BABA(HK:09988) Ge Long Hui·2025-10-02 09:01Market Overview - The Hong Kong stock market opened positively in the fourth quarter, with the Hang Seng Index rising by 1.61%, the Hang Seng Tech Index increasing by 3.36%, and the National Enterprises Index up by 1.77% [1][2]. Technology Sector - Major technology stocks saw significant gains, with Kuaishou rising over 8%, Baidu up over 4%, and Alibaba, Xiaomi, and JD.com each increasing by over 3% [4][5]. - Semiconductor and chip stocks strengthened, with SMIC rising over 12% [6][7]. - Kuaishou's AI model ranked first in global video generation benchmarks, indicating strong performance in the tech sector [5]. Gold and Precious Metals - Gold stocks continued their upward trend, with China Silver Group surging over 30% and other gold-related stocks also experiencing gains [8]. Apple-Related Stocks - Apple concept stocks were active, with Lens Technology rising nearly 9% and other related companies also seeing increases [10][11]. - The iPhone 17 series has shown strong global demand, with sales exceeding those of the previous model by 10%-15% [12]. Lithium Battery Sector - Lithium battery stocks performed well, with Tianqi Lithium rising nearly 13% and other companies like Ganfeng Lithium and BYD Electronics also gaining [13]. Automotive Sector - Automotive stocks rose, with NIO increasing over 6% and other manufacturers like Li Auto and Xpeng also reporting strong performance [14][15]. Real Estate Sector - The real estate sector showed weakness, with Longfor Group declining over 5% and other major developers following suit [16][17]. Brokerage Sector - Chinese brokerage stocks fell, with Shenwan Hongyuan down over 3% and other major firms also experiencing declines [18]. Alibaba's Performance - Alibaba's stock rose over 3%, reaching HKD 183.1, with a total market capitalization of HKD 349.22 billion [19][20]. - Morgan Stanley raised Alibaba's target price significantly, citing growth in cloud computing and e-commerce as key drivers [23].