Hengke Index rose again by more than 4% in the morning session, with a cumulative increase of over 10% in the past five trading days. As for the constituent stocks, Nio-SW (09866) rose by 8.76% to HK$43.45; jd.com Group-SW (09618) rose by 7.43% to HK$121.5; Meituan-W (03690) rose by 4.52% to HK$138.8; Tencent (00700) rose by 2.01% to HK$395.4.
According to the Wise Finance APP, the Hengke Index rose again by more than 4% in the morning session, with a cumulative increase of over 10% in the past five trading days. As for the constituent stocks, Nio-SW (09866) rose by 8.76% to HK$43.45; jd.com Group-SW (09618) rose by 7.43% to HK$121.5; Meituan-W (03690) rose by 4.52% to HK$138.8; Tencent (00700) rose by 2.01% to HK$395.4.
On the news front, on the morning of September 24, the State Council Information Office held a press conference to introduce the relevant situation of financial support for high-quality economic development. At the conference, Pan Gongsheng, Governor of the People's Bank of China, announced a series of major policies. In addition, the Federal Reserve recently lowered the target range for the federal funds rate to 4.75% to 5%, marking the first rate cut by the Federal Reserve since 2020.
Guosen Securities pointed out that it determines that Hong Kong's internet plus-related sector has clearly bottomed out, and the new stage of the giants' operations shows a general trend of: more focus on core business, developing high-margin businesses; improving operational efficiency through organizational structure integration; while increasing share buybacks and dividends, shareholder returns outperform most sectors. Based on the mid-year report for 2024, the overall mid-year profit release of internet giants is superior to other sectors.