Hong Kong Stock Market Update | JD-SW rises nearly 4%, leading the gains in technology and internet stocks. Overnight, Chinese concept stocks surged significantly. Institutions believe that the sector's cost-effectiveness is prominent.

Overnight, Chinese concept stocks rose sharply, with the Nasdaq China Golden Dragon Index up 3.16%, driving a rebound in Hong Kong's technology and internet stocks in early trading. As of the time of writing, JD-SWR-SW rose 3.23% to HKD 108.7; BIDU-SWR-SW rose 2.85% to HKD 115.4; Tencent rose 0.96% to HKD 315.6; Alibaba-SW rose 0.95% to HKD 74. Guosen Securities previously stated that in early November, there was a reversal in US bond yields, signaling the end of the interest rate hike cycle and an increase in investor risk appetite. From a fundamental perspective, the performance of overseas large enterprises represented by Apple/META/Google/Tesla fell slightly below expectations, reducing their attractiveness. Domestic internet companies have already released their third-quarter reports, and high-quality stocks continue to shine. In comparison, domestic internet stocks have a more prominent cost-effectiveness advantage.