HSI Climbs 135 Points by Midday; BYD Soars 4%, CSPC Jumps 10%
The Hong Kong market rose into midday trade, led by gains in healthcare and autos. Trending search queries included “HSI Climbs 135 Points by Midday; BYD Soars 4%, CSPC Jumps 10%”.
Market movement and volume
The Hang Seng Index added 135 points, or 0.55%, near 24,992 at midday. The HSCEI rose 79 points, or about 1%, to 8,469.
The HSTECH climbed 50 points, roughly 1%, reaching 4,811. Total half-day turnover hit $135.775 billion.
Pharmaceutical sector strength
Pharma stocks broadly outperformed in morning trade. Corporate buying and earnings news supported the rally.
- CSPC PHARMA (01093.HK): Chairman Cai Dongchen bought 49.4 million shares on 26 March. The purchase was worth about $413 million. CSPC’s stock jumped about 9.6% to $8.94 by midday.
- INNOVENT BIO (01801.HK) posted its first full-year profit. Its shares climbed 5.7%.
- SINO BIOPHARM (01177.HK) reported a 31% rise in underlying profit. Its shares slipped 1.7%.
- HENGRUI PHARMA (01276.HK), 3SBIO (01530.HK), JUNSHI BIO (01877.HK), BEONE MEDICINES (06160.HK) and INNOCARE (09969.HK) rose between 5.4% and 6%.
- DUALITYBIO-B (09606.HK) and SIMCERE PHARMA (02096.HK) led with gains of 8.1% and 7.9% respectively.
Automakers and EV-related moves
Carmakers remained in focus as holiday promotions and new launches drew attention. BYD led the pack during the session.
- BYD COMPANY (01211.HK) climbed 4.3% to $107.10. Pavement interest and strong EV demand helped lift the stock.
- LEAPMOTOR (09863.HK) advanced 5.5% after launching the Leapmotor A10. The A10 starts at RMB65,800.
- XIAOMI-W (01810.HK) gained 1.7%, and LI AUTO-W (02015.HK) added 2.8%.
- PONY-W (02026.HK) plunged 13.5% after widening its 2025 non-GAAP loss. Peer WERIDE-W (00800.HK) rallied 4%.
- ZHONGSHENG HLDG (00881.HK) swung to a loss of over RMB1.67 billion last year. Its shares, however, jumped 8.8%.
Commodities and other sectors
Lithium producers posted solid gains amid robust demand. Investors favored battery-material names.
- TIANQI LITHIUM (09696.HK) rose 4.6%.
- GANFENGLITHIUM (01772.HK) advanced 7.7%.
Macro snapshot
China’s one-year Loan Prime Rate for March 2026 remained at 3.00%. That matched market expectations.
Separately, analysts cut near-term growth forecasts. Goldman Sachs trimmed China 2Q real GDP growth to 4% and nudged up full-year inflation forecasts.
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