Abnormal movement of Hong Kong stocks | Steel stocks quickly surged in the afternoon. Profit improvement in the steel industry in the third quarter, institutions optimistic about the anti-inward rotation landing next year + loose iron ore.

According to the Wise Finance APP, steel stocks surged in the afternoon. As of the time of writing, Maanshan Iron and Steel Co., Ltd. (00323.HK) rose by 5.38% to 2.74 Hong Kong dollars; Chongqing Iron & Steel Co., Ltd. (01053.HK) rose by 2.88% to 1.43 Hong Kong dollars; Angang Steel Company Limited (00347.HK) rose by 1.83% to 2.22 Hong Kong dollars.