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《港股》恒指收升753點 科指升近6% 成交2,424億創逾兩年高

Hang Seng Index rose by 753 points in Hong Kong stocks, the technology index rose by nearly 6%, with a trading volume of 242.4 billion, reaching a high of over two years.

AASTOCKS ·  Sep 24 16:28

Mainland China has announced a series of financial policy measures, and the Hong Kong stock market has risen significantly. The Hang Seng Index opened 326 points higher and expanded its gains, closing up 753 points or 4.1% at 19,000 points. The National Index rose 325 points or 5.1% to close at 6,714 points. The Hang Seng Tech Index rose 217 points or 5.9% to close at 3,915 points. The total trading volume for the day increased to 242.399 billion yuan, the highest since May 31, 2022.

The People's Bank of China will lower the interest rates on existing housing loans and unify the minimum down payment ratio for home loans. Mainland real estate stocks, including Country Garden (02777.HK) and Sun Hung Kai Properties (00884.HK), rose by 16% and 14% respectively. Sunac China Holdings (01918.HK) surged by 13.6%, while Hopson Development Holdings (01813.HK) rose by 10.9%. Agile Group Holdings (03383.HK) and China Evergrande Group (03377.HK) increased by 8.1% and 7.6% respectively. China Overseas Land & Investment (00688.HK), Sunac China Holdings (01109.HK), and Longfor Group Holdings (00960.HK) rose by over 5%. The People's Bank of China stated that it will soon reduce the reserve requirement ratio by 0.5 percentage points, resulting in mainland banking stocks with China Merchants Bank (03968.HK) rising by 10.8%, and Bank of Communications (03328.HK) and Industrial and Commercial Bank of China (01398.HK) increasing by 6.4% and 5.9%.

The People's Bank of China established favorable policies for the stock market by creating inter-exchange convenience for securities, funds, and insurance companies. Brokerage stocks such as China CITIC Securities (06030.HK), Citic Securities (03908.HK), China Securities Co., Ltd. (06066.HK), China Galaxy Securities (06881.HK), and Huatai Securities (06886.HK) rose by 9.3% to 11.2%. Mainland insurance companies including Ping An Insurance (02318.HK) and China Life Insurance (02628.HK) increased by 7.2% and 6.9% respectively. ZhongAn Online P&C Insurance Co., Ltd. (06060.HK) rose by 6.4%. Ping An Insurance Group Company of China, Ltd. (02601.HK) surged by 12.5%.

Alibaba Group Holding Limited (09988.HK) and NVDA.US, the cloud computing division of NVIDIA, collaborated on artificial intelligence, enabling Chinese auto manufacturers to advance autonomous driving experiences. The stock price rose by 6.1%. Among car stocks, XPeng Inc. (02015.HK) and Nio Inc. (09866.HK) rose by 10.1% and 11.1% respectively, while Leapmotor (09863.HK) and Xiaopeng Inc. (09868.HK) surged by over 6%. BYD Company Limited (01211.HK) increased by 3.5%.

JD.com Inc. (09618.HK) rose by 10.2%, Tencent Holdings Limited (00700.HK) and Xiaomi Corporation (01810.HK) increased by 3.8% and 3.2% respectively. Meituan (03690.HK) plans to issue US dollar-denominated senior notes, leading to a 5.3% increase in its stock price. Netease, Inc. (09999.HK), Baidu, Inc. (09888.HK), and Kuaishou Technology (01024.HK) rose by 5% to 6.1%, while Bilibili Inc. (09626.HK) increased by 7.2%. Additionally, Kingdee International Software Group Company Limited (00268.HK) and GDS Holdings Limited (09698.HK) surged by over 9%, Tencent Music Entertainment Group (01698.HK) and Meitu Inc. (02382.HK) rose by over 8%, Weimob Inc. (02013.HK), Kingsoft Cloud Holdings Limited (03896.HK), Ali Health Information Technology Co., Ltd. (00241.HK), and JD Health International Inc. (06618.HK) increased by 7% to 7.9%, and BYD Electronic International Company Limited (00285.HK) rose by 6.7%.

In terms of domestic demand and consumer stocks, jiumaojiu (09922.HK) rose by 14.9%, Jitu Express Inc. (01519.HK), China Gas Holdings Limited (00881.HK), Haidilao International Holding Ltd. (06862.HK), Maoyan Entertainment (01896.HK), and Topsports International Holdings Limited (06110.HK) increased by 8.8% to 9.8%, Tsingtao Brewery Co., Ltd. (00291.HK), Yihai International Holding Ltd. (01579.HK), Yum China Holdings, Inc. (09987.HK), Nongfu Spring Co., Ltd. (09633.HK), and China Mengniu Dairy Company Limited (02319.HK) rose by 7.4% to 8.1%, Xiabuxiabu Catering Management (Holdings) Ltd. (00520.HK), Li Ning Company Limited (02331.HK), Tongcheng-Elong Holdings Limited (00780.HK), and China Tourism Group Duty Free Corporation Limited (01880.HK) increased by over 6%. Miniso (09896.HK) acquired a 29% stake in Yonghui Superstores, resulting in a 23.9% drop in its stock price.

In other stock developments, HSBC Holdings plc (00005.HK) and AIA Group Limited (01299.HK) rose by 1.7% and 2.7% respectively, while Hong Kong Exchanges and Clearing Limited (00388.HK) surged by 7.4%.

The translation is provided by third-party software.


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