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.
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