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
Tech's $330B Debt Maturity Wall Hits Refinancing Crunch in 2028
The technology sector faces a significant debt refinancing challenge as $330 billion in high-yield bonds, leveraged loans, and business development company-linked debt matures through 2028, with the majority of this debt issued during the pandemic's near-zero interest rate era. According to the
CryptoFrontier1h ago
Manycore Tech Lists on Hong Kong Exchange at HK$7.62, Raises US$157M
Manycore Tech, a Hangzhou-based spatial AI firm, successfully launched on the Hong Kong Stock Exchange, raising US$157 million. The company's stock opened significantly higher, reflecting strong investor demand and a turnaround to profitability after years of losses.
GateNews2h ago
Tesla Expands Robotaxi Service to Dallas and Houston
Tesla is expanding its self-driving taxi service to Dallas and Houston, following Austin's rollout. Operating under a TNC permit, the service starts small, raising competition with Waymo. Tesla faces safety concerns and regulatory scrutiny amid market implications for its valuation.
CryptoFrontier3h ago
Shoukang Securities Secures Regulatory Approval for Hong Kong IPO, Becoming 14th A+H-Listed Brokerage
Shoukang Securities received regulatory approval for its Hong Kong IPO to issue up to 1.048 billion H shares, enhancing its dual-listing strategy. The company plans to use proceeds for business expansion and technology investments, despite prior regulatory scrutiny.
GateNews3h ago
XRP ETFs Hit $1.5B Inflows After SEC Clarity Unlocks Demand
XRP ETFs saw $1.5 billion in inflows post-regulatory clarity, driven by strong institutional demand and new SEC rules. Major firms increased their holdings, and XRP network activity surged, indicating robust adoption and investor interest in crypto.
CryptoFrontNews4h ago
Dogecoin Holds $0.094 as X Cashtags Drive Market Attention
Key Insights
Dogecoin holds above $0.094 despite market weakness as Bitcoin and Ethereum stabilize, reflecting resilience and sustained demand across major cryptocurrencies during the consolidation phase.
X launches smart cashtags enabling real-time crypto and stock tracking, improving marke
CryptoNewsLand7h ago
