Hong Kong stocks intraday | Three major indices all fell, with the Tech Index down 0.63%, while the semiconductor sector went against the trend; POP MART rose 5.43%, and WuXi AppTec surged 13.03%

LB Select
2025.10.22 02:51
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The three major indices of the Hong Kong stock market fell simultaneously during the session, with the Hang Seng Tech Index leading the decline at 0.63%, reflecting cautious market sentiment. The semiconductor sector rose against the trend, with leading companies like SMIC attracting capital. The consumer and biotechnology sectors faced pressure and adjustments. POP MART surged strongly, while INNOVENT BIO soared due to innovation progress. Macroeconomic uncertainties and capital flows are affecting market structural differentiation

Current Situation of the Three Major Indices

Hang Seng Index (HSI.HK): Down 0.38%

Hang Seng China Enterprises Index (HSCEI.HK): Down 0.37%

Hang Seng Tech Index (HSTECH.HK): Down 0.63%

Number of stocks rising in the entire market: 616, falling: 853, unchanged: 1,252

Semiconductor Sector

The semiconductor sector rose by 1.2%, driven by high demand for AI and chips, with inflows of southbound funds and improved industry sentiment boosting overall activity.

SMIC (0981.HK): Up 1.76%, trading volume of HKD 2.716 billion. Benefiting from increased orders for AI and server chips, performance expectations have been revised upward, and net inflows of southbound funds have driven the stock price higher.

Huahong Semiconductor (1347.HK): Down 2.06%, trading volume of HKD 1.557 billion. The industry fundamentals continue to improve but valuations are volatile, with signs of institutions buying on dips under technical adjustments and profit-taking pressure.

Xiaomi Group -W (1810.HK): Up 0.26%, trading volume of HKD 2.111 billion. Expansion of the new generation smart hardware supply chain, with the automotive business attracting market attention, and slight increases in northbound funds supporting the stock price.

Biotechnology Sector

The biotechnology sector fell by 0.9%, with some leading companies under performance pressure, and significant differentiation in innovative drug companies due to clinical progress.

Innovent Biologics (1801.HK): Down 2.01%, trading volume of HKD 4.124 billion. Core product sales did not meet expectations, leading to a stock price correction, and tightening industry policies have caused short-term defensive differentiation in funding.

Jiangsu Hengrui Medicine -B (2135.HK): Up 13.03%, trading volume of HKD 1.008 billion. New data from clinical trials has led to breakthroughs in the product pipeline, attracting concentrated funding, with hot money driving strong stock performance.

BeiGene (6160.HK): Down 1.23%, trading volume of HKD 0.765 billion. Key drugs did not meet expectations, coupled with slow overseas business expansion, leading market institutions to adopt a differentiated allocation strategy.

Jewelry, Toy, and Stationery Retail Sector

The sector rose by 0.3%, with weak consumption recovery momentum and short-term operations in the industry.

POP MART (9992.HK): Up 5.43%, trading volume of HKD 4.921 billion. Strong sales of new products have led to upward adjustments in performance expectations, with active institutional buying reinforcing the leading effectChow Tai Fook ( 1929.HK ): Up 0.49%, turnover of HKD 426 million. The recovery in demand for gold jewelry promotes the revival of core stores, with strong capital speculation sentiment.

Morning Glory Stationery ( 603899.SH HK linked price): Up 0.21%, turnover of HKD 108 million. New product innovation drives revenue growth, with pre-holiday stocking demand but cautious capital allocation.

Market Focus

  1. Core macro and industry focus news: The Federal Reserve maintains high interest rates, pushing U.S. Treasury yields to high levels. Recently, the RMB has depreciated slightly against the USD, and offshore RMB fluctuations affect southbound capital inflows. China's September PMI preliminary value is 48.9, with a slow recovery in manufacturing prosperity. Continuous policy support for stable growth suppresses risk appetite in Hong Kong stocks.

  2. Capital flow: Southbound capital today net inflow of HKD 2.74 billion, Shanghai-Hong Kong Stock Connect net purchase of HKD 1.41 billion, Shenzhen-Hong Kong Stock Connect net purchase of HKD 1.33 billion. SMIC, POP MART, and WuXi AppTec received capital increases, while the technology and biopharmaceutical sectors continue to diverge, with main focus on semiconductor and consumer leaders.

Top Ten Stocks by Turnover

POP MART ( 9992.HK ), trading price HKD 264.00, up 5.43%, turnover HKD 4.921 billion.

Alibaba -W ( 9988.HK ), trading price HKD 162.60, down 1.51%, turnover HKD 4.629 billion.

INNOVENT BIO ( 1801.HK ), trading price HKD 85.15, down 2.01%, turnover HKD 4.124 billion.

SMIC ( 0981.HK ), trading price HKD 75.35, up 1.76%, turnover HKD 2.716 billion.

XIAOMI-W ( 1810.HK ), trading price HKD 46.58, up 0.26%, turnover HKD 2.111 billion.

Tencent Holdings ( 0700.HK ), trading price HKD 624.50, down 0.95%, turnover HKD 1.812 billion.

Zijin Mining ( 2899.HK ), trading price HKD 31.38, down 2.97%, turnover HKD 1.756 billion.

Huahong Semiconductor ( 1347.HK ), trading price HKD 76.10, down 2.06%, turnover HKD 1.557 billionZijin Gold International (2899.HK), trading price HKD 131.90, down 1.49%, trading volume HKD 1.031 billion.

Jiangsu Hengrui Medicine -B (2135.HK), trading price HKD 195.20, up 13.03%, trading volume HKD 1.008 billion

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