Company Encyclopedia
View More
name
Xiong’an New Area Concept
CP20084.HK
News
View More

"Hong Kong Stocks" Hang Seng Index drops 535 points in half a day, AI concept stocks decline, Baidu falls over 6%

The Hang Seng Index fell 535 points or 2.1%, closing at 25,300 points; the National Index dropped 195 points or 2.1%, closing at 8,947 points; the Hang Seng Tech Index decreased by 173 points or 3.1%, closing at 5,401 points. AI concept stocks declined, with Baidu down 6.6% and Alibaba down 4.1%. Chip stocks SMIC and Hua Hong both fell 5.3%, while chip equipment stock ASMPT dropped 5.8%. In telecommunications infrastructure, ZTE and Changfei Optical Fiber Cable fell 4% and 5.8%, respectively. Medical platforms JD HEALTH and Alibaba Health dropped 7.2% and 4.8%. Pharmaceutical stocks such as Innovent Biologics and Kingsoft fell between 4.8% and 5.4%. Other tech stocks saw Tencent down 1.6% and Xiaomi down 0.8%

AASTOCKS·
HK
06618
-8.60%
US
BABA
-0.13%
HK
09988
-4.65%
AASTOCKS·
HK
06618
-8.60%
US
BABA
-0.13%
HK
09988
-4.65%

China signs agreement to revamp TAZARA railway in Zambia

China signed a $1.4 billion agreement with Zambia and Tanzania to modernize the TAZARA railway, a key trade route. The project aims to increase freight volumes and includes extensive infrastructure upgrades. The agreement was signed during Chinese Premier Li Qiang's visit to Zambia, highlighting China's deepening economic ties and support for Zambia's debt restructuring. This move counters the U.S. and EU-backed Lobito Corridor and underscores China's influence in Zambia's development.

Reuters·
SH
601390
-2.16%
HK
00390
-2.53%
Reuters·
SH
601390
-2.16%
HK
00390
-2.53%

China Longyuan Power Completes RMB2 Billion Ultra Short-Term Debenture Issuance

China Longyuan Power Group Corporation Ltd. completed the issuance of RMB2 billion ultra short-term debentures on November 19, 2025. The debentures have a 180-day term, a nominal value of RMB100 per unit, and a 1.56% coupon rate. Proceeds will replace existing debt and replenish working capital. Industrial and Commercial Bank of China Limited and China Bohai Bank Co., Ltd. were lead underwriters.

Reuters·
HK
00916
-2.43%
SZ
001289
-3.28%
Reuters·
HK
00916
-2.43%
SZ
001289
-3.28%

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a rating of "Overweight."

Morgan Stanley expects CNBM's stock price to rise in the next 15 days, with a probability of 70% to 80%, rating it as "Overweight," with a target price of 6.51 yuan. Bloomberg reported that the Chinese government is considering introducing new real estate stimulus measures, including providing mortgage subsidies, increasing the income tax rebate limit for mortgage borrowers, and reducing housing transaction costs. If true, this will benefit Chinese building materials companies

AASTOCKS·
HK
03323
-3.45%
AASTOCKS·
HK
03323
-3.45%

The Hang Seng Index closed up 0.02%, while the Hang Seng TECH Index fell 0.58%

CNBM rose over 2%, Midea Group, JD HEALTH, and ALI HEALTH rose over 1%; home appliances, retail, and building materials led the gains, while electrical equipment, coal, and hardware equipment saw the largest declines; southbound funds net bought HKD 15.992 billion

36Kr·
HK
00241
-4.46%
HK
STECH
-3.21%
SZ
000333
+1.04%
36Kr·
HK
00241
-4.46%
HK
STECH
-3.21%
SZ
000333
+1.04%
Posts
View More