HSI Opens 95 pts Higher as TENCENT, JD-SW Rise Post-results

Hong Kong stocks opened higher in the morning session, driven by the better-than-expected quarterly results of $TENCENT(00700.HK)$ and $JD-SW(09618.HK)$ . $Hang Seng Index(800000.HK)$ gained 95 points or 0.5% to 18,174. $Hang Seng China Enterprises Index(800100.HK)$ hiked 48 points or 0.8% to 6,252. $Hang Seng TECH Index(800700.HK)$ climbed 43 points or 1.1% to 4,169.

$Tencent(TCEHY.US)$ 's 3Q23 non-IFRS net profit rallied over 39%, beating estimation. $TENCENT(00700.HK)$ 's share price advanced 2.3% to $330.

$JD-SW(09618.HK)$'s 3Q23 non-GAAP net profit increased nearly 6%, beating estimations, and its share price leaped 5.2% to $111.4.

Same series company $JD HEALTH(06618.HK)$ 's 3Q23 non-IFRS operating profit grew 14%, and its share price opened 1.6% higher. $JD LOGISTICS(02618.HK)$ opened 2.9% higher after it swung a loss into a profit of RMB214 million in 3Q23.