Zhi Tong Cai Jing·2025-10-27 11:30Market Overview - The Hong Kong stock market showed positive momentum with the Hang Seng Index rising by 1.05% to close at 26,433.7 points, with a total trading volume of HKD 2,670.77 million [1] - The rebound in the market is attributed to easing trade tensions between China and the U.S., which has led to an improvement in market sentiment [1] Blue-Chip Stocks Performance - WuXi AppTec (02359) saw a significant increase of 4.07%, closing at HKD 115, contributing 3.09 points to the Hang Seng Index. The company reported a revenue of RMB 32.86 billion for the first three quarters of 2025, up 18.6% year-on-year, and a net profit of RMB 12.076 billion, up 84.84% [2] - Other notable blue-chip performances include Baidu Group-SW (09888) rising by 6.2% to HKD 125.1, and Semiconductor Manufacturing International Corporation (00981) increasing by 3.5% to HKD 82.8 [2] Sector Highlights Technology Sector - Major technology stocks experienced gains, with Baidu rising over 6%, Alibaba up over 3%, and Tencent increasing by 2.9% [3] - Cryptocurrency-related stocks surged following a preliminary agreement between the U.S. and China on tariffs, with Bitcoin surpassing USD 115,000 [3] Semiconductor Sector - Semiconductor stocks saw a strong performance, with InnoCare Pharma (02577) increasing by 12.73% and SMIC (00981) rising by 3.5% [4] - The global memory market is experiencing price increases, with major companies like Samsung and SK Hynix raising contract prices by up to 30% [4] Pharmaceutical Sector - The pharmaceutical sector showed strong performance, with companies like Zai Lab (06127) and WuXi AppTec (02359) reporting significant gains [4][5] - WuXi AppTec's optimistic revenue growth forecast for 2025 reflects a robust outlook for the CRO sector [5] Nuclear Power Sector - Nuclear power stocks performed well, with Harbin Electric (01133) rising by 11.44% and China National Nuclear Power (02302) increasing by 10.53% [6] - The Chinese government's focus on nuclear fusion as a future economic growth point is driving interest in this sector [6] Copper Industry - The copper sector saw widespread gains, with China Molybdenum (03993) increasing by 5.19% and Jiangxi Copper (00358) rising by 4.35% [6][7] - Market sentiment regarding copper prices is improving, with expectations of tighter supply in the coming year [7] Notable Stock Movements - Huaxin Cement (06655) rose by 10.23% after reporting a revenue of RMB 25.033 billion for the first three quarters of 2025, a year-on-year increase of 1.27% [8] - Baidu Group-SW (09888) is transitioning its valuation logic towards AI, with its current price reflecting a significant undervaluation of its core business [9] - GAC Group (02238) reported a revenue decline of 10.49% year-on-year, resulting in a net loss of approximately RMB 4.312 billion [11]