Hong Kong stock market opening | Hang Seng Index rose 0.70%, BeiGene (06160) rose 7.57%, and pharmaceutical stocks strengthened

The Zhitong Finance App learned that on November 10, the Hang Seng Index rose 0.70% to 24621.13 points; the Hang Seng Technology Index rose 0.78% to 4072.44 points; the State-owned Enterprises Index rose 0.47% to 8298.68 points; and the Hang Seng Red Chip Index fell 0.06% to 4015.67 points.

The Hang Seng Industry Index rose and fell 6 times. The healthcare industry index rose 3.14%, the raw materials industry index rose 2.11%, the IT industry index rose 1.34%, the financial industry index rose 1.21%, and the industrial index rose 0.96%; the energy industry index fell 0.99%, the real estate construction index fell 0.46%, and the comprehensive enterprise index fell 0.27%. The top three constituent stocks of the Hang Seng Index rose 7.57% to HK$267.00, Yao Ming Kangde (02359) rose 6.06% to HK$210.00, Lenovo Group (00992) rose 5.95% to HK$19.76, CNOOC (00883) fell 1.54% to HK$23.00, and China Resources Land (01109) fell 1.07% to HK$31.58, the highest decline; the top three composites of the Hang Seng Technology Index rose to HK$31.58; the top three for Hang Seng Technology Index constituent stocks rose 6.06% to HK$210.00; Lenovo Group (00992) rose 5.95% to HK$19.76 2) Up 5.95%, MINIMAX-W (00100) rose 5.92% to HK$166.50, and Tianshu Zhixin (09903) rose 5.77% to HK$64.20.

Pharmaceutical stocks opened higher, and BeiGene (06160) rose 7.57%. It was the biggest component of the Hang Seng Index increase. The company disclosed its three-quarter report on the evening of November 9. The revenue for the first three quarters was 34.993 billion yuan, up 26.81% year on year, and net profit attributable to the parent company was 6.055 billion yuan, up 431.81% year on year; Pharmacom Kang (02359) rose 6.06%. The company announced on November 9 that it was learned that the US Department of Defense decided to remove it from the CMC list under the 1260H clause. Information technology stocks strengthened. Lenovo Group (00992) rose 5.95%, the biggest component of the Hang Seng Technology Index. MINIMAX-W (00100) rose 5.92%, and Tianshu Zhixin (09903) rose 5.77%. Energy stocks declined, and CNOOC (00883) fell 1.54%, making it the biggest component of the Hang Seng Index's decline. Real estate and construction stocks were weak, and China Resources Land (01109) fell 1.07%. Of the 95 constituent stocks of the Hang Seng Index, 47 rose, 26 fell, and 22 were flat; of the 30 constituent stocks of the Hang Seng Technology Index, 21 rose, 8 fell, and 1 flat.

Overnight, the three major US stock indices rose collectively. The Dow Jones Industrial Average rose 2.15% to 52389.75 points, the S&P 500 index rose 2.35% to 7549.94 points, the Nasdaq Composite Index rose 2.74% to 25253.14 points; the Philadelphia Semiconductor Index rose 6.85%, the NASDAQ China Golden Dragon Index fell 1.32%, and Alibaba's American Depositary Receipts fell 3.72%. The settlement price of WTI crude oil futures for December delivery was $86.85 per barrel, down 4.38%, while Brent crude oil futures for January delivery were reported at $92.57 per barrel, down 5.85%. On the previous trading day for Hong Kong stocks (November 9), the Hang Seng Index closed at 24448.95 points, while the Hang Seng Technology Index closed at 4040.73 points.