Hong Kong stocks ended mixed on October 12, with the three major indices showing divergent performance.

At the close, the Hang Seng Index rose 0.25% to 24,271.20, the Hang Seng Tech Index fell 0.67%, and the China Enterprises Index gained 0.25%.

On the board, internet sector stocks traded mixed, with Xiaomi dropping over 5%, while NetEase and JD.com rose over 2%.

Mainland bank stocks strengthened, with China Merchants Bank rising over 3%.

Automotive stocks partially advanced, with Seres surging over 15%.

The optical communication sector declined, with Zhongji Innolight falling over 7%.

Mainland Bank Stocks Strengthen, China Merchants Bank Up Over 3%

As of now, 21 A-share banks have disclosed their 2026 interim dividend plans, with total proposed payouts exceeding 260 billion yuan, of which 15 banks increased their dividend ratios compared to last year.

The six major state-owned banks have uniformly raised their cash dividend payout ratios from 30% to 31%, with total proposed payouts exceeding 220 billion yuan, accounting for more than 80% of the total.

Automotive Stocks Partially Rise, Seres Surges Over 15%

According to reports, AITO plans to enter the European market in 2027, and the WVTA EU whole vehicle type approval work has been fully launched.

Meanwhile, at the 2026 Paris Motor Show, AITO will showcase multiple SUV models including the AITO 6, AITO 7, AITO 8, and AITO 9 at once.

This marks the first time AITO has presented a complete product matrix at an overseas auto show.

Optical Communication Sector Declines, Zhongji Innolight Falls Over 7%

Citi released a research report stating that over the past two weeks, it met with more than 60 European and American institutional investors and found that US investors are mainly focused on AI optical development.

Due to concerns about potential FCC restrictions, they currently prefer American optical companies over Chinese ones.

Previously, a research report released by Morgan Stanley during the National Day holiday sparked market speculation that the FCC (US Federal Communications Commission) may impose restrictions starting from 3.2T optical modules, requiring US content value to exceed 65% for approval.