Hong Kong stock market opened higher Tuesday. The Hang Seng Index (HSI) rose by 0.72%, the Hang Seng China Enterprises Index (HSCEI) increased by 0.74%, the Hang Seng Tech Index (HSTECH) climbed by 1.31%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) went up by 0.68%.

In terms of industry sectors, the property management sector saw significant gains. The Hong Kong property management stocks rose by 5.44%, with notable performers including CG SERVICES up 9.94%, SUNAC SERVICES up 2.76%, and A-LIVING up 3.62%. The internet healthcare sector also showed positive movement, with JD HEALTH rising by 1.43% and ALI HEALTH increasing by 1.58%. The semiconductor sector saw gains as well, with SMIC up 1.32%.

TRIP.COM-S shares gained 4.5%. Trip.com Group reported quarterly earnings of $1.25 per share which beat the analyst consensus estimate of $0.91 by 37.36 percent. This is a 25 percent increase over earnings of $1.00 per share from the same period last year.

NIO-SW increased by 4%. NIO Inc is expected to report a loss of CNY 2.16 per share in its upcoming earnings release on November 20, but is anticipated to show a rise in quarterly revenue for the period ending September 30, 2024.

TENCENT rose by 0.59%. Tencent Holdings repurchased 1.73 million shares on November 18, costing approximately HKD 703 million, with the repurchase price ranging from HKD 401.8 to HKD 412.8 per share.

BILIBILI-W rose by 2.34%. Barclays raised the price target for Bilibili shares from USD 19.00 to USD 24.00 per share and maintained an overweight rating, indicating a positive outlook for the stock.