Zhitong Financial APP learned that Hong Kong stocks rebounded sharply after the false alarm. By the close, the Hang Seng Index was up 1.17% at 28487.24, the state-owned enterprises index was up 1.77% at 11558.35, and the red chip index was up 1.41% at 4395.4. The turnover in the market is 96.722 billion Hong Kong dollars.
The quota of southward connection between Shanghai and Hong Kong is 10.5 billion yuan, with a surplus of 9.667 billion yuan, inflow of 833 million yuan. Shenzhen-Hong Kong links southward quota of 10.5 billion yuan, the remaining 9.996 billion yuan, inflow of 504 million yuan.
In the plate, the top three increases were chemical fertilizers, pesticides, publishing, and other metals, up 8.5%, 6.47% and 4.78% respectively, while jewelry, watches and clocks, textile products and toys fell by 0.95%, 0.78% and 0.32%, respectively.
Blue chip stocks rose, with Ping An Insurance (02318), China Mengniu Dairy (02319) and China Merchants Port (00144) rising 3.79%, 3.6% and 3.1%, respectively.
In terms of individual stocks, the top three gainers were Enda Group Holdings (01480), Greater China Group (00141) and China Investment Fund Corporation (00612), up 55.56%, 24.5% and 24.43% respectively. The top three declines were China Huaren Medical (00648), Taiping blanket (00146) and China Development Holdings (00475), down 17.39%, 11.44% and 10.71%, respectively.
The top three gains in Hong Kong stocks were Sinochem (00297), China Molybdenum (03993) and Hua Hong Semiconductor (01347), up 17.76%, 11.99% and 11.73% respectively. The top three declines were Guorui Real Estate (02329), Jiuxing Holdings (01836) and Xtep International (01368), down 5%, 2.92% and 2.66%, respectively.
Hot stocks, Hua Hong Semiconductor (01347) rose 11.73%, Semiconductor Manufacturing International Corporation (00981) rose 6.75%, and Advanced Semiconductor (03355) rose 5.61%. The latest statistics from IC Insights, a research and research institution, point out that thanks to the strong market demand for DRAM and FLASH, the output value of the global semiconductor industry this year will be better than expected, raising the estimated growth rate this year from 16% to 22%, or 6 percentage points.
Xiamen Port (03378) rose 6.67% to quote HK $1.60. Pei Jinjia, member of the standing Committee of the Fujian Provincial CPC Committee and secretary of the Xiamen Municipal CPC Committee, said in Beijing that Xiamen would explore an upgraded version of the free trade pilot zone and strive for the construction of a free trade port.
Real estate stocks rebounded as a whole, with leading stocks China Evergrande Group (03333), Sunac China (01918), Country Garden Holdings (02007) and China Vanke (02202) up 8.05%, 5.06%, 1.46% and 2.29%, respectively.
China Molybdenum (03993) rose 11.99% to quote HK $5.23. Lyon initially rated the stock as a "buy" with a target price of HK $5.6 and is expected to benefit from exponential growth in the electric car market.
According to the market analysis, Hong Kong stocks plummeted on Thursday, but in fact there was no major bad news, and the global stock market was relatively stable. The market generally believes that the sharp fall in Hong Kong stocks is more likely to be the catharsis of market sentiment, while Hong Kong Stock Exchange Capital, one of the main forces in the Hong Kong stock market, seems to have realized that this is an opportunity to quickly "bottom" at the end of the last trading day. After calming down, Hong Kong stocks opened sharply higher this morning, maintaining an "excited" state throughout the day, with the major hot plates and subject stocks rebounding higher. According to the analysis, the fundamentals of establishing the upward cycle for the profits of Hong Kong's leading companies have not changed, and based on the valuation comparison of the global market, the overall valuation of Hong Kong stocks is still cheap, even if the falling space is limited. Southward funds show no signs of withdrawal, and the amount of capital in the market is stable. The results for the next three quarters will also support Hong Kong stocks.