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HK Stocks: Hang Seng rises 47 points in half-day trading, Baidu surges 11%, while metal and coal industry stocks decline.
Fed Chairman Powell's comments lacked novelty, and the market continues to wait for US inflation data. China's June annual inflation rate was 0.2%, lower than expected. The Hong Kong stock market opened higher, with the Hang Seng Index up 90 points and rising 242 points to 17,765 points in the first half, then narrowing its gains. At midday, it rose 47 points or 0.3% to 17,570 points; the national index rose 16 points or 0.3% to 6,291 points; and the Hang Seng Tech Index rose 26 points or 0.7% to 3,627 points. The total turnover of the stock market at midday was HKD 57.77 billion, with a net inflow of RMB 1.592 billion and RMB 0.637 billion in southbound trading of the Shanghai and Shenzhen-Hong Kong Stock Connect.
Hong Kong stocks fluctuate | Weimob Inc (02013) is now up more than 4%, teaming up with Avita to explore autos marketing. Institutions are bullish on the company benefiting from the increase in video.
Shares of Weimob Inc (02013) are up more than 4%. As of press time, they have risen 3.57% to HKD 1.45, with a trading volume of HKD 14.1293 million.
Hong Kong stock market anomaly | Weimob Inc (02013) rose more than 5%, joining forces with Tencent Advertising to boost the overall growth of trinket brands, benefiting from the bonus of video numbers.
Weimob Inc (02013) rose more than 5%, as of press time, up 5.15%, at HKD 1.43, with a turnover of HKD 25.05 million.
Hang Seng Index fell 373 points, Xiaomi and Nongfu Spring both dropped 7%, and domestic demand stocks came under pressure.
Asian currencies are under pressure, and the central parity rate of the yuan hit a seven-month low. According to a report by Morgan Stanley, mutual and hedging funds have seen outflows from Chinese concept stocks this month. The Hang Seng Index settlement day fell, opening low at 143 points and further widening the decline. In the afternoon, it fell by 412 points to a low of 17,677 points and closed down 373 points or 2.1% at 17,716 points; the National Index fell by 153 points or 2.4% to close at 6,324 points;The Hang Seng Tech Index fell by 100 points or 2.7%, closing at 3,588 points. The total turnover of the market was HKD 104.225 billion for the day, and there was a net inflow of RMB 3.151 billion and HKD 2.45 billion in southbound trading through the Shanghai and Shenzhen Stock Connect.
Express News | Weimob Marketing launches the "Ten Million Talents Growth Plan" to expand the commercial operation panorama of video accounts.
Express News | Weimob Inc: releasing enterprise-level AI large model application product WAI Pro.
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