The Hang Seng Index opened up 2.52%, and the Hang Seng TECH Index rose 3.9%

Wallstreetcn
2025.10.20 08:25
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09:21

The Hang Seng Index opened significantly higher by 2.52%, and the Hang Seng TECH Index rose by 3.9%.

In the market, technology stocks rebounded across the board, with NetEase opening up 6%, Baidu, Trip.com, and JD.com rising over 5%, and Alibaba increasing nearly 5%; insurance stocks showed strong gains, with China Life surging 6%, and net profit for the first three quarters expected to increase by 50% to 70% year-on-year; precious metals generally retreated, with China Silver Group falling 6%.

09:16

The central parity rate of the RMB against the USD is reported at 7.0973, down 24 points; the previous trading day's central parity rate was 7.0949, and the official closing price of the previous trading day was 7.1265, while the night session closed at 7.1277.

09:01

Commodity futures opened, with coking coal's main contract rising over 3%, coke up over 2%, and soda ash up over 1%. Shanghai silver fell over 3%, eggs dropped over 2%, and caustic soda and Shanghai gold fell over 1%.