Hong Kong stock market mid-day review: Hang Seng Index rises by 0.81%, the non-ferrous sector surges, and ZTE Corporation's shares soar by over 11%.
In the morning session, the three major indexes of Hong Kong stocks collectively rose. The Hang Seng Index rose to a high of 1.24% during the midday, closing up 0.81% above 26,000 points. The state-owned enterprise index and the Hang Seng Technology Index rose 0.64% and 0.99% respectively. Most large technology stocks were active, with Alibaba's 3% increase showing relatively strong performance. Copper prices hit a new high, gold prices continued to rise, and the non-ferrous sector surged, with Minmetals Resources and China National Gold Group leading the gains. Apple concept stocks, semiconductor chip stocks, and port and shipping stocks generally rose. Douyin Phone Assistant has been loaded onto a ZTE prototype, and ZTE Communications surged over 11%, standing out. In addition, the People's Bank of China issued a high-profile statement on stablecoins for the first time, causing most cryptocurrency concept stocks to decline, while new consumer concept stocks such as Bubble Mart, MEXClub, and Shanghai Auntie also declined.
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