{ET Net News Agency, 26th} U.S. President Trump indicated a possibility of new military actions against Iran, sparking market concerns over escalating Middle East tensions and pushing oil prices higher. European and U.S. markets fell last Friday, and Asian stocks weakened this morning, with A-shares continuing to decline although the跌幅 narrowed. The Hong Kong market fluctuated this morning, rising over 100 points at one point but also turning negative by tens of points during the session. The Hang Seng Index closed the morning session at 23,193, up 100 points or 0.4%, with main board turnover exceeding HK$93 billion. The Hang Seng China Enterprises Index stood at 7,795, up 39 points or 0.5%. The Hang Seng Tech Index was at 3,857, down 14 points or 0.4%.
Spot gold fell below USD 4,000 per ounce, dragging all gold mining stocks lower. Zijin (02899) dropped 5.8% to HK$27.74, the biggest decliner among blue chips. Zhaojin Mining (01818) fell 1.8% to HK$16.24; Lingbao Gold (03330) declined 3.6% to HK$16.14; Shandong Gold (01787) slipped 2.9% to HK$16.94; Chifeng Gold (06693) dropped 3.8% to HK$30.08.
Sinopharm Holdings (01099) reported year-on-year growth in third-quarter profit and revenue, driving a turnaround in first-three-quarter earnings and narrowing revenue decline. The stock surged 6.1% to HK$16.27, the largest gainer among blue chips.
Moonshot released its latest model Kimi K3.1 Pro, causing MiniMax (00100) to briefly fall below its IPO price of HK$165 again during the session, closing the morning down 9.4% at HK$170; Zhipu (02513) declined 1.7% to HK$490.4.
Domestic GPU leader Cambricon's third-quarter revenue rose 105%, far short of expectations. Tianshu Zhixi (09903) dropped 4.3% to HK$72.55; Bitmain Technologies (06082) fell 4.6% to HK$22.62.
Lens Technology (06613) reported a 50% drop in net profit and nearly 11% decline in revenue for the first three quarters, leading to a 7.6% fall in its share price to HK$15.14.
Haitec Finance (01905) received an 80% premium offer from Shanghai International to acquire 51% equity, surging 27.1% in half a day upon resumption to HK$1.525.
China Shenhua (01088) reported first-three-quarter net profit of RMB 47.3 billion, up 2%, with a nearly 3% increase in the third quarter; the group invested over RMB 600 million to fully acquire a coal-to-gas company and invest in natural gas projects. Shenhua rose 2.5% to HK$40.6.
Shimao Group (00813) faces over USD 9 billion in offshore debt, with a winding-up petition triggering debt default, causing its shares to plunge 10.7% to HK$0.05.
The three most actively traded HSI stocks were Tencent (00700), SMIC (00981), and Alibaba (09988); Tencent was at HK$387.8, up HK$1.8 or 0.5%, with turnover of HK$2.887 billion; SMIC was at HK$46.16, down HK$0.9 or 1.9%, with turnover of HK$1.811 billion; Alibaba was at HK$97.6, down HK$0.2 or 0.2%, with turnover of HK$1.793 billion. (vs)
Spot gold fell below USD 4,000 per ounce, dragging all gold mining stocks lower. Zijin (02899) dropped 5.8% to HK$27.74, the biggest decliner among blue chips. Zhaojin Mining (01818) fell 1.8% to HK$16.24; Lingbao Gold (03330) declined 3.6% to HK$16.14; Shandong Gold (01787) slipped 2.9% to HK$16.94; Chifeng Gold (06693) dropped 3.8% to HK$30.08.
Sinopharm Holdings (01099) reported year-on-year growth in third-quarter profit and revenue, driving a turnaround in first-three-quarter earnings and narrowing revenue decline. The stock surged 6.1% to HK$16.27, the largest gainer among blue chips.
Moonshot released its latest model Kimi K3.1 Pro, causing MiniMax (00100) to briefly fall below its IPO price of HK$165 again during the session, closing the morning down 9.4% at HK$170; Zhipu (02513) declined 1.7% to HK$490.4.
Domestic GPU leader Cambricon's third-quarter revenue rose 105%, far short of expectations. Tianshu Zhixi (09903) dropped 4.3% to HK$72.55; Bitmain Technologies (06082) fell 4.6% to HK$22.62.
Lens Technology (06613) reported a 50% drop in net profit and nearly 11% decline in revenue for the first three quarters, leading to a 7.6% fall in its share price to HK$15.14.
Haitec Finance (01905) received an 80% premium offer from Shanghai International to acquire 51% equity, surging 27.1% in half a day upon resumption to HK$1.525.
China Shenhua (01088) reported first-three-quarter net profit of RMB 47.3 billion, up 2%, with a nearly 3% increase in the third quarter; the group invested over RMB 600 million to fully acquire a coal-to-gas company and invest in natural gas projects. Shenhua rose 2.5% to HK$40.6.
Shimao Group (00813) faces over USD 9 billion in offshore debt, with a winding-up petition triggering debt default, causing its shares to plunge 10.7% to HK$0.05.
The three most actively traded HSI stocks were Tencent (00700), SMIC (00981), and Alibaba (09988); Tencent was at HK$387.8, up HK$1.8 or 0.5%, with turnover of HK$2.887 billion; SMIC was at HK$46.16, down HK$0.9 or 1.9%, with turnover of HK$1.811 billion; Alibaba was at HK$97.6, down HK$0.2 or 0.2%, with turnover of HK$1.793 billion. (vs)
