Futu News on October 2nd reported that the Hong Kong stock market continued its strong rally today. As of the deadline, $Hang Seng Index (800000.HK)$ up more than 4.5%, $Hang Seng China Enterprises Index (800100.HK)$ up more than 5.6%, $Hang Seng TECH Index (800700.HK)$ up more than 7.3%.
Sector-wise, network technology stocks are strong, Ke Holdings surged over 20%, Bilibili rose nearly 19%, Ali Health and Meituan were up over 12%, JD.com surged over 11%.
China-affiliated brokerage stocks rose unilaterally, with China Merchants Securities rising over 45%, CISI Fin rising over 38%, Guolian rising over 28%, CC Securities, and Citic Securities rising over 27%.
Mainland real estate stocks surged, with Shimao Group rising over 91%, Agile Group rising over 73%, CIFI Holdings Group rising over 68%, Zhongliang Holdings, and Sino-Ocean Group rising over 60%.
Mainland property management stocks performed strongly, with Shimao Services rising over 38%, Times Neighbor rising over 24%, Sunac Services rising over 22%, CG Services rising over 20%.
Semiconductor sector generally rose, with Shanghai Fudan rising over 8%, Semiconductor Manufacturing International Corporation rising nearly 8%, HG Semi rising over 6%, Hua Hong Semi, and CE Huada Tech rising over 5%.
Insurance stocks surged, with China Pacific Insurance rising over 13%, Ping An Insurance rising over 12%, New China Life Insurance rising over 11%, China Taiping rising over 10%.
In terms of individual stocks, $LI AUTO-W (02015.HK)$ Rising over 8%, delivering 53,709 vehicles in September, setting a new record for monthly deliveries.
$LEAPMOTOR (09863.HK)$ Rising more than 7%, 33,767 vehicles were delivered in September, a year-on-year increase of 113.7%.
$BEKE-W (02423.HK)$ Rising nearly 20%, the new real estate policies in "Beijing, Shanghai, Guangzhou, and Shenzhen" have all been implemented. Yang Kewei, Deputy General Manager of Ke Rui Research Center, believes that based on the expectation of favorable policies, overall transactions in October may stabilize after a period of decline.
$CAROTE LTD (02549.HK)$ Rising more than 54%. The company went public in Hong Kong today, with an offering price of HK$5.78 per share.
Editor/Jeffy