Hong Kong Stock Market Midday Review: Hang Seng Index opened lower and rose in the morning session, real estate stocks surged, and Chinese brokerage stocks strengthened

USHK News
2024.10.16 04:08

Jinshi Data News on October 16th, the Hang Seng Index opened low by nearly 1% before shaking off and rebounding. The Hang Seng TECH Index fell nearly 2% in the morning session before warming up. As of the close, the Hang Seng Index rose by 0.9%, and the Hang Seng TECH Index rose by 0.37%. On the market, most large-cap technology stocks rebounded, with Meituan (03690.HK) up over 2%, NetEase (09999.HK), and Tencent Holdings (00700.HK) up over 1%. Real estate stocks surged, with Sunac China (01918.HK) rising by over 20% at midday, Logan Group (03380.HK), CHINA VANKE (02202.HK), R&F PROPERTIES (02777.HK) all rising by over 10%. In addition, Chinese brokerage stocks rebounded in the morning session today, with Guotai Junan International (01788.HK) up by 4.63%, Shenwan Hongyuan (06806.HK), and Zhongzhou Securities (01375.HK) up by over 6%

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