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<H Shrs>HSI Rebounds as Pharmaceutical and BYD Stocks Gain
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Driven by Chinese pharmaceutical and automotive stocks, the Hong Kong stock market rebounded today (27th). The market is watching the development of the US-Iran conflict, as US President Donald Trump extended the suspension of attacks on Iranian energy facilities until the 6th of next month. The US stock market saw the DJIA and Nasdaq fall by 1% and 2.4% respectively overnight (26th). At the time of writing, the yield on US 2-year bonds rose to 4.01%, and the yield on US 10-year bonds rose to 4.45%. The US Dollar Index rose to 100.01. The latest DJIA futures rose 14 points or 0.03%, and Nasdaq futures rose 13 points or 0.06%. The Mainland's ChiNext Index rose 0.7%. The Shanghai Composite Index rose 24 points or 0.63% to close at 3,913 points, while the Shenzhen Component Index rose 1.2%. The total turnover of the Shanghai and Shenzhen markets was RMB1.85 trillion. The HSI opened 87 points lower, initially dropping 143 points to a low of 24,712 points, then rose 239 points to 25,095 points, closing the day up 95 points or 0.4% at 24,951 points. The HSCEI rose 63 points or 0.8% to close at 8,453 points, and the HSTECH rose 16 points or 0.35% to close at 4,778 points. The total market turnover for the day was HKD263.081 billion. The total turnover of Northbound trading was HKD101.044 billion, while Southbound funds saw a net outflow of HKD2.883 billion today (previous trading day net inflow of HKD3.34 billion). The HSI has cumulatively fallen 325 points or 1.3% this week, marking a four-week losing streak. The HSCEI fell 120 points or 1.4% this week, and the HSTECH fell 94 points or 1.9% this week, while Southbound funds saw a net inflow of HKD25.146 billion this week (previous week net outflow of HKD6.329 billion). Earlier this week, US President Donald Trump issued an ultimatum to Iran to reopen the Strait of Hormuz within two days or face targeting of its energy infrastructure. However, Trump later announced that negotiations between the US and Iran were progressing smoothly, and the US would suspend attacks on Iranian power plants and energy infrastructure. The ongoing US-Iran conflict continues to affect market sentiment and deepen investor concerns about stagflation. The HSI has fallen for four consecutive weeks, with a cumulative drop of 1,678 points or 6.3%. [China Mobile Supported Post-Results] Several blue-chip companies announced results. Meituan-W (03690.HK) announced results, and the market is hopeful that future losses in its food delivery business will decrease, with the stock price falling 0.9% for the day. China Mobile (00941.HK) saw its net profit fall 0.9% last year but increased its final dividend, with the stock price rising 0.7% for the day. Ping An Insurance (02318.HK) saw its net profit rise 7% YoY last year, with the stock price rising 2% for the day. CNOOC (00883.HK) saw its net profit fall over 12% last year, with the stock price falling 0.5% for the day. Pharmaceutical stocks generally rose, with CSPC Pharmaceutical (01093.HK) Chairman Cai Dongchen increasing his stake by 49.4 million shares involving HKD413 million yesterday (26th), with the stock price surging 13.8% for the day. Innovent Biologics (01801.HK) achieved its first annual profit, with the stock price rising 7.7%. Sino Biopharmaceutical (01177.HK) saw its basic profit rise 31% for the year, with the stock price rising 1.2%. 3SBio (01530.HK) and InnoCare Pharma (09606.HK) rose 10.4% and 11% respectively. [BYD Performs Well with Over 1,000 Stocks Rising] The Hong Kong stock market saw improved market breadth today, with the ratio of rising to falling stocks on the main board at 28 to 22 (previous day 13 to 38), with 1,180 stocks rising (up 3.1%). Among HSI constituent stocks, 54 stocks rose and 34 fell, with a rise-to-fall ratio of 60 to 38 (previous day 44 to 84). The market recorded short selling of HKD49.952 billion, accounting for 21.369% of the HKD233.759 billion turnover of stocks available for short selling. BYD (01211.HK) saw its stock price rise 3.7% to HKD106.5 for the day. Battery stock CATL (03750.HK) rose 2.9%, while lithium stocks Tianqi Lithium (09696.HK) and Ganfeng Lithium (01772.HK) rose 6.1% and 9.3% respectively. The State Administration for Market Regulation announced yesterday that it held the first corporate fair competition symposium of 2026, focusing on the theme of "Regulating Corporate Competition Behavior and Building a Healthy Competition Ecosystem for Enterprises Going Global." The meeting involved in-depth exchanges with responsible persons from enterprises such as China Minmetals, China State Construction, CATL, BYD, Chery Automobile (09973.HK), Didi (DIDIY.US), and Meituan, to listen to opinions and suggestions. Member of the Party Leadership Group and Deputy Director Meng Yang attended the meeting and delivered a speech. (wl/da) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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