Hong Kong stocks surged: China Hongqiao (01378.HK) rose more than 5% to hit a new high. Chinese aluminum companies have a clear cost advantage in electricity. Bank of America raised the company's profit forecast and target price.

According to the Wisdom Finance App, China Hongqiao (01378.HK) surged over 5% in early trading, reaching a high of 34.08 Hong Kong dollars, continuing to refresh its historical high. As of the publication, it has increased by 4.75%, trading at 33.94 Hong Kong dollars, with a trading volume of 4.51 billion Hong Kong dollars.