Hong Kong Stock Mid-Review | Hang Seng Index fell 0.18% in the morning session, hydrogen energy sector surged

Zhitong
2025.09.18 04:07
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The Hong Kong Hang Seng Index fell 0.18% in the morning session, reporting 26,860 points, while the Hang Seng Tech Index rose 1.04%. Hydrogen energy concept stocks performed strongly, with SINOHYTEC rising 33% and ReNew Power rising 17%. Chip stocks continued to be strong, with Hua Hong Semiconductor rising 10%. Autonomous driving concept stocks rose due to the upcoming implementation of national standards, with BLACK SESAME rising 6%. The wind power industry chain was active, with GOLDWIND rising 2%. BLUE MOON GROUP rose over 6%, and Baidu Inc. -B rose over 10%. Non-ferrous stocks generally fell, with Jiangxi Copper falling 2%

According to Zhitong Finance APP, the Hong Kong Hang Seng Index fell 0.18%, down 47 points, closing at 26,860 points; the Hang Seng Tech Index rose 1.04%. The turnover of Hong Kong stocks in the morning session was HKD 204.7 billion.

Hydrogen energy concept stocks surged during the session, as the hydrogen and fuel cell industry is entering a period of rapid growth. SINOHYTEC (02402) once rose over 84%, and by lunchtime, SINOHYTEC (02402) was up 33%; Reshaping Energy (02570) rose 17%; Beijing Electromechanical Co., Ltd. (00187) rose 12%; Guofu Hydrogen Energy (02582) rose 13%.

Guotai Junan Securities research report pointed out that domestic computing power chips are gradually replacing NVIDIA, reflecting the decoupling of China's artificial intelligence development from the Western semiconductor ecosystem. Chip stocks continued their recent strength, with Huahong Semiconductor (01347) up 10%; SMIC (00981) up 6.5%; Shanghai Fudan (01385) up 2.45%.

Intelligent driving concept stocks rose, as L2-level assisted driving will welcome mandatory national standards, and the automotive intelligence industry chain is expected to benefit. BLACK SESAME (02533) rose 6%; Horizon Robotics-W (09660) rose 6.7%; Suoteng Juchuang (02498) rose 6.99%; Youjia Innovation (02431) rose 2.5%.

GF Securities pointed out that the wind power industry chain has shown significant results in reversing internal competition, with most wind power stocks active. GOLDWIND (02208) rose 2%, and Longyuan Power (00916) rose over 3%.

BLUE MOON GROUP (06993) rose over 6%, recently being included in the Hong Kong Stock Connect, with the company's brand moat continuing to deepen.

Biossance-B (02315) rose over 10%, as its Sci-Tech Innovation Board IPO is about to be reviewed, and the company reached an antibody licensing cooperation with Merck at the beginning of the month.

Hong Kong Broadband (01310) surged over 54%, as the share offer deadline approaches, with the offeror China Mobile Hong Kong and its concerted parties holding 78.08% of the shares.

Shoucheng Holdings (00697) rose over 8%, as its subsidiary Beijing Shouda Xingye Fund increased investment in Weifen Zhifei.

Non-ferrous stocks fell sharply, as the Federal Reserve's hawkish stance led to a 25 basis point rate cut, with institutions previously stating that the expectation for a rate cut in September was relatively sufficient. Jiangxi Copper Co., Ltd. (00358) fell 2%; Luoyang Molybdenum Co., Ltd. (03993) fell 1%

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