Futu News reported on May 20 that the three major indices of Hong Kong stocks rose sharply. As of midday trading, the Hang Seng Index rose 0.49%, the Science Index rose 0.61%, and the China Index rose 0.42%.
By the midday close, Hong Kong stocks had risen by 1108, down 751, and closed by 1102.
On the sector side, TechNet shares had mixed ups and downs. JD rose more than 3%, Bilibili rose more than 2%, NetEase and Kuaishou rose nearly 2%; Baidu fell nearly 3%, Meituan fell more than 1%, Xiaomi fell 1%, and Tencent and Ali fell slightly.
Auto stocks rose one after another. Xiaopeng Motors rose nearly 8%, Zero Sports Auto and Geely Auto rose more than 5%, Ideal Auto rose more than 3%, and BYD shares rose more than 2%.
Gold stocks generally rose. Lingbao Gold rose more than 10%, China Gold International rose nearly 69%, and Zijin Mining, Shandong Gold, and Zhaojin Mining rose more than 3%.
Copper stocks rose sharply; Wanguo International Mining rose more than 7%, Minmetals Resources rose more than 6%, China's nonferrous mining industry rose nearly 6%, and Jiangxi Copper shares rose more than 5%.
Gaming stocks strengthened, with Galaxy Entertainment up nearly 5%, Aobo Holdings up more than 4%, Sands China up nearly 3%, and MGM China up nearly 2%.
On the other side, most aviation stocks, paper stocks, petroleum stocks, and lithium battery stocks showed an upward trend; home appliance stocks, high-speed rail infrastructure stocks, and telecommunications stocks were generally weak.
In terms of individual stocks,$CHI SILVER GP (00815.HK)$With an increase of over 49%, spot silver stood at $32 and became one of the best-performing major commodities this year.
$XPENG-W (09868.HK)$It rose nearly 8%, revealing that new products will be released in the second half of the year.
$SENSETIME-W (00020.HK)$With an increase of more than 9%, demand for AI terminals and multi-modal large models is expected to drive business growth beyond expectations.
$AINNOVATION (02121.HK)$With an increase of nearly 8%, intelligent manufacturing accelerated, and the company previously upgraded its multi-modal industrial model.
$CHINA EAST AIR (00670.HK)$It rose more than 4%, leading the way in airline stocks, and increased immigration popularity catalyzed the resumption of international routes.
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Edit/Cynthia