Lates News

"Bull market leader" surged, market sentiment bullish Hong Kong stocks collectively rebounded in the morning session. As of midday, the Hang Seng Index rose by 1.9%, up more than 457 points, with the Mainland Enterprises Index and Hang Seng Technology Index rising by 1.83% and 2.08% respectively. On the market, the large financial stocks, known as "bull market leaders," collectively rose, especially Chinese securities firms, with Zhongzhou Securities soaring by more than 64%, leading in gains alongside Hengtou Securities, Guolian Minsheng, Guotai Haitong, and Guotai Junan International, with Guotai Junan International reaching a historic high. Ping An of China rose by 5.6%, leading the insurance sector to a 9-month high, while China Construction Bank, Industrial and Commercial Bank of China, Bank of Communications, and others also reached new highs. For securities firms, attention is focused on industries that may benefit from the "anti-internal loop" policy, such as steel, automobiles, home appliances, and photovoltaic stocks, all seeing gains. Gold stocks, semiconductor stocks, military stocks, cryptocurrency stocks, and oil stocks have also risen. On the other hand, some domestic retail stocks, vocational education stocks, and dairy stocks have declined, with some new consumer concept stocks plummeting. The "Stock King," Lao Pu Gold, fell sharply by 8%. In addition, with the market prospering, nearly 30 small-cap stocks have dropped by more than 10%.