"Hong Kong Stocks" Hang Seng Index rises 47 points in half a day, CSPC PHARMA up over 6%, mainland property stocks weak

The Hang Seng Index opened 74 points higher this morning (23rd) and the gain once expanded to 125 points, reaching a high of 25,927 points. It then fluctuated, closing at 25,848 points, up 47 points or 0.18%; the National Index rose 9 points or 0.11%, reporting at 8,949 points; the Hang Seng Tech Index fell 22 points or 0.42%, reporting at 5,503 points. The market's half-day turnover was HKD 87.289 billion.

Technology stocks were mixed, with Kuaishou-W (01024.HK) down 3.6% at midday, making it the worst-performing blue-chip stock, as its live streaming function was attacked online and is currently being repaired and reported to the police. Xiaomi-W (01810.HK) fell 1.7%, as the company is set to release the Xiaomi 17 Ultra on Christmas, with Group President Lu Weibing stating that prices will definitely increase. Tencent (00700.HK) and Trip.com (09961.HK) fell 1.5% and 1.4%, respectively.

As for Alibaba-W (09988.HK), it rose 0.7%, while Meituan-W (03690.HK), Baidu-SW (09888.HK), and JD-SW (09618.HK) each rose between 0.3% and nearly 1%. Chip stock SMIC (00981.HK) rose 0.5%.

Vanke (02202.HK) fell nearly 2% as its proposal to extend the principal of its domestic bonds by one year was not approved. Peer Xuhui (00884.HK) fell 3%, while Kaisa Group (01638.HK), R&F Properties (02777.HK), Country Garden (02007.HK), and Longfor (00960.HK) each fell between 1.1% and 1.9%.

In the automotive sector, Geely Automobile (00175.HK) completed the privatization of ZEEKR, with its stock price rising 0.4%. Nio-SW (09866.HK) fell 1.2%. BYD (01211.HK), Li Auto-W (02015.HK), and XPeng-W (09868.HK) all fell 0.5%.

Financial stocks remained stable, with HSBC (00005.HK) rising 0.5% to HKD 121.9. AIA (01299.HK) rose 0.5%. Hong Kong Exchanges and Clearing (00388.HK) rose 0.7%. Ping An Insurance (02318.HK) rose 2.1%.

In individual stocks, Sanhua Intelligent Control (02050.HK) forecasted a net profit growth of 25% to 50% for the year, with its stock price initially rising before falling 5.1% at midday. Cathay Pacific (00293.HK) expects strong performance in the second half of the year, with annual performance exceeding last year, and its stock price rose 7.6%. As for CSPC PHARMA (01093.HK), it rose 6.4%, making it the best-performing blue-chip stock, as the company's chairman recently spent HKD 110 million to increase his shareholding.

According to reports, New World (00017.HK) Zheng family plans to sell the Rosewood Hotel in London, with New World falling 0.3%