The Hang Seng Index opened 126 points higher at 26,061, returning to 26,000, with SMIC opening higher supported by national policies
The Hang Seng Index opened 126 points higher, reporting 26,061, influenced by U.S. economic data and dovish comments. SMIC opened 2.58% higher, HSBC and Hong Kong Exchanges and Clearing opened 1.47% and 1.23% higher, respectively. Li Auto opened 1.49% higher, and Alibaba and JD.com also saw increases. Cathay Pacific plans to spend HKD 7 billion to acquire shares in Qatar Airways, with its stock price rising 3.01%. Techtronic Industries opened 2.13% lower, and BYD fell for the seventh consecutive day
According to the Economic Information Agency on the 6th, multiple data released by the United States yesterday exceeded expectations, coupled with dovish remarks from Federal Reserve officials, leading to a rise in U.S. stocks and an increase in Hong Kong stocks. The Hang Seng Index opened at 26,061, up 126 points or 0.5%, returning to the 26,000 mark, with a main board turnover of HKD 4.035 billion. The Hang Seng China Enterprises Index reported 9,203, up 40 points or 0.4%. The Hang Seng Tech Index reported 5,822, up 36 points or 0.6%.
Reports indicate that China has banned state-funded data centers from using foreign AI chips, leading to a 2.58% increase in SMIC (00981), which opened at HKD 73.55.
HSBC (00005) opened up 1.47%, reporting HKD 109; Hong Kong Exchanges and Clearing (00388) rose 1.23%, reporting HKD 428.8.
The new energy vehicle brand Li Auto (02015) opened up 1.49%, reporting HKD 78.5. In the tech sector, Alibaba (09988) opened up 1.45%, reporting HKD 160.8, JD Group (09618) rose 0.81%, reporting HKD 123.8, Tencent (00700) rose 0.08%, reporting HKD 629.5, Baidu (09888) opened down 0.49%, reporting HKD 121, and Meituan (03690) saw multiple bonds priced, with its stock price rising 0.89%, reporting HKD 102.1.
Cathay Pacific (00293) plans to spend HKD 7 billion to acquire shares that Qatar Airways intends to sell, with its stock price rising 3.01%, reporting HKD 11.62.
Techtronic Industries (00669) opened down 2.13%, reporting HKD 87.35, making it the worst-performing blue chip currently; BYD (01211) has fallen for the seventh consecutive day, with its stock price opening down 0.79%, reporting HKD 94.65. (ey)
