Hong Kong stocks rebound! Hang Seng Index stops five consecutive declines, Heng Seng Technology rises more than 2.5%, real estate stocks lead the gains, and Hopewell Holdings rises nearly 20%.

On June 27th, the Hong Kong stock market opened high, and then the three major indexes expanded their gains. In the afternoon, they continued to be active at high levels. Finally, the Hang Seng Index rose by 1.88%, the Hang Seng TECH Index rose by 2.57%, and the state-owned enterprise index rose by 2.08%.

On the news front, the RMB exchange rate stopped falling and rebounded today, and the offshore RMB against the US dollar regained the 7.22 mark, and the midpoint price was stronger than expected.

On the market, internet-related stocks rose sharply, and real estate stocks were collectively strong, driving up related industry chains such as property management and building materials. The mobile phone industry chain rose in the afternoon, and semiconductors rose. Power stocks, which rose sharply yesterday, fell back today.

Internet-related stocks are collectively strong

KINGSOFT CLOUD and ZTE rose by more than 6%, Kingsoft Office Software rose by 5.88%, NetEase, MING YUAN CLOUD rose by more than 4%, Meitu, Bilibili, and Kuaishou rose by more than 3%, and JD.com, Alibaba, Tencent, and CHINA LIT rose by more than 2%.

Real estate stocks "big counterattack"

Real estate stocks ended their four-day decline today, with KWG GROUP rising nearly 20%, and YUZHOU GROUP, TIMES CHINA, R&F PROPERTIES, SEAZEN and other stocks rising by more than 10%.

Cement, property management and other sectors followed the trend.

Semiconductor Stocks Rise

Jingyang Group rose 8.47%, SMIC rose nearly 4%, and Hua Hong Semiconductor rose over 1.6%.

Power Industry Pullback

China Huaneng Power International and China Resources Power fell more than 1%.

After opening lower, the wind power sector turned positive, with narrowing gains in the morning and internal trends diverging.