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Hong Kong Stock Afternoon Review|Hang Seng Index rose 0.44% in early trading, crude oil sector led blue chip stocks
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The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 0.44% to 100 points to 23,193 points; the Hang Seng Technology Index fell 0.37%. Hong Kong stocks traded HK$93 billion in early trading.

Oil stocks had the highest gains. The probability that the US and Iran will launch a new round of conflict is rising, and the support for oil prices is still strong from geopolitical risks. CNOOC Oilfield Services (02883) rose 7%; China Petroleum & Chemical (00386) rose 3.7%; CNPC (00857) rose 4%; and CNOOC (00883) rose 2%.

White Pigeon Online (02672) surged more than 30% to a record high. The MaaS business maintained steady growth, and the AI risk control model accelerated large-scale implementation.

Various ministries and departments have favorable policies to encourage industry mergers and acquisitions and diversified operations, and stock prices in the pharmaceutical distribution industry have rebounded. Sinopharm Holdings (01099) rose more than 6%.

Lizhu Pharmaceuticals (01513) increased by more than 10%, paid large dividends, and formulated a shareholder return plan for the next three years.

The Reclining Robot (06600) rose by more than 14%, the physical AI industry catalyzed centralized release, and the commercialization of the company's “one brain polymorphism” accelerated.

Optical Communications concept stocks had the highest decline. The market continues to focus on AI capital expenditure prospects, and institutions indicate performance or catalytic valuation repair. Cambridge Technology (06166) fell 6%; Changfei Optical Fiber Cable (06869) fell 5%; Zhongji Xuchuang (03308) fell 3.6%.

Gaoxin Retail (06808) fell more than 6% after the profit warning, and the medium-term loss is expected to expand to 500 million to 550 million yuan.

Gold stocks fell collectively. Chifeng Gold (06693) fell 3.7% after the results, and spot gold fell below 3,980 US dollars/ounce for a while.

Lansi Technology (06613) fell 7.6%. Increased exchange losses dragged down performance, and net profit returned to mother in the third quarter fell year-on-year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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