On November 27, 2025, the Hong Kong stock market opened with mixed performance. The Hang Seng Index (HSI) rose by 0.07%, the Hang Seng China Enterprises Index (HSCEI) slightly declined by 0.06%, the Hang Seng Tech Index (HSTECH) fell by 0.10%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) increased by 0.03%.

China Hongqiao, Lingbao Gold up around 3%; Zijin Mining up over 2%; Alibaba, Tencent, BYD Company down within 1%.

In terms of industry sectors, Hong Kong gold stocks showed significant gains. ZIJIN MINING rose by 2.58%, SD GOLD increased by 1.53%, and LINGBAO GOLD climbed by 2.86%. On the other hand, Hong Kong aluminum stocks also performed well, with CHINAHONGQIAO up by 3.41% and CHALCO surging by 4.13%.

BABA-W saw a decline of 0.52%. The company has been heavily investing in the food delivery market, leading to a significant drop in operating profit by 85% year-on-year. Despite a 15% increase in revenue, cash flow and free cash flow have significantly decreased. Alibaba announced that its flash purchase business is entering an efficiency optimization phase, with expected reduced investments focusing on user experience and high-value user management to drive instant retail business towards trillion-scale development.

ALI HEALTH remained unchanged. The company released its interim results for the six months ending September 30, 2025, with revenue of 16.697 billion yuan, a year-on-year increase of 17%, and adjusted net profit of 1.356 billion yuan, a year-on-year increase of 38.7%. The business showed steady growth, continuously advancing medical AI and digital health services.