On November 11, the Hang Seng Index opened 0.83% lower at 24,354.19 points; the Hang Seng Tech Index fell 0.96% to 4,045.30 points; the State-Owned Enterprises Index dropped 0.75% to 8,204.21 points; and the Hang Seng China-Affiliated Corporations Index declined 0.48% to 4,013.98 points.
All Hang Seng sector indices moved lower. The Materials sector index fell 2.30%, the Consumer Discretionary sector index dropped 0.99%, the Financials sector index declined 0.82%, the Information Technology sector index fell 0.75%, the Conglomerates sector index dropped 0.65%, the Properties & Construction sector index declined 0.62%, and the Healthcare sector index fell 0.55%; the Telecommunications sector index slipped 0.11%, the Energy sector index dropped 0.24%, and the Industrials sector index declined 0.31%, posting relatively smaller losses.
Materials stocks retreated. Auto stocks weakened, with Li Auto-W (02015) falling 2.68% to HK$49.00 and XPeng-W (09868) dropping 2.07% to HK$39.68, ranking among the biggest decliners on the Hang Seng Tech Index, while Li Auto-W was also the largest decliner on the Hang Seng Index. Techtronic Industries (00669) fell 2.49% to HK$140.70, the second-largest decliner on the Hang Seng Index.
Among stocks that bucked the trend, CATL (03750) rose 2.59% to HK$387.80, making it the largest gainer on the Hang Seng Index; Hua Hong Semiconductor (01347) gained 1.61% to HK$75.75, the second-largest gainer on the Hang Seng Index; Zhipu (02513) climbed 1.66% to HK$490.00 after announcing on November 10 a plan to repurchase H shares, with the total repurchase amount capped at HK$4 billion and the total number of shares repurchased not exceeding 1% of the total issued shares as of the announcement date; Tencent Music-SW (01698) rose 1.08% to HK$37.32.
On the new listing front, Xinhehua (02206) debuted on the Main Board of the Hong Kong Stock Exchange today, opening at HK$51.30, up 27.61% from its offer price of HK$40.20.
Among the 95 constituent stocks of the Hang Seng Index, 6 advanced, 78 declined, and 11 opened flat; among the 30 constituent stocks of the Hang Seng Tech Index, 3 advanced, 24 declined, and 3 opened flat.
Overnight, the three major U.S. indices all closed lower. The Dow Jones Industrial Average fell 0.30% to 52,231.89 points, the S&P 500 Index dropped 0.38% to 7,520.93 points, and the Nasdaq Composite Index declined 0.74% to 25,065.87 points; the Philadelphia Semiconductor Index fell 0.35%, and the Nasdaq Golden Dragon China Index dropped 1.21%. U.S. October CPI rose 0.4% month-on-month, above the market expectation of 0.3%, and the 10-year U.S. Treasury yield briefly climbed back to 5% during intraday trading. Spot gold fell 2.6%; WTI crude oil futures for December delivery settled at US$86.04 per barrel, down 0.93%, while Brent crude oil futures for January delivery stood at US$91.49 per barrel, down 1.17%.
In the previous trading session on November 10, the Hang Seng Index closed at 24,557.04 points, and the Hang Seng Tech Index closed at 4,084.45 points.
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