Futu News on August 7th, Hong Kong stocks opened high and rose, with all three major indexes up more than 1%. As of press time, Hang Seng Index rose 1.26%, Hang Seng China Enterprises Index rose 1.41%, and Hang Seng Tech Index rose 1.44%. In terms of sectors, Japan ETF rose strong, ChinaAMC MSCI Japan Hedged to USD ETF increased nearly 7%, GX Japan Global Leaders up more than 6%, and Southern Nikkei 225 up more than 4%. Education stocks performed well, with China East Education up more than 7%, Alli International Ed Le and Tianli International Holding up nearly 6%, and China Edu Group up more than 5%. Photovoltaic solar energy stocks rose, with Fuyao Glass up more than 6%, GCL NewEnergy up more than 3%, Xinyi Energy and Xinte Energy up more than 2%. Coal industry stocks were active, with Shougang Res up nearly 5%, Yancoal Aus up more than 4%, and China Shenhua Energy, China Coal Energy up nearly 3%. New Oriental completed the delisting and went private, rising more than 6%, and the company is expected to build a new valuation system. $Hang Seng Index (800000.HK)$rose 1.26%,$Hang Seng China Enterprises Index (800100.HK)$rose 1.41%,$Hang Seng TECH Index (800700.HK)$rose 1.44%.
In terms of sectors, Japan ETF rose strong, ChinaAMC MSCI Japan Hedged to USD ETF increased nearly 7%, GX Japan Global Leaders up more than 6%, and Southern Nikkei 225 up more than 4%.
The components of the Science and Technology Index rose across the board, with Weibo up nearly 7%, Eastbuy up more than 5%, Ctrip Group up nearly 4%, and Tongcheng Travel up more than 3%.
Education stocks performed well, with China East Education up more than 7%, Alli International Ed Le and Tianli International Holding up nearly 6%, and China Edu Group up more than 5%,
Photovoltaic solar energy stocks rose, with Fuyao Glass up more than 6%, GCL NewEnergy up more than 3%, Xinyi Energy and Xinte Energy up more than 2%.
Coal industry stocks were active, with Shougang Res up nearly 5%, Yancoal Aus up more than 4%, and China Shenhua Energy, China Coal Energy up nearly 3%.
In terms of individual stocks,$EAST BUY (01797.HK)$Once up more than 8%, New Oriental completes the withdrawal of shares with Huitongxing, and the company is expected to build a completely new valuation system.
$FUYAO GLASS (03606.HK)$rose more than 5%, with both product volume and price rising in the first half of the year, and second-quarter net profit increasing by 52% compared with the previous quarter.
$YOFC (06869.HK)$rose more than 10% in intraday trading, as Lumen received a $5 billion order for AI-related products and overnight US stocks rose by 90%.
$ZAI LAB.HK$ rose more than 7%, with second-quarter net revenue from its products increasing by 45% year on year and cash reserves exceeding $700 million.
$TECHTRONIC IND (00669.HK)$rose nearly 3% after reporting a first-half net profit attributable to shareholders of $550 million. This represents a 15.7% year-on-year increase.
Editor/Lambor
