Gate News message, April 16 — Hong Kong’s three major indices closed higher today as geopolitical risks eased and domestic macroeconomic data exceeded expectations. The Hang Seng Index rose 1.72%, or 446.94 points, to close at 26,394.26, with total turnover of HK$256.23 billion. The Hang Seng Enterprises Index gained 2.14% to 8,905.11, while the Hang Seng Tech Index surged 3.67% to 5,092.08.
Among blue-chip stocks, CATL (03750) hit a new high, climbing 9% to HK$714.5 with turnover of HK$4.089 billion, contributing 12.38 points to the Hang Seng Index. CATL reported Q1 revenue of 129.131 billion yuan, up 52.45% year-over-year, and net profit of 20.738 billion yuan, up 48.52%, exceeding market expectations. The company confirmed it will hold a “Super Tech Day” event on April 21. Baidu-SW (09888) rose 7.69% to HK$123.3, contributing 17.35 points; Alibaba-W (09988) gained 5.6% to HK$135.5; Tencent Holdings (00700) added 3.61% to HK$517.
Tech stocks led gains as AI computing prices rose and industry applications accelerated. Storage-related stocks also performed strongly, with Giga Device Semiconductor (03986) surging 13.44% to HK$462.4 and Montage Technology (06809) gaining 8% to HK$218.6, driven by strong DRAM and HBM demand from AI servers and data centers. Lithium battery stocks rose on Q1 momentum, with CATL up 9%, Ganfeng Lithium (01772) up 7.27%, BYD Company Limited (01211) up 5.5%, and Tianqi Lithium (09696) up 5.2%. China’s power and energy storage battery sales reached 437.1 GWh in the first quarter, up 52.9% year-over-year, with storage battery sales up 111.8%.
Chinese brokerage stocks were active, with China International Capital Corporation (03908) up 3.74%, Guotai Junan Securities (02611) up 3.31%, and GF Securities (01776) up 2.43%, supported by strong Q1 earnings. Separately, Siges New Energy (06656) debuted with a 103.42% surge to HK$659.5 in its Hong Kong IPO, setting records for fastest IPO and highest subscription rate in 2026. Longbang Technology (02465) soared 22.98% on earnings guidance, while Meige Intelligent (03268) jumped 11.75% after announcing a 300 million yuan AI research and manufacturing project.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Intel's Stock Surges 110% as AI Transition Reshapes Tech Industry
Gate News message, April 27 — Intel's stock has climbed 110% this year and reached a new all-time high on Friday, marking a significant turnaround for the chipmaker 25 years after its previous peak. The resurgence reflects a broader shift in the technology sector, where the AI transition is
GateNews22m ago
U.S. Stock Futures Mixed in Pre-Market Trading; Apple Down 1.35%, Nvidia Up 0.88%
Gate News message, April 27 — U.S. stock index futures showed mixed movement in pre-market trading. The Nasdaq rose 0.1%, while the Dow Jones fell 0.18% and the S&P 500 declined 0.05%.
Among the "Magnificent Seven" tech stocks, Apple (AAPL) fell 1.35%, Microsoft (MSFT) dropped 0.08%, and Tesla
GateNews1h ago
Bitcoin Rises Over 14% in April as Spot ETF Inflows Reach $2.11 Billion
Gate News message, April 27 — According to QCP Group analysis, Bitcoin has climbed over 14% in April with four consecutive weeks of gains, driven by sustained institutional inflows and market dynamics. U.S.-Iran negotiations broke down again while Middle East ceasefire efforts continue.
Spot Bitcoi
GateNews1h ago
TSMC contract terms’ first trading day: Taiwan stocks break 40k, and 00981A actively managed ETFs lead the gain
The Financial Supervisory Commission (FSC) announced on 4/24 the “TSMC clause,” relaxing the single-shareholding limit from 10% to 25%. This applies only to actively managed funds and active ETFs, not to passive index-tracking ETFs. Active ETFs represented by 00981A benefited the most after the clause took effect; they can raise the TSMC weight to 25%, with an additional 170k beneficiaries in a single week. Although 0050/0056 are not directly benefited, the rise in share prices still drove a corresponding increase due to tracking effects. Key market points to watch: whether it truly reaches 25%, whether the amplification effect at TSMC’s higher price levels materializes, and whether the clause will be revised again in the future.
ChainNewsAbmedia1h ago
HBM Chain Explodes: Nan Ya Ke, Winbond, T-Creative, ADATA, and Kinmax Fully Analyze the Momentum
AI server demand for HBM is surging, tightening DRAM supply as about 66% of global capacity is absorbed. Structural shortages and price increases have emerged for DDR5, LPDDR, and other products. Taiwan makers’ path: Nanya Technology has entered the Vera Rubin supply chain; Winbond benefits from niche DRAM and LPDDR; module makers such as Kingston and Transcend raise prices and expand gross margins; UMC and VIS benefit from demand for silicon wafers. Labor dynamics in South Korea affect the supply schedule. The momentum may continue until the third-quarter earnings are verified.
ChainNewsAbmedia1h ago
Apple's John Ternus to Become CEO on September 1, 2026
Gate News message, April 27 — Apple's newly appointed CEO John Ternus will officially take office on September 1, 2026. According to reports, Ternus is taking over with approximately 10 new product categories already in development, including a smart speaker with a display, a desktop
GateNews2h ago
