Hong Kong Stock Midday Review: Hang Seng Index rises 1.18%, Chinese concept stocks and high-dividend concept stocks show strong performance collectively
According to Jinshi Data on November 18, Hong Kong stocks with "Chinese character" names, as well as high-yield concept stocks from central and state-owned enterprises, boosted the market rebound. By the close of the midday session, the Hang Seng Index and the Hang Seng Tech Index rose by 1.18% and 1%, respectively. On the market, large technology stocks that had been declining collectively surged, with JD.com (09618.HK) rising nearly 4%, NetEase (09999.HK) up over 2%, and Xiaomi Group (01810.HK) and Tencent Holdings (00700.HK) both rising about 2%; high-speed rail infrastructure stocks and building materials and cement stocks led the gains, with China National Building Material (03323.HK) and CONCH CEMENT (00914.HK) among the top gainers; Red Star Macalline (01528.HK) surged before the close of the midday session, ending up nearly 52%