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Hang Seng Index rose 623 points to reach a high of more than two and a half years, with healthcare and chip stocks surging.
Hong Kong stocks continued to rise due to the stimulus from csi china mainland financials index. The Hang Seng Index opened 98 points lower, initially falling 288 points to a low of 21,824 points before reversing and reaching a high of 22,742 points, the highest in over two and a half years, closing at 22,736 points, up 623 points or 2.8%; the China Enterprises Index rose 242 points or 3.1%, closing at 8,156 points; the Hang Seng Tech Index rose 248 points or 5%, closing at 5,227 points. The total daily turnover in the market was 261.526 billion yuan. Chip stocks followed with Semiconductor Manufacturing International Corp (00981.HK) and Hangzhou Silan Microelectronics (01347.HK) rising by 29% and 30% respectively. As for other technology stocks, Alibaba (09988.
[Brokerage Focus] HTSC believes that Android phone sales have bottomed out and stabilized, continuing to be bullish on the fruit chain benefiting from Apple's AI interaction upgrade.
Jingu Financial News | HTSC issued a research report stating that the fundamentals of consumer electronics are stabilizing and improving. In terms of the Android industry chain, according to IDC, global 2Q24 smart phone shipments reached 0.285 billion units, a year-on-year growth of 6.49%. The bank expects a 5% year-on-year growth in global Android phone shipments in 2024, with the overall industry chain stabilizing. GUI and other AI interactive features are expected to gradually be implemented. Hong Kong stocks targeted include Xiaomi Group (01810), Sunny Optical Technology (02382), and Q Tech (01478). In terms of the Apple industry chain, the bank noticed that the Apple IOS system has been continuously upgraded since October, with AI
Hong Kong stock market anomaly | The mobile industry chain rose across the board in the morning market. Android stabilizes, benefiting from the upgrade of Apple's AI. Quest 3S is expected to promote the recovery of the MR market.
Early trading in the mobile industry chain, as of the time of publication, q tech (01478) rose by 7.9%, closing at 5.6 Hong Kong dollars; fih (02038) rose by 5.43%, closing at 0.97 Hong Kong dollars; byd electronic (00285) rose by 4.19%, closing at 33.55 Hong Kong dollars; Sunway Optoelectronics (02382) rose by 3.92%, closing at 59.7 Hong Kong dollars; aac tech (02018) rose by 3.97%, closing at 32.75 Hong Kong dollars.
Hong Kong-listed apple supplier stocks strengthened, q tech rose more than 10%.
Gelonghui on October 4th | q tech rose more than 10%, sunny optical, byd electronic rose nearly 6%, aac tech rose more than 4%, and fujian kang rose more than 3%.
Hong Kong stock market midday review | Hong Kong stocks continue to rise, the Hang Seng Index rose nearly 1%, temporarily recording its 9th consecutive rise; Xiaomi rose nearly 4%, with its stock price hitting a three-year high; electrical utilities stock
Network technology stocks weakened, Xiaomi Corporation-W up 3.87%, jd.com-SW up 1.95%; Electric power stocks performed well, cgn power up 5.94%, huaneng power up 4.46%; Apple supplier stocks rose, aac tech up 4.75%, byd electronic up 2.62%;
HK stocks are active. Apple suppliers are rising. iPhone sales expectations for new products are stable. Apple may release new products next month.
Apple supplier stocks rose across the board, as of press time, aac tech (02018) rose 5.81% to HKD 30.05; q tech (01478) rose 2.65% to HKD 4.64; byd electronic (00285) rose 2.43% to HKD 27.4.
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