Hong Kong Stocks Midday Review | Hang Seng Index drops 0.93% in the morning, new stock listings perform remarkably well

MaticHoleFiller · 2026-04-01T19:43:16+00:00

The Hong Kong Hang Seng Index fell 0.93%, with healthcare technology stocks performing strongly, such as DeShi-B and Jishi Perspective both surged significantly. The concept stocks Xuncechuang reached a new high. Power stocks declined across the board, as rising thermal coal prices affected corporate profits. Muyuan Foods and Weigao Group experienced declines due to poor performance.

MaticHoleFiller

2026-04-01 19:43:16

Abstract generation in progress

Hang Seng Index in Hong Kong stocks fell 0.93%, down 232 points, to 24,719 points; the Hang Seng Tech Index fell 1.7%. Trading in Hong Kong stocks in the morning totaled HK$154.8 billion.

“First stock” of medical imaging large model platform, Desai-B (02526), was officially listed for trading; at midday it rose 104%. Jushi Vision (06636) was listed for the first time and jumped 108% in the morning; the company focuses on AI computer vision algorithm marketplaces. Huyan Robotics (01021) rose more than 15%.

The “token first stock” Xunce (03317) rose more than 10% to a new high. Revenue doubled last year, and the turning point in profitability has been officially established.

Fei Chang Optical Fiber & Cable (06869) rose more than 12% after results; in the fourth quarter, net profit increased by more than 230% year over year. Prices in the optical fiber and cable industry were raised significantly.

Yadea Holding (01585) rose more than 5%. Multibrand electric two-wheelers are planning to raise prices next month; rising oil prices are a catalyst for improving electric motorcycle penetration in Southeast Asia.

BrightGene (06699) rose 11%. For the full year, adjusted net profit increased by nearly 63% year over year, reaching total case numbers of over 532,400.

Rongchang Biotech (09995) rose more than 6%. The company turned a loss into a profit for the full year, earning over RMB 700 million. Revenue surged by nearly 90% year over year.

Goldwind Technology (02208) rose more than 9%. For the full year, pure profit grew by 49.12% year over year. Turbine gross margin rebounded significantly.

InSilico Medicine (03696) rose 4%. It announced that it has reached an agreement with Eli Lilly for a maximum cooperation amount of approximately US$2.75 billion.

Power stocks fell across the board. Thermal coal prices hit a new intrayear high and may directly impact the profitability of thermal power companies. China Power International (01071) fell 6.08%; Longyuan Power (00916) fell 4%.

Shoucheng Holdings (00697) fell more than 5%. For the full year, it achieved net profit of HK$310 million, and it plans to pay a final dividend of 0.47 HK cents.

Muyuan Co., Ltd. (02714) fell 5.7% after results. The share price hit a new low since listing, and lower pig prices dragged down full-year net profit, which fell by more than 13%.

Weigao Group (01066) plunged more than 14% after results. Full-year net profit fell 22%. Institutions said profits were lower than market expectations.

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