Hong Kong stock market opened higher on Friday. The Hang Seng Index rose by 0.25%, the Hang Seng China Enterprises Index increased by 0.34%, the Hang Seng Tech Index climbed by 0.43%, while the Hang Seng China-Affiliated Corporations Index slightly decreased by 0.03%.

SMIC, Zijin Mining up nearly 2%; Bilibili up 1%; Alibaba up 0.8%; Pop Mart up 0.6%; NIO up 0.5%; Haiwei Electronics dropped over 5%.

BABA-W rose by 0.80% following the release of its new Quark AI glasses, which integrate Alipay and Taobao applications, and the announcement of its future AI glasses strategy. Additionally, Alibaba received a net purchase of HKD 9.19 billion from Northbound funds.

POP MART increased by 0.64% as new consumer concept stocks performed strongly, with the company seeing a significant rise of nearly 7% the previous day.

LI AUTO-W fell by 0.21% after Citic Lyon released a report giving the company an "outperform" rating and a target price of HKD 140, despite the company's third-quarter net loss of RMB 630 million.

HAIWEI ELEC dropped by 5.46% despite its dark market stock price soaring nearly 100% before its official listing on November 28. The company, a major capacitor film manufacturer, raised approximately HKD 388.9 million, with the funds primarily used for capacity expansion and R&D.

JOYSON ELEC rose by 3.18%, showing strong performance among individual stocks.