SMIC(HK:00981) 智通财经网·2025-10-02 09:04Market Overview - The Hong Kong stock market opened positively in October, with major indices showing strong performance, including the Hang Seng Index rising 1.61% to 27,287.12 points, and the Hang Seng Technology Index increasing by 3.36% to 6,682.86 points, marking near four-year highs [1] - The market is supported by the resumption of US-China negotiations and expectations of overseas interest rate cuts, which have alleviated liquidity pressures in Hong Kong and led to increased southbound capital inflows [1] Blue-Chip Stocks Performance - Semiconductor company SMIC (00981) reached a new high, closing up 12.7% at HKD 89.65, contributing 71.26 points to the Hang Seng Index. Goldman Sachs remains optimistic about SMIC's long-term order expansion due to market share growth among downstream clients and the increasing semiconductor content in electronic devices [2] - Other notable blue-chip performances include Xinyi Solar (00968) up 9.88%, Kuaishou-W (01024) up 8.57%, while China Resources Mixc Lifestyle (01209) and Chow Tai Fook (01929) saw declines of 2.9% and 2.44% respectively [2] Sector Highlights Technology Sector - Major technology stocks performed well, with Kuaishou rising over 8%, Baidu up over 4%, and Alibaba increasing by over 3%. Chip stocks also surged, with SMIC and Huahong Semiconductor reaching new highs [3] Gold Stocks - Gold stocks experienced a significant rally, with China Silver Group (00815) up 30.19%, and Tongguan Gold (00340) up 15.13%. The international gold price reached new records, with spot gold nearing USD 3,900 per ounce, driven by expectations of a Federal Reserve rate cut [5] Pharmaceutical Sector - Pharmaceutical stocks showed strong performance, with Clover Biopharmaceuticals-B (02197) up 21.15% and Genscript Biotech-B (01672) up 14.44%. The sector is buoyed by anticipated catalysts from upcoming industry conferences and ongoing progress in licensing deals for innovative drugs [6] Automotive Sector - The automotive sector saw broad gains, with NIO-SW (09866) up 6.62% and Li Auto (09875) reporting a 36.8% year-on-year decline in deliveries, marking a continuous drop for four months [7] Notable Stock Movements - Xipin (02583) surged 71.13% to HKD 181.4, primarily involved in the design and manufacturing of gold watches [8] - Kuaishou-W (01024) continued its upward trend, driven by its AI model's performance in global benchmarks [9] - Shenzhou International (02313) rose 7.87% following positive earnings from its core client Nike, which reported revenue of USD 11.7 billion, exceeding market expectations [10] - Contemporary Amperex Technology Co. (03750) reached a new high, closing up 5.95% as it maintains a leading global market share in battery production [11] - New Ming China (02699) experienced a drastic decline of 84.2%, attributed to significant stock transfers and market activity [12][13]