Hong Kong stock opening | Hang Seng Index opened 1.08% higher, pharmaceutical stocks strengthened, BeiGene (06160) rose more than 4%

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that on October 16, the Hang Seng Index rose 1.08% to 24321.45 points; the Hang Seng Technology Index rose 1.59% to 4125.44 points. The state-owned enterprises index rose 1.19% to 8199.60 points; the red chip index rose 0.61% to 4047.24 points.

All 12 Hang Seng Industry Indices rose. The Hang Seng Healthcare Industry Index rose 2.47%, the Hang Seng Non-essential Consumption Index rose 1.64%, and the Hang Seng IT Index rose 1.46%, making it the industry index with the highest increase; the Hang Seng Telecom Index rose 0.18%, the Hang Seng Utilities Index rose 0.20%, and the Hang Seng Essential Consumption Index rose 0.37%, which was relatively far behind.

In terms of opening gains, Hang Seng Index constituent stocks Baiji Shenzhou (06160) rose 4.27%, Cinda Biotech (01801) rose 3.99%, and New Oriental-S (09901) rose 3.17%, making it the top three of Hang Seng Index constituent stocks in terms of opening gains; Hang Seng Technology Index component MINIMAX-W (00100) rose 4.01%, Tianshou Zhixin (09903) rose 3.76%, and Weilai-SW (09866) rose 3.63%, making it the top three opening gainers of the Hang Seng Technology Index.

In terms of decline, the Hang Seng Index constituent stock Ningde Times (03750) fell 2.23%, Hengan International (01044) fell 0.40%, and Xinyi Glass (00868) fell 0.25%, making it the top three opening declines for Hang Seng Index constituent stocks; among Hang Seng Technology Index constituent stocks, only Xiaomi Group-W (01810) opened and fell 0.22%.

Pharmaceutical stocks strengthened, and Conoa-B (02162) announced that in the first three quarters of 2026, the total revenue of Kangyueda's product was about RMB 660 million, an increase of about 227% over the previous year. At the same time, the State Drug Administration approved the marketing application for spoximab for the treatment of moderate to severe atopic dermatitis in adolescents. The stock opened at HK$78.00, up 2.43%.

Overnight, the three major US stock indices collectively closed higher. The Dow rose 1.08%, the S&P 500 index rose 0.33%, and the NASDAQ rose 0.08%; the yield on US 10-year Treasury bonds fell back to around 5.09%.