Bullish on the Hong Kong stock market due to the rate cut, waiting for a breakthrough of the 18,500 level.
After ATFX Hong Kong stocks rose for five consecutive days, with a cumulative gain of over 900 points, it opened slightly higher this morning. The September LPR quote was released in the mainland, with one-year and five-year interest rates unchanged. The decline in A-shares widened, and the increase in Hong Kong stocks narrowed to within 200 points at one point. The Hang Seng Index rose 261 points or 1.5% to 18,275 points at midday; the GEM Index rose 92 points or 1.4% to 6,397 points; the Hang Seng Tech Index rose 65 points or 1.8% to 3,717 points. As for technology stocks, Alibaba (09988) rose 2.5%, Tencent (00700) fell 0.4%, and Meituan (03690) rose 1.1% to 135 points.
Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
Express News | Li Auto up 3%, JD.com up 5.9%, NIO up 5.4%
Express News | Alibaba up 4%, PDD Holdings up 3.7%, NetEase up 2.6%, Baidu up 3.2%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close Higher After Fed Rate Cuts
Market Chatter: Midea Group's Hong Kong IPO Seen to Be Largest Since 2021
