Hong Kong Stock Afternoon Review|Hang Seng Index rose 0.64% in early trading, and electricity stocks collectively rose

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 0.64% to 156 points to 24,666 points; the Hang Seng Technology Index fell 0.54%. Hong Kong stocks traded HK$94.7 billion in early trading.

NetEase (09999) rose more than 4% to lead the Hang Seng Index blue chip. The “Eternity War” national training team won the first gold medal of the Chinese team in this year's Asian Games e-sports program. “Eternity” was developed by NetEase Studio 24 (24 Entertainment) and launched in August 2021.

The “three barrels of oil” have risen collectively, and the situation in the Middle East has repeatedly raised oil prices. The agency points out that the strategic position of three barrels of oil is prominent. CNPC shares (00857) rose 4%; Sinopec shares (00386) rose 1.69%; and CNOOC (00883) rose 1.4%.

Electricity stocks rose collectively. Electricity prices rose sharply in Jiangsu and Guangdong in October, and the agency indicated that electricity prices would rise steadily, strengthening the signal. Huaneng International Power shares (00902) rose 5%; China Resources Power (00836) rose 3.6%.

Ketuo shares (02272) rose more than 24%, and the gross margin of parking lot operation rose to 45.2%. HUAWEI CLOUD cooperated to accelerate AI transformation and lay out deep collaboration between intelligent parking and autonomous driving.

China Heart Link Chemical Fertilizer (01866) rose more than 7%, and the company released new high-end nitro products, starting the era of activated nitro fertilizer.

Zhonghuan New Energy (01735) rose another 12%. The AI computing power business performed well in the first half of the year, and the company further deployed an AI Token factory.

Bruker (00325) has risen more than 9%. The company has recently been intensively promoting new products, and the debut of a new product at the WF2026 Shanghai exhibition is about to debut.

COFCO Jiajiakang (01610) rose more than 6% and recently plans to merge its wholly-owned subsidiary Zhuo Trading Co., Ltd.

Gold stocks declined across the board. Rising interest rates on US bonds are suppressing precious metals valuations, and Federal Reserve officials are intensively sending hawkish signals. Lingbao Gold (03330) fell more than 10%; Shandong Gold (01787) fell 8.6%.

GigaYi Innovation (03986) fell nearly 6% in early trading. Internal storage is fragmented or continues to expand, and the gap between supply and demand will gradually narrow.

Fiber concept stocks had the highest declines. Hengtong Optoelectronics plans to increase optical communications by 6.6 billion yuan, and the market is concerned that the wave of production expansion will cause overcapacity. Changfei Optical Fiber Cable (06869) fell 13%; Junzhi Group (01300) fell 13%.