Hong Kong stocks rose strongly in midday trading, with the technology index up more than 2%; auto, nonferrous metals, and apple supplier concept stocks rose together, q tech rose more than 24%, and xpeng rose more than 10%.
In the morning session of Hong Kong stock market, the three major indices performed strongly, with Hang Seng Tech Index leading the way with a surge of 2.5% at one point, and closing up 2.04% at noon. Hang Seng Index and National Index rose by 1.54% and 1.44% respectively, with Hang Seng Index approaching the 18,000 level during the session.
Midday Review | The gains of the three major Hong Kong stock indices narrowed, and the technology index rose by about 1.3%; Network technology stocks rose, and Baidu Group rose nearly 11%.
Auto stocks performed well, with Evergr Vehicle rising by over 7% and Great Wall Motor rising by nearly 5%; insurance stocks rose across the board, with China Life Insurance, China Taiping, and Ping An Insurance all rising by over 2%.
The first hearing was held by the Hong Kong Regional Court for 18 defendants in three social media 'pump and dump' cases.
On July 9th, the Hong Kong regional court held its first hearing on the highly organized large-scale social media case 'Sing High Bulk', which was previously transferred from the court of justice and involves 18 defendants (including the suspected mastermind).
Foreign institutions are bullish on Chinese assets, and these symbols are worth paying attention to.
Strategists believe that there are clear signs of economic recovery in China, which is bullish for the company's performance and further supports its valuation.
Intraday quick overview | The Science Index rose more than 1% to reach the 4,000 mark; port transport stocks were strong, and COSCO Marine Control rose more than 6%
Water stocks soared across the board. China Water Services rose more than 9%, Beijing Water Group rose more than 8%; high-speed rail infrastructure stocks collectively rallied, CRRC rose more than 9%, and Times Electric rose nearly 7%.
Overview of the Hong Kong market | The Science Index and China Index fell slightly; Chinese brokerage stocks and heavy infrastructure stocks fell, Huatai Securities fell more than 5%, and China Railway fell nearly 6%
Many shares of Science and Technology Network declined; Jingdong fell nearly 3%, and Meituan fell nearly 2%; many shares of home appliances rose, Haier Smart Home rose nearly 8%, and Hisense Home Appliances rose more than 7%.