After the Hong Kong stock market reopened following the National Day holiday, it continued to rise due to mainland financial measures. The Hang Seng Index opened high by 155 points and expanded its gains, rising to 1,534 points at 22,667 points, ending the day with a 1,310-point increase, or 6.2%, closing at 22,443 points; the China Enterprises Index rose by 531 points or 7.1%, closing at 8,041 points; the Hang Seng Tech Index rose by 405 points or 8.5%, closing at 5,157 points. The total turnover in the Hong Kong stock market for the day was 434.017 billion yuan.
Reports indicate that after the new property market policies in Shenzhen, there was a significant increase in new home transactions, leading to a rise in mainland real estate stocks. Shimao (00813.HK) and Country Garden (03383.HK) both surged by 153% and 160%, while Sunac China (00884.HK), Greentown China (03377.HK), Agile Group (01813.HK), and Country Garden Services (02777.HK) increased by 89% to 103%. Sunac China (01918.HK) and China Evergrande Group (02202.HK) both rose by 76% and 61%. Jinmao (00817.HK) increased by 41%, while New World Development (01030.HK), Longfor Group (00960.HK), and Yuexiu Property (00123.HK) all rose by over 20%. Property management company Color Star Technology (06098.HK) surged by 23%. Building materials company BBMG Corporation (02009.HK) rose by 18%. Home appliance companies Hisense Home Appliances (00921.HK) and Midea Group (00300.HK) both saw an increase of 18% and 25%.
Brokerage companies also experienced increases with China Securities Co., Ltd. (06066.HK) rising by 48%, GF Securities (01776.HK), CITIC Securities (06030.HK), and China Jinmao (03908.HK) all rising by 31% to 39%, with Huatai Securities (06886.HK) and China Galaxy (06881.HK) increasing by 27% and 25%. Mainland insurance companies Zhongan Online P&C Insurance (06060.HK), Ping An Insurance (02318.HK), and China Taiping Insurance (02601.HK) rose by 13% to 16%, while China Life Insurance (02628.HK) increased by 10%. Mainland banking companies China Merchants Bank (03968.HK) rose by 13%. Postal Savings Bank of China (01658.HK) lowered its savings agency rate, receiving positive ratings from Morgan Stanley, and its stock price increased by 13%.
Technology stocks continued to show strength with Tencent (00700.HK), Alibaba (09988.HK), Netease (09999.HK), and Xiaomi (01810.HK) rising by 4.6% to 6.7%, while Kuaishou (01024.HK), Meituan (03690.HK), JD.com (09618.HK), and Baidu (09888.HK) all rose by 9.1% to 14.7%, and Bilibili (09626.HK) surged by 22%. In addition, East Money Information (01797.HK) and Weimob (02013.HK) saw increases of over 40%, while Ali Health (00241.HK), Inspur Information (00354.HK), and Kingdee (00268.HK) rose by 10% to 15%. In the automotive sector, XPeng (02015.HK) delivered 53,709 new cars in September, an increase of 49% year-on-year, resulting in a 12% increase in its stock price. BYD Company Limited (01211.HK) rose by 5.5% to 299.4 yuan.
Local property stocks saw an uptrend, with Hang Lung Properties (00101.HK) rising by 14%, Henderson Land Development (00012.HK) and New World Development (00017.HK) both increasing by 10%, and Swire Properties (01972.HK) rising by 8.1%. Tensions in the Middle East pushed up oil prices, leading to a 7.4% increase in Sinopec (00386.HK), while PetroChina (00857.HK) and CNOOC (00883.HK) rose by 4.9% and 5% respectively. Gold prices rose overnight (1 day), resulting in Zijin Mining (01818.HK), Shandong Gold Mining (01787.HK), and Zhaojin Mining (02899.HK) all rising by 3.5% to 4.2%.
In other stock news, Topsports International Holdings (06110.HK), China Mengniu Dairy (02319.HK), Xinyi Glass (00868.HK), and JD.com's Logistics Segment (02618.HK) all rose by 10% to 15%, while Wuxi Apptec (02359.HK) and Wuxi Bio (02269.HK) increased by 18% and 15%. HSBC Holdings (00005.HK) fell by 0.9%, Hong Kong Exchanges and Clearing (00388.HK) rose by 14%, and AIA Group (01299.HK) increased by 3.7%.