Hong Kong Stocks Close Higher on April 15; Tech Stocks Rally, Innovative Drug Sector Surges on Policy Support

Gate News message, April 15 — Hong Kong’s three major indices closed mixed on April 15, with the Hang Seng Index rising 0.29% or 75 points to 25,947.32, recording a daily trading volume of HK$245.588 billion. The Hang Seng Enterprises Index gained 0.54% to 8,718.26, while the Hang Seng Tech Index advanced 1.23% to 4,911.79.

Alibaba-W (09988) led blue-chip gainers with a 3.29% surge to HK$128.60, contributing 62.71 points to the Hang Seng Index. The stock’s strength was partly driven by Alibaba Cloud’s announcement on April 15 morning regarding price adjustments for its DDoS protection products, effective July 15. Other notable performers included Lao Fu Gold (06181), up 6.83% to HK$673, and Luokung Technology (01801), up 5.91% to HK$91.40. Conversely, New Oriental-S (09901) fell 5.94% to HK$42.12, while AIA Group (01299) declined 3.62% to HK$83.85.

The innovative drug sector rallied across the board following policy support announced on April 14, when the State Council General Office issued guidance on improving the drug pricing mechanism, introducing 14 measures to optimize pricing for newly launched innovative drugs and strengthen supply stability for shortage drugs. Citi Research highlighted this as the most significant central government guidance on drug pricing since 2015, signaling strong government commitment to supporting domestically competitive pharmaceutical and biotech industries. Rongchang Biotech (09995) surged 9.13% to HK$118.30, China Pharma Holdings (01530) climbed 8.16% to HK$24.92, and Cann American Biotech-B (02162) rose 7.02% to HK$79.30.

Airline stocks rebounded as international oil prices fell sharply on April 14 due to easing Middle East tensions. WTI crude futures dropped 7.87% to $91.28 per barrel, while Brent crude fell 4.60% to $94.79 per barrel. China Eastern Airlines (00670) gained 3.68% to HK$3.94, Air China (00753) rose 2.26% to HK$4.98, and Cathay Pacific Airways (00293) advanced 1.98% to HK$11.82. Commercial aerospace concepts remained active, with Apstar Satellite (01045) up 4.72% to HK$3.55 and China Tech Group (01725) gaining 4.48% to HK$0.70, ahead of the China Space Conference scheduled for April 23–26 in Chengdu. Domestic GPU stocks also performed strongly, with Tientech (09903) rising 7.66% to HK$371 and Biren Technology (06082) advancing 6.71% to HK$38.58, following overnight strength in Nvidia shares.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments