HK Close｜HSI Slips Modestly; GAC GROUP surged 17%; CLOUDBREAK up 14%; DOBOT up 10%; Hua Hong Semi up 3%; SERES down 8%; QUANTGROUP down 6%

Tiger Newspress

Nov 28, 2025

Hong Kong equities ended mixed on Nov 28. The benchmark Hang Seng Index (HSI) fell 0.34% to 25,858.89, while the Hang Seng China Enterprises Index (HSCEI) declined 0.38% to 9,130.18. In contrast, the Hang Seng Tech Index (HSTECH) was essentially flat, up 0.02% at 5,599.11, reflecting a two-speed market: resilience in selective semiconductors and EV-related names offset by weakness in parts of healthcare and consumption defensives. Turnover was moderate, with total Hong Kong market turnover at HKD 146.20 billion.

Trading was driven by stock-specific catalysts. Auto maker GAC Group (02238) surged on battery-line progress and product delivery milestones, while semiconductor peers showed relative strength. At the same time, pockets of healthcare distribution and consumer staples underperformed, capping broader index gains.

GAC GROUP surged 16.62%; CLOUDBREAK-B up 14.05%; DOBOT up 9.75%; Hua Hong Semi up 2.69%; SERES down 8.15%; QUANTGROUP down 6.22%; Meituan down 1.44%.

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The benchmark Hang Seng Index (HSI) fell 0.34% to 25,858.89, while the Hang Seng China Enterprises Index (HSCEI) declined 0.38% to 9,130.18. In contrast, the Hang Seng Tech Index (HSTECH) was essentially flat, up 0.02% at 5,599.11, reflecting a two-speed market: resilience in selective semiconductors and EV-related names offset by weakness in parts of healthcare and consumption defensives. Turnover was moderate, with total Hong Kong market turnover at HKD 146.20 billion.</p><p>Trading was driven by stock-specific catalysts. Auto maker GAC Group (02238) surged on battery-line progress and product delivery milestones, while semiconductor peers showed relative strength. 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The benchmark Hang Seng Index (HSI) fell 0.34% to 25,858.89, while the Hang Seng China Enterprises Index (HSCEI) declined 0.38% to 9,130.18. In contrast, the Hang Seng Tech Index (HSTECH) was essentially flat, up 0.02% at 5,599.11, reflecting a two-speed market: resilience in selective semiconductors and EV-related names offset by weakness in parts of healthcare and consumption defensives. Turnover was moderate, with total Hong Kong market turnover at HKD 146.20 billion.</p><p>Trading was driven by stock-specific catalysts. Auto maker GAC Group (02238) surged on battery-line progress and product delivery milestones, while semiconductor peers showed relative strength. 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The benchmark Hang Seng Index (HSI) fell 0.34% to 25,858.89, while the Hang Seng China Enterprises Index (HSCEI) declined 0.38% to 9,130.18. In contrast, the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数","HSCEI":"国企指数"},"translate_title":"香港收盘|恒指温和下滑；广汽集团大涨17%；CLOUDBREAK上涨14%；DOBOT上涨10%；华虹半导体涨3%；SERES下跌8%；QUANTGROUP下跌6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HSTECH":2,"HSCEI":2,"HSI":2},"content_text":"Hong Kong equities ended mixed on Nov 28. The benchmark Hang Seng Index (HSI) fell 0.34% to 25,858.89, while the Hang Seng China Enterprises Index (HSCEI) declined 0.38% to 9,130.18. In contrast, the Hang Seng Tech Index (HSTECH) was essentially flat, up 0.02% at 5,599.11, reflecting a two-speed market: resilience in selective semiconductors and EV-related names offset by weakness in parts of healthcare and consumption defensives. 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