US markets were closed on Thursday for the Thanksgiving holiday.
On Friday, markets will operate on a shortened schedule, closing three hours early at 2:00 AM Beijing time the next day.
Hong Kong Markets >>
Hong Kong stocks were mixed at midday. Tech shares were mostly lower, with Xiaomi down more than 0.5 percent, while JD.com gained nearly 1 percent.
Gold miners broadly strengthened, with Zhongjin Lingnan rising over 5 percent.
Goldman Sachs reiterated its bullish view on gold, projecting gold prices could reach 4,900 dollars per ounce by the end of 2026, supported by strong central bank buying and expected Fed rate cuts. The bank notes that if private investors shift further into gold, prices could rise even more aggressively.
Innovation-drug names opened higher but retreated, with WuXi AppTec down more than 3 percent.
CITIC Securities highlighted three ongoing trends in the sector:
• Deepening globalization with 2025 license-out deals hitting record levels
• Strong policy support including improved reimbursement negotiations
• Continuous breakthroughs in ADCs, dual-IO therapies, GLP-1 weight-loss drugs, and small-RNA medicines
Market Snapshot:
Hang Seng Index: −0.24 percent, 25,884.42
Hang Seng Tech Index: +0.11 percent, 5,603.94
China Enterprises Index: −0.22 percent, 9,144.84
A50 >>
Mainland A-shares opened weak but rebounded through the morning.
At midday:
• Shanghai Composite: +0.21 percent, 3,883.46
• Shenzhen Component: +0.72 percent, 12,967.66
• ChiNext Index: +0.71 percent, 3,052.87
• STAR 50 Index: +1.14 percent, 1,325.59
Turnover for the half-day session came in below 1 trillion yuan, with over 3,500 stocks advancing.
Active sectors included titanium dioxide, dairy, and semiconductors, while flu-related names corrected.
Market Snapshot:
Shanghai Composite: +0.21 percent, 3,883.46
Shenzhen Component: +0.72 percent, 12,967.66
ChiNext Index: +0.71 percent, 3,052.87
Risk Disclosure
Securities, Futures, CFDs and other financial products involve high risks due to the rapid and unpredictable fluctuation in the value and prices of these underlying financial instruments. This unpredictability is due to the adverse and unpredictable market movements, geopolitical events, economic data releases, and other unforeseen circumstances. You may sustain substantial losses including losses exceeding your initial investment within a short period of time.
You are strongly advised to fully understand the nature and inherent risks of trading with the respective financial instrument before engaging in any transactions with us. When you engage in transactions with us, you acknowledge that you are aware of and accept these risks. You should conduct your own research and consult with an independent qualified financial advisor or professional before making any financial, trading or investment decisions.
Disclaimer
This information contained in this blog is for general informational purposes only and should not be considered as financial, investment, legal, tax or any other form of professional advice, recommendation, an offer, or an invitation to buy or sell any financial instruments. The content herein, including but not limited to data, analyses and market commentary, is presented based on internal records and/or publicly available information and may be subject to change or revision at anytime without notice and it does not consider any specific recipient’s investment objectives or financial situation. Past performance references are not reliable indicators of future performance.
D Prime and its affiliates make no representations or warranties about the accuracy or completeness of this information and disclaim any and all liability for any direct, indirect, incidental, consequential, or other losses or damages arising out of or in connection with the use of or reliance on any information contained in this blog. The above information should not be used or considered as the basis for any trading decisions or as an invitation to engage in any transaction.
D Prime does not guarantee the accuracy or completeness of this report and assumes no responsibility for any losses resulting from the use of this report. Do not rely on this report to replace your independent judgment. You should conduct your own research and consult with an independent qualified financial advisor or professional before making any financial, trading or investment decisions.
