The Hang Seng Index's afternoon gains once expanded to over 560 points, with Hong Kong Exchanges and Xiaomi rising more than 3%-5%.
After the Hong Kong stock market closed, the Hang Seng Index continued to rebound from its recent ten-month low this morning, with the afternoon gains further expanding to 562 points or 3.2%, reaching a high of 17,935. It is currently trading at 17,863, up 490 points or 2.8% from the previous close. The total turnover is only 49.5 billion yuan.
After the Hong Kong stock market closed, the Hang Seng Index continued to rebound from its low point of nearly ten months this morning, with the afternoon gain expanding to 562 points or 3.2%, reaching a high of 17,935. It is currently trading at 17,863, up 490 points or 2.8%. The total turnover was only 49.5 billion yuan. The Hang Seng Tech Index also rebounded from its low point of nearly four months, reaching 3,954 in the afternoon and currently trading at 3,936, up 4.2%. Heavyweight financial stock HSBC Holdings (00005.HK) rebounded above the 10-day and 50-day moving averages, reaching a high of 62.2 yuan and currently trading at 61.9 yuan, up 2.1%. Hong Kong Exchanges and Clearing (00388.HK) also rebounded above the 10-day moving average, reaching 293.6 yuan in the afternoon and currently trading at 292.4 yuan, up 3.1%. AIA Group (01299.HK) encountered resistance at 65.15 yuan, currently trading at 64 yuan, up 1.7%, failing to stabilize above the 10-day moving average (64.2 yuan). Technology stocks Tencent (00700.HK), Alibaba (09988.HK), Meituan (03690.HK), and Xiaomi (01810.HK) all rebounded by more than 3%-5%, with their stock prices reaching 308.4 yuan, 86.65 yuan, 115.7 yuan, and 12.4 yuan, respectively. (sz/t)
