"Hong Kong Stocks" Hang Seng Index fell 21 points in the half-day, KUAISHOU and Bilibili surged, while car stocks and oil stocks declined

AASTOCKS
2026.01.05 04:35

The United States has taken military action against Venezuela, causing international oil prices to fluctuate during the Asian session, as investors await this week's U.S. economic data. The Hong Kong stock market saw a tug-of-war in the early session. The Hang Seng Index opened 22 points higher, initially dropped 82 points to a low of 26,256 points before rebounding, rising 107 points to a high of 26,445 points, and then retreated before noon, closing down 21 points or 0.1% at 26,316 points; the Hang Seng China Enterprises Index fell 17 points or 0.2% to 9,151 points; the Hang Seng Tech Index dropped 10 points or 0.2% to 5,726 points. The total turnover of the market for the half-day was HKD 155.515 billion.

KeLing AI partner BlueFocus (300058.SZ) has recently submitted another listing application to the Hong Kong Stock Exchange, while KUAISHOU-W (01024.HK) surged 9.7%. Bilibili (09626.HK), which has close business cooperation with BlueFocus, also saw its stock price rise 5.6% in the half-day.

SMIC (00981.HK) received increased holdings from the National Integrated Circuit Fund, with its stake nearly doubling to 9.25%, and its stock price rose nearly 2%. Peer Hua Hong (01347.HK) rose 2.4%, while Wallen (06082.HK) fell 2.6%, and InnoCare (02577.HK) dropped 9.6%. Baidu (09888.HK), whose subsidiary Kunlun Core has submitted a listing application to the Hong Kong Stock Exchange, retreated 1%. Yushu Technology stated it is not involved in the green channel for listing applications and indicated that its A-share listing is progressing normally, while robotics concept stocks Yujiang (02432.HK) and UBTECH (09880.HK) fell 4% and 3.4%, respectively. Reports indicate that Lenovo Group (00992.HK) plans to partner with NVIDIA (NVDA.US) to launch enterprise-level AI products, with Lenovo Group rising 0.4%.

In other tech stocks, Alibaba (09988.HK) rose 2.3%, Tencent (00700.HK) rose 0.1%, while Meituan (03690.HK) and JD.com (09618.HK) fell 0.2% and 1.1%, respectively, and NetEase (09999.HK) dropped 2.7%. JingTai (02228.HK) rose 3.6%, while Dongfang Zhenxuan (01797.HK) and QiuTai Technology (01478.HK) rose 4.5% and 5.8%, respectively, and Ping An Good Doctor (01833.HK) rose 7.7%. Automotive stocks were under pressure, with Geely (00175.HK), BYD (01211.HK), Xiaomi (01810.HK), Li Auto (02015.HK), and Leapmotor (09863.HK) falling 2.4% to 3.1%, while Nio (09866.HK), XPeng (09868.HK), and Chery (09973.HK) dropped 3.9% to 5.7%.

The market is paying attention to the situation in Venezuela, with oil stocks CNOOC (00883.HK) and PetroChina (00857.HK) falling 3.5% and 4.3%, respectively. In the financial sector, HSBC (00005.HK) and AIA (01299.HK) rose 0.1% and 0.3%, respectively, while the Hong Kong Stock Exchange (00388.HK) rose by less than 0.1% Insurance stocks China Ping An (02318.HK) and Taikang (02601.HK) rose by 3.2% and 3.6%, respectively, while China Taiping (00966.HK) increased by 4.9%. Banking stocks Agricultural Bank of China (01288.HK) and China Merchants Bank (03968.HK) fell by over 2%.

Pharmaceutical stocks saw significant gains, with Kelun Pharmaceutical (06990.HK) and Yiling Pharmaceutical (09606.HK) rising by 7.8% and 11%, respectively. Sanofi (01530.HK), Innovent Biologics (01801.HK), BeiGene (06160.HK), and Rongchang (09995.HK) increased by 5.9% to 6.9%. Junshi Biosciences (01877.HK), WuXi AppTec (02268.HK), Hansoh Pharmaceutical (03692.HK), CanSino Biologics (09926.HK), Weigao (01066.HK), and CSPC Pharmaceutical (01093.HK) rose by 3.7% to 4.6%. Domestic property stocks also saw sharp increases, with Jinmao (00817.HK), Longfor (00960.HK), R&F Properties (01109.HK), and Greentown China (03900.HK) rising by 5.4% to 6.8%. Yuexiu Property (00123.HK), China Overseas (00688.HK), New World Development (01030.HK), Sunac (01918.HK), and Vanke (02202.HK) increased by 3% to 3.9%.

In other stocks, Li Ning (02331.HK), Pop Mart (09992.HK), and Yihai (01579.HK) rose by 3.4% to 3.6%, while jewelry stock Chow Tai Fook (01929.HK) increased by 5.1%. China Duty Free (01880.HK), Prada (01913.HK), and Bosideng (03998.HK) fell by 4% to 5.3%. Wharf Real Estate (01997.HK) and Jiangxi Copper (00358.HK) dropped by 4.3% and 3%, respectively. International aluminum prices reached a three-year high, with Aluminum Corporation of China (02600.HK) rising by 4.3%

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