On November 25, 2024, the Hong Kong stock market opened higher. The Hang Seng Index (HSI) rose by 0.40%, the Hang Seng Tech Index (HSTECH) climbed by 0.69%.

In terms of sectors, the restaurant stocks saw a significant rise, with HAIDILAO increasing by 1.74% and YUM CHINA surging by 3.42%. The education sector also performed well, with NEW ORIENTAL-S rising by 2.83% and EAST BUY up by 2.76%. The automotive sector showed notable gains, with XPENG-W soaring by 4.09%, NIO-SW jumping by 4.59%, and GEELY AUTO increasing by 1.87%. The SaaS sector also saw positive movement, with KINGSOFT CLOUD skyrocketing by 12.61% and MOBVISTA rising by 8.80%. However, the popular tech stocks were slightly down, with MEITUAN-W decreasing by 0.72%.

MEITUAN-W fell by 0.72%. The release of the Federal Reserve's November monetary policy meeting minutes, which discussed inflation data, policy stance, and economic outlook, has drawn significant market attention. The market's expectation for the Fed to hold off on rate cuts in December has been rising, contributing to the stock's decline.

KUAISHOU-W rose by 2.03%. The company's recent strategic initiatives and positive market sentiment have contributed to the stock's upward movement.