Mei Ri Jing Ji Xin Wen·2025-10-28 09:04Market Performance - The Hong Kong stock market opened slightly higher influenced by the strong performance of Chinese concept stocks overnight but ultimately showed weakness with various indices retreating [1] - The Hang Seng Index closed at 26,346.14 points, down 87.56 points, a decline of 0.33% [2] - The Hang Seng Tech Index closed at 6,093.44 points, down 77.6 points, a decrease of 1.26% [4] Company Highlights - HSBC Holdings (00005.HK) saw its stock price rise over 4% following the release of its financial report [5] - For Q3 2025, HSBC reported revenue of $17.788 billion, a year-on-year increase of 5%; however, net profit attributable to ordinary shareholders decreased by 20.56% to $4.873 billion [6] - For the first nine months, HSBC's net operating income was $51.91 billion, down 4.38%, with net profit attributable to ordinary shareholders at $16.383 billion, a decrease of 27.89% [6] Sector Performance - Sectors such as non-ferrous metals, semiconductors, household goods, and textiles showed weak performance, with gold stocks declining across the board [6] - Notable declines in gold stocks included Zijin Mining (02899.HK) and Tongguan Gold (00340.HK), both dropping over 5% [6] New Listings - Four new stocks were listed today, with Dipo Technology (01384.HK) rising over 150%, and Baima Tea (06980.HK) increasing by 86.70% [7] Capital Flow - As of the market close, net buying of Hong Kong stocks by southbound funds exceeded 2.2 billion HKD [8] Market Outlook - CITIC Securities suggests that the overseas market's risk appetite has improved, and the "14th Five-Year Plan" recommendations may enhance market risk appetite in the short term [10] - According to招商证券, the improvement in supply-demand dynamics may signal an economic upturn in China, particularly with the onset of a U.S. interest rate cut cycle, leading to a "double easing" environment that could drive a slow bull market in Hong Kong stocks [10]