Hong Kong Stock Market Midday Review: Hang Seng Index closed up 1.44%, the broader market briefly surpassed the 27,000-point level again.

Last Friday, all three major U.S. stock indices performed strongly. The Hong Kong stock market opened higher and continued to rise today. The Hang Seng Index opened up 422 points at 26,982 points, but the gains narrowed to 319 points at one point, reaching a low of 26,879 points. The market rebounded during trading, rising by 514 points to reach a high of 27,074 points, surpassing the 27,000-point level again. By the midday close, the Hang Seng Index was up 1.17%, and the technology index was up 1.02%. The turnover of the broader Hang Seng Index market reached HKD 136.25 billion. In terms of sectors, optical communication, photovoltaic equipment, and wind power stocks led the gains; mainland property stocks saw unusual upward movements, while semiconductor stocks remained strong. On the other hand, new consumer concept stocks, telecommunications, home appliances, and oil stocks showed weakness. Regarding individual stocks, Innovent Bio (01801.HK) rose nearly 6%; Pop Mart (09992.HK) increased by over 5.7%; China Life (02628.HK), Longfor Group (00960.HK), Zijin Mining (02899.HK), and Huahong Semiconductor (01347.HK) all rose more than 5%. Meanwhile, Kuaishou (01024.HK) dropped more than 4.2%, and both China Telecom (00728.HK) and China Mobile (00941.HK) fell over 1.5%.