Image Source: rthk
Hong Kong stocks continued their upward momentum, with the Hang Seng Index opening up 543 points (+2.6%), at 21,175 points; the National Index opened up 199 points (+2.7%), at 7,499 points; and the Hang Seng Tech Index opened up 195 points (+4.4%), at 4,648 points. Property stocks such as Longfor (00960.HK) and Yuexiu Property (00123.HK) opened up 15% and 14% respectively, benefiting from the Ministry of Housing's support for first-tier cities.
Shanghai supports car trade-ins, with Xiaopeng (09868.HK) and Li Auto (02015.HK) opening up 7.4% and 5.3%. A subsidiary of NIO (09866.HK) secured a strategic investment of 3.3 billion yuan, with its stock price opening up 15%. In the tech sector, Alibaba (09988.HK), JD.com (09618.HK), and Kuaishou (01024.HK) opened up between 4.9% and 5%.
Additionally, Tencent (00700.HK) opened up 2.7% due to new game licenses. Financial stocks such as HKEX (00388.HK) and AIA (01299.HK) opened over 5% higher. Consumer stocks including Tongcheng Travel (00780.HK) and Mengniu (02319.HK) also opened more than 5% higher. WuXi Biologics (02269.HK) opened up 9.5%.
China's assets explosion and the high record global capital influx hit
Hong Kong Stocks Surge, Hang Seng Index Opens Up 543 Points
China's bailout policy triggers LVMH and Hermès to rise nearly 10%
Will policies boost confidence and the A-share market live up to expectations?
Check whenever you want
WikiStock APP