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This week's Hong Kong stock market bulls | The escalation of the situation in the Middle East has driven oil and gas stocks to surge, with SINOPEC SSC rising 25% on Friday; pharmaceutical stocks are performing well, with LUYE PHARMA increasing over 33% du
This week, the Hang Seng Index has risen by 0.42%, closing at 23,892.56 points; during the same period, the Hang Seng TECH Index has decreased by 0.89%, closing at 5,239.71 points; the Hang Seng China Enterprises Index has risen by 0.3%, closing at 8,655.33 points.
Hong Kong stocks moved suddenly | Chip stocks plummeted in the afternoon, HUA HONG SEMI (01347) dropped over 4%, Semiconductor Manufacturing International Corporation (00981) fell over 3%.
Chip stocks plummeted in the afternoon. As of the time of writing, HUA HONG SEMI (01347) fell by 3.69%, priced at 31.3 HKD; SOLOMON SYSTECH (02878) dropped by 3.33%, priced at 0.435 HKD; Semiconductor Manufacturing International Corporation (00981) decreased by 2.72%, priced at 41.1 HKD; SHANGHAI FUDAN (01385) went down by 2.51%, priced at 29.1 HKD.
CICC: The abundance of funds in the Hong Kong stock market and the scarcity of Assets.
CICC believes that the "abundance of funds" due to excessive liquidity and the "lack of assets" with limited returns will inevitably lead to overall Index trends being difficult to find, resulting in range-bound fluctuations, while structural market trends will flourish. Currently, the overall macro and market environment in China still needs repair but has structural highlights that are more favorable for Hong Kong stocks. This is because whether it is providing stable returns through dividends, or representing the mainline of structural opportunities such as new consumption, AI Technology, or even innovative drugs, Hong Kong stocks have a greater advantage, which also explains the outperformance of the Hong Kong stock market.
People's Daily front page interview with Ren Zhengfei: How to view Asia Vets and chips.
Recently, at Huawei's headquarters in Shenzhen, a group of reporters from the People's Daily had a face-to-face discussion with Huawei's CEO Ren Zhengfei about some hot Topics of public concern.
Express News | The semiconductor sector is showing strength, with Nawei Semiconductor rising nearly 20%, AMD, Intel, and Qualcomm increasing over 4%, Micron Technology up more than 3%, and NVIDIA and Taiwan Semiconductor gaining nearly 2%.
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%.
