Hong Kong Stock Morning Review | Hang Seng Index fell 1.69% in early trading, Kingsley Biotech reversed the market and rose 8%

The Zhitong Finance App learned that during the Mid-Autumn Festival, the Hong Kong stock Hang Seng morning trading index fell 1.69% to 417 points to 24,343 points; the Hang Seng Technology Index fell 2.14%. Hong Kong stocks traded HK$59.1 billion at noon.

Multipoint Digital Intelligence (02586) increased by more than 7%, doubling its stock price within the month, and verifying the commercial traffic value of AI portals.

Kingsley Biotech (01548) rose more than 8%. Kingsley collaborated with Eli Lilly TuneLab to strengthen the company's AI drug discovery ecosystem.

Chow Tai Fook Foundry (00659) rose more than 5%, net profit for the whole year increased 11%, a final interest rate of HK33 Hong Kong cents, and paid 10 free 1 bonus stock.

Zhonghuan New Energy (01735) rose more than 7%, AI computing power business revenue soared, and the company moved towards a “new energy+AI+computing power” compound growth model.

China Building Materials (03323) fell 2.5%, rising coal prices squeezed cement profits, and UBS indicated that the cement business dragged down the company's profits.

Oil stocks fell again. G7 reserves are expected to be released and negotiations between the US and Iran resumed, and the IEA lowered global crude oil demand expectations. Shandong Molong (00568) fell 3.67%; CNOOC Oilfield Services (02883) fell 2.3%.

Power equipment stocks had the highest declines. Oracle issued a force majeure notice seeking to defer payments, and the data center supply chain may be under pressure. Weichai Power (02338) fell 5%; Shanghai Electric (02727) fell 5%.

Shandong Gold (01787) fell by more than 4%, and the company lowered its 2026 mineral gold production. Net profit is expected to decline year on year.

Domestic housing stocks continued to fall. The industry believes that a national interest rate discount policy is unlikely, and sales of existing homes will impact all developers in the short term. R&F Real Estate (02777) fell 5%; Sunac China (01918) fell 7%.

Xiying-W (00625) fell 5.6%, down nearly 30% from the offering price. Jefferies previously gave it a rating of “outperforming the market.”