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
Iran Proposes Priority Agreement on Strait of Hormuz, Delays Nuclear Talks with U.S.
Gate News message, April 27 — Iran has proposed a new initiative to the United States prioritizing an agreement on reopening the Strait of Hormuz and lifting maritime blockades, while postponing nuclear negotiations to a later stage, according to AXIOS citing a U.S. official and two informed sources
GateNews2h ago
DOJ Drops Probe into Powell, Clearing Path for Crypto-Friendly Kevin Warsh to Lead Fed
Gate News message, April 26 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, clearing the way for the Senate to confirm Kevin Warsh as the next Fed chair. U.S. Attorney for the District of Columbia Jeanine Pirro announced the
GateNews2h ago
JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Still Years Away
Gate News message, April 26 — JPMorgan's global head of ETF product, Ciarán Fitzpatrick, said on Friday that tokenization will drive change across the entire funds industry, not just ETFs. "We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds in
GateNews2h ago
UTXO Management Launches Dual-Category Digital Credit Yield Funds
UTXO Management announced the formation of the UTXO Preferred Income Strategies LP, issuing a dual-class digital credit income fund, divided into a senior income class and a total return class. The former seeks steady cash flow, monthly distributions, and enjoys priority allocations; the latter uses leverage to pursue capital appreciation. It also issued STRC preferred securities, combining fixed-income and digital asset exposure, offered only in a private placement to qualified investors.
ChainNewsAbmedia3h ago
U.S. Stock Index Futures Open 0.2% Lower on Monday
Gate News message, April 26 — U.S. stock index futures opened 0.2% lower on Monday (April 21), according to Gate's market data.
GateNews3h ago
JPMorgan: Tokenization Will Transform Funds Industry, But 'Good Use Cases' Years Away
JPMorgan's global head of ETF product, securities services, Ciarán Fitzpatrick, stated that tokenization will drive change across the entire funds industry, according to a post from Friday. Fitzpatrick noted that while experimentation with tokenizing ETFs is ongoing, the bank estimates it will be "a
CryptoFrontier8h ago
