The Hang Seng Index opened down 135 points at 26,350, with JD.com and SMIC leading the decline, and Beigene opened up 3% after earnings
The Hang Seng Index opened down 135 points at 26,350 points, with a main board turnover of HKD 2.36 billion. The Hang Seng China Enterprises Index and the Technology Index fell by 42 points and 49 points, respectively. Beigene turned a profit in the third quarter, with its stock price opening up 3.02%; Zai Lab narrowed its losses but lowered its full-year guidance, with its stock price opening down 7.49%. XPeng intends to return to A-share listing, with its stock price opening up 4.81%. JD.com and SMIC fell by 2.13% and 1.56%, respectively. Baidu rose by 0.89%, and PetroChina rose by 0.36%
According to data from the Economic Information Agency on the 7th, the number of layoffs in the United States has surged, leading to continued downward adjustments in the US stock market. The Hang Seng Index opened at 26,350, down 135 points or 0.5%, with a main board turnover of HKD 2.36 billion. The Hang Seng China Enterprises Index reported 9,313, down 42 points or 0.5%. The Hang Seng Tech Index reported 5,894, down 49 points or 0.8%.
Two major pharmaceutical companies released their quarterly results on the same day. Beigene (06160) turned a loss into a profit of USD 130 million in the third quarter, with quarterly revenue exceeding RMB 10 billion, and raised its full-year revenue guidance. Its stock price opened up 3.02%, trading at HKD 194.3. On the other hand, Zai Lab (09688) reported a loss of USD 35.96 million, narrowing year-on-year, but lowered its full-year revenue guidance. Its stock price opened down 7.49%, trading at HKD 18.04, marking a four-day consecutive decline with a cumulative drop of 14.18%.
XPeng (09868) received positive news, stating its intention to return to A-share listing, with its stock price opening up 4.81%, trading at HKD 93.7.
New Oriental (09901) fell 2.36%, trading at HKD 43, currently leading the decline among blue chips; JD.com (09618) fell 2.13%, trading at HKD 124.2; SMIC (00981) fell 1.56%, trading at HKD 75.75; and Pop Mart (09992) fell 1.47%, trading at HKD 214.4.
Baidu (09888) rose 0.89%, trading at HKD 125, making it the best-performing blue chip; PetroChina (00857) rose 0.36%, trading at HKD 8.48, marking six consecutive days of gains. (ey)
