Original title: Hong Kong Stock Review: Hang Seng Index rises 0.93%, technology stocks soar, Ali rises 5%, Tencent Meituan rises 6% Source: Financial Network
The Financial Community reported on January 14 that the Hang Seng Index opened 0.61% higher today. After falling slightly in early trading, it rose, and the increase increased in the afternoon. At the close, the Hang Seng Index rose 0.93% to 28496.86 points; the State-owned Enterprises Index rose 1.02%, and the Red Chips Index rose 1.44%.
Furthermore, today's technology stocks exploded collectively. Meituan rose 5.67% of its market value to HK$1.8 trillion, Tencent's market capitalization rose 5.62% to return to HK$6 trillion, and Ali's market value rose 5% to return to HK$5 trillion. The Hang Seng Tech Index rose 2.6%.
SaaS concept stocks rose. China Youzan rose 10.74%, Weimeng Group rose 7.79%, and Mobile Card rose 6.61%.
Telecom stocks rose. China Telecom rose 3.14%, and China Mobile rose 2.61%.China Unicomrose 2.64%.
Biopharmaceutical stocks rose. Pharmaceutical Junuo rose 13.39%, and Platinum Pharmaceuticals rose 11.89%, and Kaituo Pharmaceutical rose 10.54%.
Auto stocks were lower.Great Wall Motorsfell 6.29%,BYDShares fell 3.49% and Dongfeng Group fell 3.12%.
Foxconn concept stocks rose. Fuzhikang Group rose 21.31%, Yunzhihui Technology rose 18.18%, Hongteng Precision rose 6.6%, and Geely Automobile rose 0.31%. Zhejiang Geely Holding Group Co., Ltd. and Foxconn Technology Group have jointly signed a strategic cooperation agreement. The two sides will establish a joint venture to provide OEM production and customized consulting services for global automobile and travel companies, including but not limited to the entire process of automobile vehicles or components, intelligent control systems, automobile ecosystems, and the entire electric vehicle industry chain. According to the agreement, both parties to the joint venture each hold 50% of the shares. The Joint Venture Board consists of five directors. Among them, Foxconn appoints three directors, Geely Holdings appoints two directors, and Foxconn appoints the chairman.
Nongfu Spring fell 2.3% to HK$59.6.Wantai BiotechThe board of directors announced a few days ago that it recently received the resignation report submitted by the company's chairman Zhong Yuyi. According to Wan Tai Biotech, Zhong Yuyi resigned as a director and chairman of the company due to personal reasons, and also resigned as the convener of the Strategy Committee of the Company's Board of Directors and the convener of the Board Nomination Committee. Mr. Zhong Yuyi will no longer hold any position in the company after his resignation.