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Hong Kong market quick review | The three major indices surged straight up in the afternoon! The Tech Index rose by 5.16%, and the Hang Seng Index increased by nearly 700 points; Apple Supplier and Autos stocks are strong, with BYD Electronics rising by n
Network Technology stocks rose, with JD-SW increasing by 6.39% and KUAISHOU-W rising by 6.15%; Lithium Battery stocks also went up, with BYD Electronics increasing by 13.79% and BYD Company rising by 7.39%; Autos stocks generally increased, with XPENG-W rising by 10.64% and NIO-SW increasing by 7.69%.
Triggered a limit increase! The main contract of the European shipping line surged by 16% in the late trading session, with Hong Kong's shipping stocks collectively strengthening.
① The main contract of the European shipping index surged 16% in the last trading session. What bullish factors are worth paying attention to? ② Hong Kong shipping stocks collectively strengthened. What notable movements are there among individual stocks?
Hong Kong Market Quick Look | The three major indices show mixed results, with the Tech Index down 0.93%; Semiconductors stocks have pulled back, with Semiconductor Manufacturing International Corporation dropping nearly 5%; the Currency ETF has risen, wi
Network Technology stocks declined, with KUAISHOU-W falling by 2.35% and Alibaba-W rising by 1.73%; Hong Kong Retail Stocks rose, with PRADA increasing by 4.92% and CHOW TAI FOOK rising by 3.82%; Digital Health stocks declined, with JD HEALTH falling by 3.15% and ALI HEALTH dropping by 2.16%.
Express News | Some Recent IPOs in the Hong Kong stock market are rising against the trend, with Gu Ming's increase expanding to 10%, Bluco rising over 7%, Dexiang Marine Transportation increasing over 4%, and Mixue Group rising over 2%.
The impact of tariffs on the U.S. has already been seen: truck Transportation volume at the Port of Los Angeles has dropped by 23%, and large-scale layoffs are about to occur.
Due to the impact of tariffs, the volume of goods entering the Port of Los Angeles, the largest port in the United States, has sharply declined. A CEO in the Logistics Industry stated that the truck Transportation volume at the port has decreased by 23% year-on-year, and if the trade war is not resolved, it may drop to 50% in the coming weeks, with truck drivers facing large-scale layoffs. Some media pointed out that the significant decline in Logistics may lead to the collapse of certain parts of the warehousing Industry Chain in Southern California.
Dachang Marine Transportation (02510.HK) reported a revenue increase of approximately 38.5% in the first quarter to about 0.3255 billion USD.
On April 25, Gelonghui reported that Deyang Marine Transportation (02510.HK) announced that the group's revenue increased by approximately 38.5% from about 235 million USD for the three months ending March 31, 2024, to about 325.5 million USD for the three months ending March 31, 2025. This was primarily due to (i) the overall average freight rate increasing by approximately 39.1% from about 558 USD per TEU for the three months ending March 31, 2024, to about 776 USD per TEU for the three months ending March 31, 2025, which was generally consistent with market rate fluctuations; and (ii) the expansion of the group's long-haul routes.