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Hong Kong market quick view | The three major Indexes closed higher, with the Technology Index slightly up by 0.88%. Network Technology stocks rose, with Xiaomi Group increasing by nearly 2%; Gold stocks were mixed, with Zijin Gold dropping by nearly 10%.
Network Technology stocks are rising, XIAOMI-W is up 1.89%, Alibaba is up 1.55%; shipping and port stocks are higher, TSMC Shipping is up 35.68%, COSCO SHIP PORT is up 3.43%; bank stocks have increased, China Construction Bank Corporation is up 3.34%, Industrial And Commercial Bank Of China is up 2.82%.
Quick look at the Hong Kong market | All three major Indexes rose, with the Tech Index up by 2.78%; new consumption and Rare Earth Metals concepts were strong, with Bloks Group rising over 22%, and CHINA RAREEARTH increasing by 60%.
Network Technology stocks rose, KUAISHOU-W increased by 5.58%, MEITUAN-W rose by 4.73%; Digital Health stocks climbed, Dingdang Health increased by 14.29%, ZA ONLINE increased by 5.49%; Semiconductor stocks performed well, SOLOMON SYSTECH increased by 8.43%, BeiKe Wei rose by 6.55%.
Hong Kong Stock Midday Review | All three major indices rose, with the Hang Seng Index returning above 24,000 points; new consumption and CNI Biomedicine Index stocks performed strongly, with Bloks Group rising over 18% and WUXI BIO rising over 5%.
Network Technology stocks rose, KUAISHOU-W increased by 5.58%, and MEITUAN-W rose by 5.15%; biotechnology stocks generally rose, GENSCRIPT BIO increased by 14.09%, and Cloud-top New Material rose by 11.33%; Nonferrous Metals stocks weakened, ZHAOJIN MINING fell by 6.02%, and SD GOLD dropped by 5.59%.
Hong Kong stock mid-term review | All three major Indices rose, with the Technology Index up 0.92%; most technology, Apple Concept stocks increased, with Kuaishou rising over 4% and COWELL rising over 5%.
Most Network Technology stocks rose, with KUAISHOU-W up 4.34% and MEITUAN-W up 2.63%; Semiconductor stocks performed well, with HUA HONG SEMI rising 2.77% and Semiconductor Manufacturing International Corporation up 2.10%; Shipping and port stocks weakened, with OOIL down 5.28% and PACIFIC BASIN down 2.55%.
Quick look at the Hong Kong market | All three major Indexes fell, with the Hang Seng Index down 1.87%, ending an 8-day rising streak, Network Technology stocks corrected, with Meituan down nearly 5%; Autos stocks were sluggish, with NIO down over 5%.
Network Technology stocks fell broadly, with MEITUAN-W down 4.91% and KUAISHOU-W down 4.62%; Lithium Battery stocks declined overall, with BYD Electronics down 7.11% and BYD Company down 4.76%; Autos stocks also dropped, with XPeng Inc. down 5.35% and NIO Inc. down 5.17%.
Hong Kong Stock Market Midday Review | All three major Indexes fell, with the Tech Index down 2.99%; Network Technology stocks corrected, with Xiaomi and Meituan dropping over 4%; Apple Supplier stocks weakened, with BYD Electronics falling nearly 6%.
Network technology stocks corrected, XIAOMI-W fell by 4.25%, MEITUAN-W dropped by 4.08%; semiconductor stocks weakened, Semiconductor Manufacturing International Corporation fell by 4.27%, HUA HONG SEMI decreased by 3.94%; Lithium battery stocks saw many downtrends, BYD Electronics fell by 5.67%, BYD Company limited dropped by 3.18%.
