Futu News reported on March 18th that all three major Hong Kong stock indexes rose, $Hang Seng Index (800000.HK)$ up 1.80%, $Hang Seng TECH Index (800700.HK)$ up 2.77%, $Hang Seng China Enterprises Index (800100.HK)$ up 2.00%.
As of the noon close, 1,229 Hong Kong stocks rose, 685 fell, and 1,194 remained unchanged.
In the Sector, Network Technology stocks rose, with Baidu rising 9.94%, Alibaba up 4.87%, KUAISHOU-W increasing by 3.70%, JD-SW gaining 3.61%, Bilibili-W up 3.05%, XIAOMI-W increasing 2.42%, TENCENT up 2.19%, and MEITUAN-W rising 0.11%.
Golden Industrial Concept stocks strengthened, with SD GOLD rising 6.16%, ZHAOJIN MINING increasing 5.81%, Zijin Mining Group up 5.52%, LINGBAO GOLD (1,000) rising 5.09%, CHINAGOLDINTL increasing by 1.89%, and PERSISTENCE RES up 1.19%.
Nonferrous Metals stocks generally rose, with SD GOLD up 6.16%, ZHAOJIN MINING increasing 5.81%, Zijin Mining Group rising 5.52%, CMOC Group Limited up 5.25%, JIANGXI COPPER gaining 3.22%, CHINAHONGQIAO increasing 3.18%, Aluminum Corporation Of China rising 2.10%, and GANFENGLITHIUM up 1.50%.
Biotechnology stocks all rose, with WUXI APPTEC increasing by 11.92%, EVEREST MED-B rising by 6.42%, GENSCRIPT BIO up by 5.53%, WUXI BIO increasing by 4.32%, JXR falling by 3.90%, BEIGENE rising by 2.54%, and AKESO increasing by 0.42%.
Autos stocks moved upward, with NIO-SW rising 16.18%, LI AUTO-W increasing 7.61%, YADEA gaining 6.08%, BYD up 3.63%, Geely Auto rising 3.23%, LEAPMOTOR up 3.21%, Great Wall Motor increasing 2.54%, and XPENG-W rising 0.69%.
Lithium battery stocks rose, with TIANNENG POWER increasing by 14.27%, LEOCH INT'L rising by 8.10%, BYD COMPANY up by 3.63%, CHAOWEI POWER rising by 3.33%, INNOVENT BIO up by 2.55%, BYD ELECTRONICS increasing by 2.28%, Tianqi Lithium Corporation rising by 1.73%, and GANFENGLITHIUM increasing by 1.50%.
In terms of individual stocks,$LI AUTO-W (02015.HK)$Increased by over 7%, released the next generation autonomous driving architecture MindVLA.
$NIO-SW (09866.HK)$Increased by over 16%, Contemporary Amperex Technology is advancing a strategic investment of no more than 2.5 billion yuan in NIO Energy.
$MIXUE GROUP (02097.HK)$Increased by over 6%, with a total market value nearing 170 billion Hong Kong dollars, the company will release its annual performance next Wednesday.
$BIDU-SW (09888.HK)$Increased by nearly 10%, the stock price has returned to the 100 Hong Kong dollar mark, released the Wenxin large model 4.5 and X1, with highly competitive pricing.
$WUXI APPTEC (02359.HK)$Soared nearly 12%, the company's Q4 revenue reached a new high, expected to achieve a double-digit growth of 10-15% this year.
$YADEA (01585.HK)$Increased by over 6%, the company will release its Earnings Reports soon.
Top 10 trading volumes for the half-day.
Editor/danial
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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