HK Opening Bell | Market Mixed At Open; Biotech Stocks Firm; Akeso Jumps 8%

HK Opening Bell
Sep 29

1. Market Overview

The Hang Seng Index inched up 0.02% to 24,648.64 at the open, while the Hang Seng China Enterprises Index gained 0.13% to 8,227.19. The broader market adopted a cautious tone, balancing modest buying interest against lingering profit-taking. In contrast, the Hang Seng Tech Index slipped 0.21% to 4,286.90, underscoring a soft start for heavyweight growth names.

Early price action was dominated by strength in healthcare-related counters—especially biopharmaceutical developers—alongside steadier moves in consumer and travel plays. Technology hardware names were mixed, and electric-vehicle makers showed divergent trends, highlighting a selective risk appetite across growth sectors.

2. Sector Performance

Large Technology Names

Alibaba falls 1.02%, Bilibili falls 0.92%, Lenovo Group falls 0.90%, JD.com falls 0.29%, Tencent falls 0.09%, Li Auto rises 0.26%, Xiaomi rises 0.15%, Baidu rises 0.00%, Kuaishou rises 0.00%, Meituan rises 0.00%

3. HK Top Gainers 10

Stock

Code

Price (HK$)

Gain

AKESO

09926

99.70

8.37%

HWORLD-S

01179

35.06

5.48%

REALORD TEC-NEW

01196

2.89

4.71%

JIA YAO HLDGS

01626

23.00

3.60%

TIGERMED

03347

47.00

2.80%

NEW GONOW RV

00805

11.45

2.78%

VSTECS

00856

9.09

2.77%

DUALITYBIO-B

09606

199.80

2.67%

JUNSHI BIO

01877

18.39

2.57%

KEYMED BIO-B

02162

75.00

2.53%

Filter: Market cap above HK$10 billion

4. HK Top Losers 10

Stock

Code

Price (HK$)

Loss

RA MATERIALS

09607

40.00

-9.09%

KINWONG

03228

65.00

-6.98%

PATEO

02889

65.00

-4.55%

ROBOTECHNIK

03757

419.60

-3.76%

SOFTCARE

02698

26.70

-2.63%

NEW ORIENTAL-S

09901

43.60

-2.29%

CHIFENG GOLD

06693

33.06

-2.19%

VTECH HOLDINGS

00303

51.50

-2.18%

NIO-SW

09866

27.86

-2.04%

ZIJIN GOLD INTL

02259

136.10

-2.02%

Filter: Market cap above HK$10 billion

5. Opening Summary

The Hong Kong market opened on a cautiously constructive note, with the Hang Seng Index hovering around 24,650 after a fractional 0.02% uptick, while the HSCEI added 0.13%. Sentiment remained tentative as investors weighed mixed global cues; the small downside in the Hang Seng Tech Index (-0.21%) suggested selective rotation rather than broad-based risk-taking.

Among heavyweight techs, profit-taking kept Alibaba, Bilibili and Lenovo under pressure, each sliding around 1%. Gains in Li Auto and Xiaomi helped temper the sector’s losses, yet the flat openings for Baidu, Kuaishou and Meituan underscored the wait-and-see attitude ahead of key macro data later in the week.

Biopharma names stole the early spotlight. Akeso leapt 8% on sustained buying interest, while DualityBio-B, Junshi Bio and Keymed Bio all advanced more than 2%. Hotel operator H World also climbed over 5%, hinting at a revival play in travel and reopening beneficiaries.

With sector readings still thin, rotation into healthcare and consumer re-opening themes led early leadership. No major macro headlines crossed the wires before the bell, keeping focus on company-specific catalysts. Investors will watch upcoming policy signals and mainland data for clearer direction as the session unfolds.

Source: Public market data and media reports

Disclaimer: For reference only. Not investment advice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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