Meituan-W (03690.HK) each opened up 0.8%, NetEase-S (09999.HK) opened up 1.4%, while Baidu-SW (09888.HK) and Kuaishou-W (01024.HK) opened up 0.3% and 1.3%, respectively. Bilibili-W (09626.HK) opened up 1.2%. In the chip sector, SMIC (00981.HK) and Hua Hong (01347.HK) opened up 1.2% and about 1%, respectively.

In the automotive sector, BYD (01211.HK) and Li Auto-W (02015.HK) opened up 0.4% and 0.2%, respectively, while Xiaomi-W (01810.HK) and XPeng-W (09868.HK) opened up 0.6% and 2.5%.

In the financial sector, HSBC (00005.HK) opened up 0.1%, while Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) opened up 0.7% and 0.9%, respectively.

Nike (NKE.US) reported better-than-expected quarterly results, and sales in the North American market offset declines in Greater China. Shenzhou (02313.HK) opened down 0.2% at HKD 62.85, while Li Ning (02331.HK) opened up 0.3% and Anta (02020.HK) opened up 0.5%.

Alibaba Health (00241.HK), Techtronic Industries (00669.HK), and Nongfu Spring (09633.HK) each opened up 2.2% to 2.6%. Zijin Mining (02899.HK) opened down 1%

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