Hong Kong shares rally as financial and chip stocks surge at close
Hong Kong shares rallied on 10 November 2026, with the Hang Seng Index rising 0.44 per cent. Financial and chip stocks led gains, while oil majors fell on easing US-Iran tensions over the Strait of Hormuz.
Hong Kong shares rallied at market close on Tuesday, 10 November 2026, with the benchmark Hang Seng Index advancing 108 points, or 0.44 per cent, to 24,557 points. The full-day market turnover reached HK$178 billion, according to market data.
Financial shares led the gains, with HSBC (0005) jumping 4.37 per cent and Standard Chartered (2888) rising 5.1 per cent. BOC Hong Kong (2388) gained 1.38 per cent, AIA (1299) increased 1 per cent, and Hong Kong Exchanges and Clearing (0388) rose 0.52 per cent.
Tech shares broadly advanced despite heavyweight Alibaba (9988) and Tencent (0700) falling 2.87 per cent and 0.14 per cent, respectively. Lenovo (0992) and Pop Mart (9992) rose 2.47 per cent and 2.37 per cent. CATL (3750) increased 2.22 per cent, and Xiaomi (1810) edged up 1.66 per cent.
On the tech-focused index, Shanghai Tianshu Zhixin Semiconductor jumped 15.5 per cent as the best-performing constituent, while Z.AI (2513) and Minimax (0100) followed with gains of 11.11 per cent and 10.11 per cent. Chipmakers also rallied, with Hua Hong Grace Semiconductor (1347) advancing 3.76 per cent and Semiconductor Manufacturing International Corporation (0981) rising 2.61 per cent.
Meanwhile, easing geopolitical tensions between the US and Iran over the Strait of Hormuz weighed on oil majors, the report said. Petro China (0857) dipped 3.45 per cent, CNOOC (0883) fell 2.57 per cent, and China Petroleum and Chemical Corporation (0386) dropped 1.5 per cent.
In mainland markets, the Shanghai Stock Exchange Composite Index rose 2.93 points, or 0.08 per cent, to 3,663 points, and the Shenzhen Stock Exchange Composite Index edged up 0.86 per cent to 11,241 points.