The HSI opened 40 points or 0.2% lower at 19,623. The HSCEI opened down 21 points or 0.3% at 7,061. The HSTECH slipped 22 points or 0.5% to 4,372 at open.

BABA-W (09988.HK) issued US$2.65 billion and RMB17 billion senior unsecured notes for debt repayment and share buybacks. Its stock price opened 0.5% lower at $84.8. WB-SW (09898.HK) saw a 13% increase in 1-3Q net profit, elevating its stock price by 4.5% at open. KINGSOFT (03888.HK) opened rallying 2.7% as its 3Q net profit surged 13.5 times. KINGSOFT CLOUD (03896.HK) deepened its 3Q loss to RMB1.057 billion, sinking its stock price by 2.8% at open.

Among other tech stocks, TENCENT (00700.HK) opened 0.5% higher at $408.2. MEITUAN-W (03690.HK) opened flat at $171.9. XIAOMI-W (01810.HK) opened down 1.4%, while JD-SW (09618.HK) and BIDU-SW (09888.HK) opened less than 1% lower.

As for car stocks, XPENG-W (09868.HK) narrowed its 3Q non-GAAP net loss to RMB1.53 billion and plans to launch at least four new models next year, yet its stock price still opened 4.5% lower at $49.6. GEELY AUTO (00175.HK) and NIO-SW (09866.HK) slid 1.5% and 2% respectively at open.

TONGCHENGTRAVEL (00780.HK) reported a 56% growth in 3Q net profit. Its stock price opened up 0.7% at $17.82. ZTO EXPRESS-W (02057.HK) logged a 2% rise in 3Q net profit and lowered its full-year parcel volume forecast. Its stock price shed 2.2% at open. HKBN (01310.HK) indicated that China Mobile Hong Kong might propose a cash acquisition offer, and its stock price opened 12.3% higher at $4.84.
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AAStocks Financial News
Web Site: www.aastocks.com

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