Hong Kong Stocks Midday: Hang Seng Index Rises 0.20% in Morning Session, Coal Stocks Lead Gains

Stock News11-09

The Hang Seng Index in Hong Kong rose 0.2%, up 49 points, to 24,531 points, while the Hang Seng Tech Index gained 0.07%, according to Zhitong Finance APP. Morning trading turnover in Hong Kong reached HK$97.4 billion.

Coal stocks led the gains. Indonesia continues its RKAB quota management on coal production, with supply contraction supporting coal prices. SHOUGANG RES (00639) climbed 9.8%; YANKUANG ENERGY (01171) rose 4.7%; and CHINA COAL (01898) advanced 3.4%.

RELYEZ ENERGY (09621) made its trading debut, surging 120% in the morning session. The company ranks tenth in China's energy storage system solutions industry. GALAXIS TECH (02729) gained over 28%. Apple disclosed its humanoid robot autonomous control system HALO. Guojin Securities noted that physical AI is transitioning from the 0-to-1 stage to the 1-to-10 stage.

Raw milk prices continued to rise. CH MODERN D (01117) gained over 8%, while YOURAN DAIRY (09858) rose over 7%.

DRINDA (02865) jumped over 10% as Elon Musk clarified the timetable for space computing deployment, with the company continuing to advance its commercial aerospace layout. UBTECH ROBOTICS (09880) rose over 9% after partnering with Xinhua News Agency to create the world's first bionic humanoid robot news anchor. VOBILE GROUP (03738) gained over 7% as third-quarter total revenue grew 32% year-on-year, with AI business already contributing at scale.

Pork concept stocks continued to climb. The breeding sow inventory fell below the normal holding level, and production capacity reduction accelerated marginally in October. Dekon Food and Agriculture (02419) rose 4.53%; COFCO Joycome (01610) gained 3.06%.

Pateo Connected Car (02889) rose over 6% as its AI Box solution won the 2026 Internet of Everything Digital Economy Award. FIH (02038) gained 7% as third-quarter profit grew 52.6% year-on-year, with expectations for significant improvement in 2026 financial results. Foxconn Interconnect Technology (06088) fell over 6% after Morgan Stanley noted that the company's third-quarter operating profit again fell short of expectations. Huaxin Cement (06655) retreated over 4% from highs after proposing a RMB 10.96 billion acquisition of Brazil's second-largest cement producer.

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