On October 18, Futu News reported that the Hong Kong stock market opened lower and rose throughout the day, with the technology index closing up 1.03%, the Hang Seng Index and the Greater China Index rising by 0.75% and 0.9% respectively. The central bank is expected to assess market liquidity conditions before the end of the year and may further reduce the deposit reserve ratio by 0.25-0.5 percentage points. Boosted by positive news, the technology index and the Greater China Index rose by more than 2% at one point during trading, while the Hang Seng Index rose above 20420 points at one stage.
As of the midday close, 1154 stocks in the Hong Kong stock market rose, 656 fell, and 1261 remained unchanged.
In terms of sectors, network technology stocks rose, with Meituan-W up by 3.94%, Xiaomi-W up by 3.03%, Alibaba-W down by 2.44%, JD.com-SW down by 2.33%, Netease-S up by 1.85%, SenseTime-W up by 1.32%, Tencent Holdings up by 1.16%, Kuaishou-W up by 0.22%.
Securities and brokerage stocks rose across the board, with China Merchants Securities up by 12.31%, Shenwan Hongyuan up by 9.18%, China International Capital Corporation up by 7.04%, CSC up by 5.65%, China Galaxy up by 5.56%, HTSC up by 4.97%, GTJA up by 4.21%, Haitong Securities up by 2.58%.
Semiconductor stocks rose, with Hua Hong Semiconductor up by 5.42%, Brainhole Tech down by 5.06%, Semiconductor Manufacturing International Corporation up by 5.00%, CE Huada Tech up by 4.07%, Solomon Systech up by 4.00%, Shanghai Fudan up by 3.65%, HG Semi up by 2.82%, Ingdan up by 1.91%.
Property sector strengthened, with Sunac up by over 6%, China Jinmao up by 4%, Zhongliang Holding up by nearly 4%, R&F Properties up by over 3%, Sino-Ocean Group up by over 3%, Radiance Holdings up by nearly 3%, Midea Real Est up by over 2%.
Apple supplier stocks moved up, with BYD Electronic up by 5.85%, Tongda Group down by 4.35%, AAC Tech up by 4.19%, Q Tech up by 2.61%, FIH up by 2.25%, Sunny Optical down by 0.92%, Cowell up by 0.23%, Vstecs unchanged.
Lithium battery stocks rose, with Honbridge up by 7.81%, BYD Electronic up by 5.85%, BYD Company up by 2.37%, Chaowei Power up by 2.13%, Radiance Holdings up by 0.88%, Ganfeng Lithium up by 0.41%, Tianneng Power down by 0.14%, Tianqi Lithium Corporation unchanged.
Hong Kong retail stocks are mostly up, with Bossini Int'l down 7.77%, Prada up 4.49%, Luk Fook Hold up 1.36%, Chow Tai Fook up 1.31%, Chow Sang Sang up 1.27%, Samsonite flat, Sa Sa Int'l flat, and Giordano Int'l flat.
In terms of individual stocks, $XIAOMI-W (01810.HK)$ Rising over 3%, Xiaomi SU7 will make a full effort to deliver 0.02 million vehicles this month, and will soon announce breakthroughs in intelligent driving technology.
$JD-SW (09618.HK)$ Falling more than 2%, the company responds to the "financial run" misinformation, stating that user funds are protected by legal supervision.
$BYD ELECTRONIC (00285.HK)$ Up nearly 6% leading the mobile industry chain, Android phone shipments are expected to further recover in the fourth quarter.
$CMSC (06099.HK)$ Up more than 12%, the central bank officially launched the interbank convenient swap (SFISF) operation today.
$SMIC (00981.HK)$ Up 5%, the semiconductor industry continues to recover, with 11 companies expecting growth in performance for the first three quarters.
$SUNAC (01918.HK)$ Up more than 6%, the real estate market policies' 'combination blow' are accelerating implementation, with many places introducing positive real estate policies.
$CHABAIDAO (02555.HK)$ Up more than 13%, Hong Kong's first store officially opened, with higher profit margins in South Korean stores compared to domestic ones.
Top 10 half-day trading volume
编辑/Wade
