1. Market Overview
The Hang Seng Index opened up 0.58% at 24,825.02, extending the cautious upward bias seen in recent sessions. The HSCEI rose 0.61% to 8,234.56, while the Hang Seng Tech Index inched 0.15% higher to 4,747.51 as heavyweight tech names posted mixed but mostly positive moves. Overall sentiment was constructive amid light early-session flows, with investors digesting overnight strength in U.S. equities and steady mainland macro data.
Biotechnology shares stole the spotlight at the bell after several constituents registered outsized gains, while large-cap internet platforms added modest support. In contrast, semiconductor names lagged following weakness in chip-related leveraged products. Autos and consumer plays saw selective interest but lacked a uniform trend.
2. Sector Performance
Large Technology Names
Alibaba rises 2.47%, Bilibili rises 1.49%, Meituan rises 1.26%, Baidu rises 1.21%, Kuaishou rises 1.07%, Xiaomi rises 1.01%, NetEase rises 0.89%, Tencent rises 0.84%, SMIC falls 2.42%, JD.com falls 0.43%
3. HK Top Gainers 10
Stock | Code | Price (HK$) | Gain |
DIAGENS-B | 02526 | 368.00 | +5.99% |
MICROPORT | 00853 | 7.35 | +5.91% |
ISHARES AXJ | 03010 | 93.50 | +5.87% |
SKB BIO | 06990 | 559.00 | +4.19% |
AUTOHOME-S | 02518 | 41.80 | +4.14% |
EDGE MEDICAL-B | 02675 | 42.00 | +3.75% |
MANULIFE-S | 00945 | 335.80 | +3.32% |
ZHIDA TECH | 02650 | 31.80 | +3.25% |
MININGLAMP-W | 02718 | 144.00 | +3.23% |
TH MEDICAL-B | 02697 | 660.00 | +3.04% |
Filter: Market cap above HK$10 billion
4. HK Top Losers 10
Stock | Code | Price (HK$) | Loss |
CSOP SK Hynix (2x) Leveraged | 07709 | 61.02 | -14.99% |
CSOP Samsung Elec. (2x) Leveraged | 07747 | 87.82 | -14.99% |
YOFC | 06869 | 145.00 | -7.29% |
KNOWLEDGE ATLAS | 02513 | 1583.00 | -7.26% |
ILUVATAR COREX | 09903 | 525.50 | -6.08% |
KB LAMINATES | 01888 | 53.00 | -6.03% |
GENFLEET-B | 02595 | 39.86 | -5.99% |
GIGADEVICE | 03986 | 619.00 | -5.78% |
MONTAGE TECH | 06809 | 341.00 | -5.70% |
DELTON | 01989 | 134.50 | -5.08% |
Filter: Market cap above HK$10 billion
5. Opening Summary
The Hang Seng Index started the Thursday session on a firmer footing, hovering just below the 25,000-point psychological mark as investors priced in a mildly risk-on global backdrop. Modest gains in mainland China risk assets and a stable U.S. rate outlook underpinned sentiment, though the advance remained measured in early dealings.
Large-cap internet names provided the bulk of support. Alibaba outperformed with a 2.5% pop, extending its recent rebound, while Meituan, Bilibili and Baidu all added more than 1%. Tencent’s rise of 0.8% offered additional ballast, offsetting weakness in JD.com and SMIC.
Biotechnology counters delivered eye-catching moves: DIAGENS-B, MicroPort and SKB Bio all jumped 4–6% to top the gainers’ list. Conversely, chip-equipment plays such as Knowledge Atlas and Montage Tech slumped alongside sharp drops in semiconductor leveraged products tracking South Korean peers, weighing on the broader chip complex.
Outside the headline moves, auto names were mixed, with Li Auto and XPeng on the rise but BYD and NIO little changed. No major IPOs debuted at the open, leaving traders to focus on individual stock catalysts and upcoming economic data for further direction.
Source: Public market data and media reports
Disclaimer: For reference only. Not investment advice.