Hong Kong Stock Market Review: Hang Seng Index rebounds and closes up nearly 3%, semiconductor stocks decline in the afternoon

Jinshi Data reported on October 10th that the Hong Kong stock market rebounded strongly in the morning, with the Hang Seng Index rising more than 800 points at one point to return above the 10-day moving average. In the afternoon, the gains narrowed and the market maintained a range-bound volatility, with the HSTECH Index underperforming the broader market. As of the close today, the Hang Seng Index rose by 2.98% to 21,251.98 points. The HSTECH Index rose by 2.05% to 4,736.10 points, with the total turnover of the Hang Seng Index market at HKD 325.27 billion (compared to HKD 427.014 billion on the previous trading day). In terms of the market, most sectors diverged in the afternoon, with the mainland-based companies, securities, and automobile sectors showing strength throughout the day, while the semiconductor sector weakened in the afternoon. In terms of individual stocks, Guotai Junan (02611.HK) and Haitong Securities (06837.HK) both surged significantly on their first day of resumption, by 55.07% and 95.48% respectively. CNOOC (00883.HK) rose by 4.15%, while SMIC (00981.HK) fell by 6.25%