ET Net News Agency, November 28 — The Federal Reserve is scheduled to announce its interest rate decision tomorrow morning Hong Kong time. Ahead of the announcement, the Hang Seng Index traded within a narrow range, with an intraday swing of merely 134 points. Meta's initial $25 billion common stock offering received five times oversubscription, driving continued speculation in AI-related stocks. Market sentiment remained cautious, with the Hang Seng Index initially reversing into slight negative territory after opening higher. However, a rebound in both A-share markets lifted the Hang Seng Index by over 100 points at one point during the session, although gains narrowed by the close. The Hang Seng Index ended the day at 23,094, up 53 points or 0.2%, with main board turnover exceeding HK$181.4 billion. The Hang Seng China Enterprises Index closed at 7,791, up 24 points or 0.3%. The Hang Seng Tech Index closed at 3,853, up 53 points or 1.4%.
Standard Chartered (02888) reported a pre-tax profit of USD 2.25 billion for the third quarter, representing a year-on-year increase of 27.41%, surpassing market expectations of USD 2.09 billion. The bank also raised its revenue guidance for the year. Following the results, its share price surged 7.6% to close at HK$219.8.
HSBC (00005), which plunged sharply after its results yesterday, rebounded 1% to HK$135.6; AIA (01299) fell 2.2% to HK$70.9.
Meta's initial $25 billion common stock offering received five times oversubscription, reigniting investor interest in AI-related stocks. Hua Hong Semiconductor (01347) rose 8.4% to HK$70; Lenovo Group (00992) gained 6.3% to HK$23.78; SMIC (00981) advanced 5.4% to HK$47.8; GigaDevice (03986) jumped 9.9% to HK$359.2; Montage Technology (06809) climbed 9.2% to HK$230.2.
Reports indicate that global sales of Apple's iPhone 18 Pro series during its first three weeks increased by 3.1% compared to the iPhone 17 Pro series during the same period last year. Apple-related stocks rose across the board: Sunny Optical Technology (02382) gained 3.9% to HK$65.8; AAC Technologies (02018) surged 10.3% to HK$38.82; BYD Electronics (00285) rose 2.5% to HK$22.54; Lens Technology (06613) gained 3.6% to HK$14.92; Foxconn Industrial (06088) advanced 4.4% to HK$3.715.
Hengrui Pharma (01276) reported a net profit of RMB 2.46 billion in the third quarter, representing an 89% year-on-year increase. Its shares rose 10.8% to close at HK$49.56.
New Oriental (09901) will announce its quarterly results after market close today. The stock declined 7.3% to HK$42.76 ahead of the earnings release.
Newly listed Dongshan Precision (02384) H-shares debuted today, opening at HK$82.4, with a high of HK$87.1 and a low of HK$81.5. It closed at HK$86.15, 0.7% below its offer price of HK$86.8. With a board lot of 100 shares and excluding transaction costs, investors faced an immediate paper loss of HK$65 per lot.
The three most actively traded stocks in the Hang Seng Index were Tencent (00700), Alibaba (09988), and SMIC. Tencent closed at HK$387.6, up HK$2.4 or 0.6%, with turnover of HK$5.305 billion; Alibaba ended at HK$98.9, up HK$1.9 or 2%, with turnover of HK$4.362 billion; SMIC recorded turnover of HK$3.876 billion. (vs)
Standard Chartered (02888) reported a pre-tax profit of USD 2.25 billion for the third quarter, representing a year-on-year increase of 27.41%, surpassing market expectations of USD 2.09 billion. The bank also raised its revenue guidance for the year. Following the results, its share price surged 7.6% to close at HK$219.8.
HSBC (00005), which plunged sharply after its results yesterday, rebounded 1% to HK$135.6; AIA (01299) fell 2.2% to HK$70.9.
Meta's initial $25 billion common stock offering received five times oversubscription, reigniting investor interest in AI-related stocks. Hua Hong Semiconductor (01347) rose 8.4% to HK$70; Lenovo Group (00992) gained 6.3% to HK$23.78; SMIC (00981) advanced 5.4% to HK$47.8; GigaDevice (03986) jumped 9.9% to HK$359.2; Montage Technology (06809) climbed 9.2% to HK$230.2.
Reports indicate that global sales of Apple's iPhone 18 Pro series during its first three weeks increased by 3.1% compared to the iPhone 17 Pro series during the same period last year. Apple-related stocks rose across the board: Sunny Optical Technology (02382) gained 3.9% to HK$65.8; AAC Technologies (02018) surged 10.3% to HK$38.82; BYD Electronics (00285) rose 2.5% to HK$22.54; Lens Technology (06613) gained 3.6% to HK$14.92; Foxconn Industrial (06088) advanced 4.4% to HK$3.715.
Hengrui Pharma (01276) reported a net profit of RMB 2.46 billion in the third quarter, representing an 89% year-on-year increase. Its shares rose 10.8% to close at HK$49.56.
New Oriental (09901) will announce its quarterly results after market close today. The stock declined 7.3% to HK$42.76 ahead of the earnings release.
Newly listed Dongshan Precision (02384) H-shares debuted today, opening at HK$82.4, with a high of HK$87.1 and a low of HK$81.5. It closed at HK$86.15, 0.7% below its offer price of HK$86.8. With a board lot of 100 shares and excluding transaction costs, investors faced an immediate paper loss of HK$65 per lot.
The three most actively traded stocks in the Hang Seng Index were Tencent (00700), Alibaba (09988), and SMIC. Tencent closed at HK$387.6, up HK$2.4 or 0.6%, with turnover of HK$5.305 billion; Alibaba ended at HK$98.9, up HK$1.9 or 2%, with turnover of HK$4.362 billion; SMIC recorded turnover of HK$3.876 billion. (vs)
