HSI Starts 5 Points Up as Gold Mining Stocks Thrive; SMIC Rises Over 2%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2025
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Source: aastocks
Market Performance: The HSI rose slightly by 0.02% to 25,780, while the HSCEI and HSTECH also saw minor gains of 0.09% and 0.07%, respectively.
SMIC Price Hike: SMIC implemented a 10% price increase on some production capacity, leading to a 2.1% rise in its share price, making it the top-performing blue chip.
Tech Sector Trends: Major tech stocks like Tencent and Alibaba experienced declines, with Tencent dropping 0.7% and Alibaba losing 0.1%, despite Alibaba's new AI education initiative.
Gold Market Surge: Gold futures surpassed $4,500, benefiting gold mining companies like Zhaojin Mining and Zijin Mining, which saw share price increases of 1.4% and 1.3%, respectively.
Analyst Views on 00700
Wall Street analysts forecast 00700 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00700 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 622.000
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Current: 622.000
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About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





