Hong Kong tech stocks soar: KUAISHOU-W up over 6%, Alibaba up over 5%, Hang Seng TECH Index up over 3%!
Apart from BILIBILI-W, which released its financial report yesterday, all Hong Kong-listed Chinese concept stocks rose sharply! JD.com and MEITUAN-W rose more than 4%, TENCENT rose 4%, CLOUD MUSIC rose more than 3%, while BILIBILI-W fell more than 2%; Li Auto and XPENG-W rose more than 4%, and NIO-SW rose more than 2%.
Hong Kong tech stocks have surged for two consecutive days!
On Friday, June 2, the Hang Seng Index opened high and rose, and now it is up; the Hang Seng Technology Index opened up 2.65% and is now up more than 3%.
Looking at the market, technology stocks are leading the gains, with consumer, healthcare, energy, and real estate... all sectors are rising!
In addition to BILIBILI-W, which released its financial report yesterday, all Chinese concept stocks rose sharply upon their return to Hong Kong. Kuaishou led the way with a rise of more than 6%, while Alibaba and Baidu rose more than 5%, JD.com and Meituan rose more than 4%, Tencent rose 4%, NetEase rose more than 3%, and BILIBILI-W fell more than 2%.
New energy vehicle stocks rose sharply, with Ideal Auto and Xiaopeng Auto up more than 4%, Great Wall Auto up more than 3%, NIO and LEAPMOTOR up more than 2%, and BYD up nearly 2%.
Mining stocks continued to rise, with China Gold International up more than 7%, Zijin Mining and Zhaojin Mining up more than 5%, Aluminum Corporation of China and Shandong Gold up more than 4%, and Ganfeng Lithium up more than 3%.
Consumer stocks generally rose, with New Oriental, DALI FOODS, and SUNART RETAIL up more than 9%, Li Ning and MINISO up more than 6%, and Ctrip and Tencent Music up more than 5%.
Real estate stocks have surged, with Rongchuang Service up more than 10%, Longfor Group up more than 8%, and Country Garden Service and LOGAN GROUP up more than 7%.
"China-head" energy stocks rose, with PetroChina up more than 3%, CNOOC, China Oilfield Services, and Sinopec up more than 2%.