Hong Kong Market Midday: Hang Seng Index Gains 0.61% in Morning Session, Optical Communication Sector Rebounds Sharply

The Hang Seng Index rose 0.61%, up 142 points, to 23,437 points; the Hang Seng Tech Index gained 2.85%.

Morning trading turnover in Hong Kong reached HK$114.1 billion.

Nvidia showcased its next-generation CPO solution, triggering a sharp rebound in Hong Kong's optical communication sector.

YOFC (06869) surged over 13%, Suzhou Dongshan Precision Manufacturing Co., Ltd. (02384) rose 11%, and LIGENT (09856) climbed 7.4%.

In 2026, the domestic lithium battery supply chain is showing a trend of "off-season without weakness" in the early period, and lithium battery concept stocks recovered today.

CATL (03750) rose 6.6%, leading blue-chip gains; Ganfeng Lithium Group Co.,Ltd. (01772) gained over 4%.

Three government departments reportedly held a joint meeting with financial institutions, with institutions noting a severe mismatch between brokerage valuations and profitability.

CICC (03908) rose 7.9%; CMSC (06099) gained 7%.

XIAOMI-W (01810) rose over 6%, with October vehicle deliveries exceeding 50,000 units for the first time this year, and the Pengcheng series providing new growth drivers.

CHINA LIT (00772) jumped over 13%, as domestic AI anime dramas accelerate their overseas expansion, and the company continues to improve monetization paths across its full IP portfolio.

MiniMax model entered the global AI large model weekly Token call ranking at eighth place, and MINIMAX-W (00100) rose over 8% in morning trading.

MGM CHINA (02282) rose 6%, with Morgan Stanley noting that the company's third-quarter results beat market concerns, and further deleveraging is expected to boost dividend yield.

TIMES ELECTRIC (03898) surged over 10%, with third-quarter net profit attributable to shareholders of 1.09 billion yuan, up 4.2% year-on-year.

CHINA RUYI (00136) gained over 9%, as Ruyi Films' third-quarter non-GAAP net profit grew over 22% year-on-year.

Gold stocks declined across the board. Federal Reserve tightening expectations combined with fund deleveraging pushed spot gold to a near one-year low.

LINGBAO GOLD (03330) fell 5%; EVEREST GOLD (01815) dropped 7%.

BYD ELECTRONIC (00285) fell another 3%+, as third-quarter results fell short of expectations, and continued weak Android demand may drag on product shipments.

HSBC HOLDINGS (00005) dropped over 2%, with Morgan Stanley noting that rising deposit competition will pressure net interest margins, while the pullback makes short-term valuations more attractive.