On December 11, 2025, the Hong Kong stock market closed with mixed performance. The Hang Seng Index slightly decreased by 0.04%, the Hang Seng China Enterprises Index fell by 0.23%, the Hang Seng Tech Index dropped by 0.83%, and the Hang Seng China-Affiliated Corporations Index declined by 0.39%.
Gold Wind up over 5%; HSBC Holdings up 2%; Meituan, Xiaomi up around 1%; Alibaba, Jiangxi Copper down about 2%; Hua Hong Semi down 5%; ZTE down 13%.
In terms of sectors, tobacco stocks surged significantly, with SMOORE INTL rising 8.51%. The electric equipment sector also performed well, driven by AI-related demand, as GOLDWIND gained 5.23% and DONGFANG ELEC increased by 4.38%. On the other hand, blockchain stocks experienced a sharp decline, with HUA HONG SEMI dropping 4.80%.
Regarding individual stocks, HSBC HOLDINGS rose 2.06% after announcing plans to pay approximately $300 million to settle a French tax case related to Cum-Cum dividend tax avoidance. This news also pushed its market capitalization to a record high, nearing HK$2 trillion.
XIAOMI-W gained 0.96% following the announcement of the completion and operation of its Wuhan smart home appliance factory, marking a significant step in its home appliance business.
ZTE plummeted 13.08% due to an investigation by the U.S. Department of Justice regarding compliance with the Foreign Corrupt Practices Act. The company stated it is cooperating with the authorities and maintaining normal operations.
JD-SW fell 0.44% on its first trading day after raising HK$2.827 billion through its IPO, aiming to enhance its industrial supply chain capabilities and expand cross-regional business.
Comments