The Federal Reserve began its interest rate meeting, and the following day (the 27th), semiconductor stocks continued to rise, with the Nasdaq closing up 1.18% and the Dow Jones slightly increasing by 15 points. This morning (the 28th), Hong Kong stock market performance was volatile: after opening higher by 42 points, there was selling pressure that led to a decline, and there was intense contention around the 23,000 level, with a half-day range of only 134 points. The Hang Seng Index closed at 23,140 points, up 99 points or 0.43%; the main board's half-day trading volume was 97.991 billion yuan. The State-Owned Enterprises Index closed at 7,806 points, up 39 points or 0.51%; the Hang Seng Technology Index closed at 3,868 points, up 68 points or 1.8%.
In terms of leading tech stocks, Alibaba-W (09988. HK) rose 2.37% in the first half of the day; Baidu-W (09888. HK) rose nearly 3%; Tencent (00700. HK) and Meituan-W (03690. HK) each rose 0.8%; Xiaomi-W (01810. HK) also increased by 0.7%.
In terms of some blue-chip stocks, HSBC (00005. HK) saw a rebound of over 5% after its earnings report the previous day, attracting funds to buy into it. It closed up 2.46% at 137.6 yuan; Pop Mart (09992. HK) opened lower by 6.06% this morning but later recovered some of its losses, closing down only 0.76% for the day. After the company announced its third-quarter results, several major banks lowered their target prices for the stock; AIA (01299. HK) faced pressure and fell 2.55%; New Oriental-S (09901. HK) had the worst performance among blue-chips for the day, dropping 8.15%.
Chip stocks continued to recover, with Huahong Hongli (01347. HK) rising nearly 6%; SMIC International (00981. HK) increasing by 4.32%; Lanqi Technology (06809. HK) surging 8.82%. Bank of America Securities pointed out that Rambus ( RMBS.US) has strong performance and is expected to benefit from it; Tiandu Zhixin (09903. HK) rose 3.71%; GigaDevice Technologies (03986. HK) increased by 6.73%. SK Hynix exceeded earnings expectations in the last quarter and also announced a shareholder reward plan of 10 trillion Korean won. SK Hynix' products with the highest daily leverage (2x) (07709. HK) soared 19.18%; Samsung Electronics' products with the highest daily leverage (2x) (07747. HK) also rose 18.69%.
The AI sector continues to perform well, with Zhipu (02513.HK) rising by 4.45%; MINIMAX-W (00100.HK) rising by over 7.55%; Xunce (03317.HK) rising by 2%. Some AI hardware stocks also saw gains, with Jiantao Circuit Board (01888.HK) rising by 7.47%; Jiantao Group (00148.HK) rising by 5.81%; Zhongji Xuchuang (03308.HK) rising by 7.17%; and Changfei Fiber (06869.HK) rising by 8.97%.
Computer and consumer electronics stocks rose; Lenovo Group (00992. HK) increased by 6.7%; Sunny Optical (02382. HK) rose by 5.05%; Pharmaceutical stocks performed well, with WuXi AppTec (02359. HK) and WuXi Biologics (02269. HK) both rising by over 3% in the first half of the day. Metals and mining stocks were strong, with Zijin Mining (00899. HK) rising by nearly 4% in the first half of the day; Lao Pu Gold (06181. HK) increased by 3.04%.
UBS said weak demand for high-end gambling dragged down Macau's gambling revenue, and gaming stocks were under pressure today. Silver Entertainment (00027. HK), Sands China (01928. HK), SJM International (00200. HK), MGM China (02282. HK), and Macau Casino (00880. HK) all fell more than 2%, while Wynn Macau (01128. HK) fell 3.22%.
In terms of individual stocks, ASMPT (00522.HK) turned losses into a profit of 533 million yuan in the third quarter. After opening higher by nearly 50%, its stock price fell by 1.65% within half a day; DripTech (01384.HK) hit a new low, falling 22.56% to close at 8.735 yuan.
(mn / ad ) (Hong Kong stock quotes are delayed by at least 15 minutes. Short selling data is as of 16:25 on 2026-10-28.) (US stock quotes are real-time streaming quotes; except for market-listed stocks, OTC, data is delayed by at least 15 minutes.)
