Hong Kong stock opening | Hang Seng Index opened 0.57% lower, chip stocks bucked the trend and rose higher, Tianshu Zhixin (09903) rose more than 7%

The Zhitong Finance App learned that on November 13, the Hang Seng Index opened 0.57% lower to 23871.91 points; the Hang Seng Technology Index fell 0.35% to 3918.21 points; the State-owned Enterprises Index fell 0.57% to 8010.68 points; and the Hang Seng Red Chip Index fell 0.42% to 3963.61 points.

Of the 12 Hang Seng Industry Indices, only the energy sector rose 0.47%. The industrial index fell 0.13%, the financial sector index fell 0.30%, the telecommunications industry index fell 0.37%, the utilities index fell 0.39%, the essential consumer index fell 0.48%, the non-essential consumer index fell 0.62%, the real estate construction index fell 0.70%, the information technology index fell 0.71%, the composite enterprise index fell 0.72%, the healthcare industry index fell 0.98%, and the raw materials industry index fell 1.38%.

Chip stocks bucked the trend. Tianshu Zhixin (09903) rose 7.12% to HK$84.30, the biggest component of the Hang Seng Technology Index; Huahong Semiconductor (01347) rose 2.79% to HK$79.15, making it the biggest increase in the Hang Seng Index and the second largest increase in the Hang Seng Technology Index; and SMIC (00981) rose 2.59% to HK$50.00, making it the second-largest component of the Hang Seng Index's increase and the third-largest increase in the Hang Seng Technology Index. SMIC announced results for the third quarter ended September 30, 2026, with sales revenue of US$3.19 billion, up 33.9% year on year; profit attributable to company owners of US$428 million, up 123.4% year on year; and revenue guidance for the fourth quarter was 4% to 6% month-on-month.

Gold stocks declined, with Laosou Gold (06181) falling 3.41% to HK$288.80, the second-largest component of the Hang Seng Index's decline; pharmaceutical stocks weakened, and BeiGene Shenzhou (06160) fell 2.50% to HK$249.40, making it the third-largest component of the Hang Seng Index's decline. The largest declines in the Hang Seng Technology Index constituent stocks were Xiaopeng Group-W (09868), which fell 1.68% to HK$37.50, and Tencent Holdings (00700), which fell 1.45% to HK$393.00.

In terms of IPOs, China Star Aerospace (06935) was listed on the Hong Kong Stock Exchange today. The sale price was HK$24.90. The opening price was HK$24.44, down 1.85%. Of the 95 constituent stocks of the Hang Seng Index, 8 rose, 70 fell, and 17 were flat; of the 30 constituent stocks of the Hang Seng Technology Index, 7 rose, 19 fell, and 4 were flat.

Overnight, the three major US stock indices closed down slightly. The Dow Jones Industrial Average fell 0.36% to 52297.09 points, the S&P 500 fell 0.35% to 7592.40 points, the Nasdaq Composite Index fell 0.39% to 25366.09 points; and the Philadelphia Semiconductor Index fell 0.54%. Nvidia announced the resignation of Wong In-hoon as the company's president, CEO and director, effective immediately. Executive Vice President and Chief Financial Officer Colette Kress became the interim CEO. The stock closed down 4.34%. International oil prices rose, and light crude oil futures for December delivery in New York closed at $88.74 per barrel, up 2.55%; London spot gold fell nearly 3%, falling below $3,900 an ounce. On the previous trading day for Hong Kong stocks (November 12), the Hang Seng Index closed at 24008.55 points, while the Hang Seng Technology Index closed at 3931.93 points.