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Hong Kong Stock Afternoon Review | Hang Seng Index Surges 3.09% in Early Trading, Tencent's Surge Boosts Blue Chips
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The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 3.09% to 739 points to 24,659 points; the Hang Seng Technology Index surged 4.79%; and Hong Kong stocks traded HK$1984 billion in early trading.

Tencent Holdings (00700) rose 5.53%, and Hy4, the latest hybrid model, was launched, making it one of the strongest open source models.

Alibaba-W (09988) rose 7.46%, Apple Bank of China's AI officially launched, and Siri deeply integrated Alibaba QianQ.

Gold stocks continued to rise. Multiple benefits boosted the precious metals market, and spot gold surpassed the $4,100 mark. Chifeng Gold (06693) rose 4.5%; Zhaojin Mining (01818) rose 5.8%; and Shandong Gold (01787) rose 3.6%.

Pharmaceutical stocks continued to strengthen. Zhongsheng Pharmaceutical received a BD lead of 7 billion US dollars. BD went overseas in the first three quarters close to the whole of last year. China Biopharmaceuticals (01177) rose 6.7%; Kangfang Biotech (09926) rose 5%; and BeiGene (06160) rose 5.18%.

Auto stocks rose across the board. In September, the export value of automobile products was nearly 31 billion US dollars, an increase of more than 40% over the previous year. Xiaomi Group-W (01810) rose 7%; Ideal Automobile-W (02015) rose 8%.

PV stocks continued to rebound. IRA energy subsidies are expected to continue, and US new energy installations are expected to be upgraded. Junda shares (02865) rose 15%; GCL Technology (03800) rose 4.7%.

Kingdee International (00268) has increased 14%, the core capabilities of AI products have been upgraded, and the number of Lingji paying customers has exceeded 3,700.

The AI infrastructure series continues to decline. Southern Dongying SK Hynix's maximum daily leverage of 2X (07709) fell by more than 17%; ASMPT (00522) fell by more than 10%; and Changfei Optical Fiber (06869) fell by more than 9%.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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