HSI rises 69 points by midday as SMIC rallies nearly 4%, Alibaba drops 3%
Hong Kong's Hang Seng Index gained 69 points by midday, led by a 3.9% surge in SMIC shares. Alibaba fell 3.44%. Mainland indices also rose.
Hong Kong shares rallied by midday on 10 November 2026, with the benchmark Hang Seng Index (HSI) rising 69 points, or 0.29 per cent, to 24,518 points. The half-day market turnover reached HK$92 billion.
The tech gauge edged up 0.7 per cent to 4,069 points. Local chipmaker Semiconductor Manufacturing International Corporation (SMIC, stock code 0981) advanced 3.9 per cent, making it the best-performing blue chip. In contrast, tech heavyweight Alibaba (stock code 9988) saw its share price drop 3.44 per cent.
On the mainland, the Shanghai Stock Exchange Composite Index gained 2 points, or 0.06 per cent, to 3,662 points. The Shenzhen Stock Exchange Composite Index rose 0.76 per cent to 11,229 points.