The Zhitong Finance App learned that on October 29, the Hang Seng Index opened flat to 23,088.14 points, a slight decrease of 0.03%; the Hang Seng Technology Index fell 0.50% to 3,834.60 points; the State-owned Enterprises Index rose 0.08% to 7,797.81 points; and the Hang Seng Red Chip Index rose 0.04% to 3,870.26 points.
Pharmaceutical stocks strengthened, and the Hang Seng Healthcare Index rose 1.15%. The top three constituent stocks of the Hang Seng Index rose 3.73%, Hanson Pharmaceuticals (03692) rose 2.05%, and Pharmaceuticals (02359) rose 1.63%. The top three constituent stocks of the Hang Seng Technology Index rose 0.70%, Baidu Group-W (09888) rose 0.58%, and Zero Sports (09863) rose 0.56%.
In terms of decline, the Hang Seng IT Index fell 0.48%, the Hang Seng Non-essential Consumption Index fell 0.44%, and the Hang Seng Real Estate and Construction Index fell 0.36%. The top three constituent stocks of the Hang Seng Index fell 8.33%, Lenovo Group (00992) fell 2.19%, and Sinopharm Holdings (01099) fell 1.63%; the top three declines for Hang Seng Tech Index constituent stocks were MINIMAX-W (00100), 2.19%, and Zhi Specu (02513), which fell 1.92%. New Oriental announced its results for the first quarter of the 2027 fiscal year ended August 31, 2026, with net revenue of US$1,874 billion, up 23.1% year on year, net profit attributable to shareholders of US$273 million, up 13.5% year on year, and operating costs and expenses up 23.7% year on year to US$1,499.8 billion; the company reaffirmed its guidelines for net revenue of 6.454 billion to 6.68 billion US dollars for fiscal year 2027. Its American Depositary Shares closed down 12.54% overnight. Of the 95 constituent stocks of the Hang Seng Index, 46 rose, 36 fell, and 13 were flat; of the 30 constituent stocks of the Hang Seng Technology Index, 8 rose, 17 fell, and 5 were flat.
Overnight, the three major US stock indices collectively closed higher. The Dow Jones Industrial Average rose 0.19% to 52,475.10 points, the S&P 500 index rose 0.28% to 7,743.98 points, and the Nasdaq Composite rose 0.27% to 26,549.85 points; the Philadelphia Semiconductor Index rose 1.75%, and the NASDAQ China Golden Dragon Index fell 1.83%. The Federal Reserve announced that it will keep the federal funds rate target range unchanged at 3.75% to 4%. The Hong Kong stock index closed up 0.23% to 23,094.83 points on the previous trading day (October 28); the Hang Seng Technology Index rose 1.40% to 3,853.72 points.