{
  "id": 19315625,
  "title": "Tech gains, oil price falls lift HK, mainland markets",
  "url": "https://urgent.news/2026/11/10/tech-gains-oil-price-falls-lift-hk-mainland-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T09:10:16.000Z",
  "source": {
    "name": "RTHK News - Finance",
    "slug": "rthk-news-finance",
    "url": "https://news.rthk.hk/rthk/en/component/k2/1877260-20261110.htm"
  },
  "original_language": "en",
  "account": "Hong Kong and mainland markets closed higher on Tuesday, buoyed by an overnight rally on Wall Street and falling oil prices. The Hang Seng Index reached 24,557, a 0.4 percent increase, while the tech index rose by 1.1 percent to 4,084. Optical communication firm Zhongji Innolight surged by 9 percent, and Wuxi AppTec climbed up to 5 percent, although it later saw a reduction following its removal from the Pentagon's list of Chinese military companies.\n\nMainland chip companies, Suzhou Denglin Technology and Jiangsu Xinde Semiconductor Technology, made mixed debut trades following their combined HK$2.36 billion initial public offerings. Suzhou Denglin Technology saw a 7.79 percent drop to HK$213, while Jiangsu Xinde Semiconductor Technology surged 28 percent to HK$11.40. Meanwhile, on the mainland, the Shanghai Composite Index increased by just under three points, or 0.08 percent, ending at 3,663. The Shenzhen Component Index rose 96 points, or 0.86 percent, to 11,241, while the ChiNext Index climbed 35 points, or 1.46 percent, to 2,494.\n\nChip supply chain shares across Asia gained, following the Wall Street rally that resulted in the Nasdaq jumping 2.7 percent. The 5G Communication Index increased by 2.6 percent, leading gains on the mainland, while the tech-focused Star50 Index rose nearly 1 percent. Non-ferrous metal shares edged up by 0.1 percent as gold prices rebounded earlier this month due to falling oil prices. The CSI Energy Index fell 2.6 percent, with PetroChina down 6.3 percent.\n\nChina's trade surplus surpassed US$1 trillion in the first ten months, as the global race to build AI infrastructure boosted sales of high-tech products. This led to tighter tensions with major trading partners. In Tokyo, the Nikkei climbed by 1,684 points, or 2.87 percent, to 60,459, continuing its rebound from a tech-led sell-off on Friday as AI-related stocks surged. The broader Topix gained 75 points, or 1.98 percent, reaching 3,893. In Seoul, the Kospi closed up 220 points, or 4.39 percent, at 5,239, a sharp rebound from nine-month lows as chipmakers followed overnight gains in US tech stocks.",
  "summary": "Hong Kong and mainland stocks closed higher on Tuesday, led by AI supply chain shares, as an overnight rally on Wall Street and sliding oil prices lifted risk sentiment across Asia. The benchmark Hang Seng Index closed 108 points, or 0.4 percent, higher at 24,557 on turnover of HK$178.17 billion. The tech index rose 43 points, or 1.1 percent, to 4,084 while the China enterprises index crept five…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}