Overnight, due to Iran's missile attack on Israel, most global markets experienced a sharp decline. Today, the stock markets in Japan and South Korea also fell across the board. However, Chinese assets have unexpectedly risen, experiencing an independent market trend.
On Wednesday, October 2nd, A-shares continued to be closed for the holiday, while important indexes in the Hong Kong stock market surged. The Hang Seng Index in Hong Kong closed up by 6.2%, and the Hang Seng TECH Index rose by 8.53%. The Science and Technology Innovation Board 50 ETF listed on the Hong Kong Stock Exchange surged by 28%, with an intraday increase of 128%, following a more than 21% increase in the previous trading day.
On the market, tech stocks showed strength, with Dongfang Selection rising by 46%, Bilibili up by over 21%, Meituan and Alibaba Health up by more than 14%, and JD.com up by 10%. Chinese brokerage stocks continued to soar, with SWHYHK closing up by 206%.
According to media interviews and research findings, overseas large investors are gradually &#34;moving out of a wait-and-see attitude,&#34; many investors who &#34;have long been away from the Chinese market are returning,&#34; and some hedge funds are &#34;even not selecting stocks&#34; but buying all in.
<blockquote>
<ul>
<li>The Hang Seng Index in Hong Kong closed up by 6.2%, and the Hang Seng TECH Index rose by 8.53%</li>
<li>Chinese brokerage stocks surged, with SWHYHK closing up by 206%, CMB Securities up by 81%, Dongfang Securities up by 51%, CSC up by 48%, and Guolian Securities up by 40%.</li>
<li>Real estate stocks surged, with RonshineChina up by over 397%, Agile Group up by over 160%, and Shimao Group up by over 153%.</li>
<li>FTSE China A50 Index futures expanded by 7.5%, breaking through 15,000 points at one point during the day, reaching a new high since July 6, 2022.</li>
<li>The Science and Technology Innovation Board 50 ETF surged by 28%, with an intraday increase of 128%, following a more than 21% increase in the previous trading day.</li>
</ul>
</blockquote>
[Update at 16:30]
The Hang Seng Index in Hong Kong closed up by 6.2%, and the Hang Seng TECH Index rose by 8.53%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/47176c6a-8efa-4be6-9df6-dbc78600e528.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/47176c6a-8efa-4be6-9df6-dbc78600e528.png"/>
Chinese brokerage stocks surged, with SWHYHK closing up by 206%, CMB Securities up by 81%, Dongfang Securities up by 51%, CSC up by 48%, and Guolian Securities up by 40%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bb336b3d-0f3c-426d-99a2-868ba83d3b00.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/bb336b3d-0f3c-426d-99a2-868ba83d3b00.png"/>
Real estate stocks surged, with RonshineChina up by over 397%, Agile Group up by over 160%, and Shimao Group up by over 153%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5c87f14d-b31b-44b3-81f8-d5ad20f449b2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/5c87f14d-b31b-44b3-81f8-d5ad20f449b2.png"/>
Tech stocks showed strength, with Dongfang Selection rising by 46%, Bilibili up by over 21%, Meituan and Alibaba Health up by more than 14%, and JD.com up by 10%
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4f1bd5d3-350f-477f-b1a1-247996d9dec0.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/4f1bd5d3-350f-477f-b1a1-247996d9dec0.png"/>
【13:50 Update】
The Hang Seng TECH Index narrowed its gains in the afternoon session, currently up by 6.5%, after briefly rising over 10%. The Hang Seng Index's gain narrowed to 4.3%, after briefly rising over 7%.
【13:21 Update】
FTSE China A50 Index futures expanded their gains to 9%, surpassing 15,000 points.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/07f17493-1dfa-4b36-bb16-44f0610a5d09.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/07f17493-1dfa-4b36-bb16-44f0610a5d09.png"/>
【12:09 Update】
Hong Kong stocks closed higher at midday, with the Hang Seng Index up by 6% and the Hang Seng TECH Index up by 8.72%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0f3678fc-b280-48bc-b8d9-ee6318f3e20d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/0f3678fc-b280-48bc-b8d9-ee6318f3e20d.png"/>
Property stocks surged, with Agile Group up by over 74% and Vanke up by nearly 40%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c1e655fa-000b-4c00-925e-bc4cdb247a24.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/c1e655fa-000b-4c00-925e-bc4cdb247a24.png"/>
Mainland Chinese brokerage stocks soared, with SWHYHK up by nearly 135%, China Merchants Securities up by over 60%, and Guotai Junan International up by over 30%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b1caa1fe-db30-44f5-bc54-6c7238cf7364.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/b1caa1fe-db30-44f5-bc54-6c7238cf7364.png"/>
【11:46 Update】
The Hang Seng TECH Index surged over 10%, while the Hang Seng Index rose over 7%.
【11:32 Update】
The SSE STAR Market 50 Index skyrocketed, with an intraday gain of 128%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f8665b69-03af-4d88-9087-fb8cf9897e8d.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f8665b69-03af-4d88-9087-fb8cf9897e8d.png"/>
【11:06 Update】
SWHYHK surged over 168%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e5bb3e69-af69-4eb5-9fde-4d7d851ab9f6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/e5bb3e69-af69-4eb5-9fde-4d7d851ab9f6.png"/>
The Hang Seng TECH Index rose over 8%, while the Hang Seng Index rose over 5%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/cfc60cde-beb7-4839-9947-3840d7ee1ac5.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/cfc60cde-beb7-4839-9947-3840d7ee1ac5.png"/>
【10:24 Update】
The SSE STAR Market 50 surged by 22% intraday, following a more than 21% gain in the previous trading day.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f4dab163-a7a0-4cbb-b53b-d8f7a27068b6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f4dab163-a7a0-4cbb-b53b-d8f7a27068b6.png"/>
【9:54 Update】
Hong Kong property stocks surged, with Shimao Group up over 40%, Agile Group up over 38%, Sunac China, Sunac China Holdings up over 30%, Country Garden up over 22%, and Vanke up over 20%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/2a87e738-fac3-4cce-83ba-361f2da2d963.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/2a87e738-fac3-4cce-83ba-361f2da2d963.png"/>
【9:51 Update】
Hang Seng TECH Index rose over 5%, Hang Seng Index rose 2.9%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/622da349-056e-489a-b658-2623be80ddc5.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/622da349-056e-489a-b658-2623be80ddc5.png"/>
【9:38 Update】
Hang Seng Index expanded its gains to 2.5%, with Chinese brokerage stocks continuing to surge. SWHYHK rose over 63%, CICC International rose over 39%, Guotai Junan International rose over 21%, CSC Securities rose over 13%, Everbright Securities rose over 8%, CICC rose over 7%, Galaxy Securities rose over 6%. Hang Seng TECH Index rose 4.5%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/be141ca7-c2b6-48db-bb25-d1fd0e24ba69.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/be141ca7-c2b6-48db-bb25-d1fd0e24ba69.png"/>
【9:30 Update】
Hong Kong's Hang Seng Index opened up 0.74%, while Hang Seng TECH Index rose 1.86%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/dd208462-a98e-4421-8c66-8dc5f2afb991.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/dd208462-a98e-4421-8c66-8dc5f2afb991.png"/>
Chinese brokerage stocks in Hong Kong continued to rise at the opening, with Guotai Junan International and SWHYHK up over 14%, CICC International up over 12%, China Merchants Securities up over 10%, Everbright Securities up over 8%, Galaxy Securities up over 7%, Dongxing Securities, and CSC up over 5%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/85f6ac94-6d67-46aa-bd48-bfa10a4d1fe4.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/85f6ac94-6d67-46aa-bd48-bfa10a4d1fe4.png"/>
FTSE China A50 Index futures continued to rise, now up over 3%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/978b14c5-8fd1-4850-92aa-e12db71c45f2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/978b14c5-8fd1-4850-92aa-e12db71c45f2.png"/>

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The Hang Seng Index in Hong Kong closed up 6.2%, while the Hang Seng TECH Index rose by 8.53%. Chinese brokerage stocks surged, with SWHYHK up 206%, China Merchants Securities up 81%, Orient Securities up 51%, CSC up 48%, and Guolian Securities up 40%. Property stocks also saw significant gains, with Ronshinechina surging over 397%, Agile Group up over 160%, and Shimao Group up over 153%

- Following Iran's missile attack on Israel, global markets experienced significant declines, while Chinese assets showed remarkable resilience.  
- On October 2, the Hong Kong Hang Seng Index surged by 6.2%, with technology stocks and Chinese brokerage firms leading the gains, including a 206% rise in Shenwan Hongyuan Hong Kong.  
- Large overseas investors are returning to the Chinese market, with some hedge funds opting for broad purchases rather than selective stock picking.

Wallstreetcn

SWHYHK

AGILE GROUP

Hang Seng TECH Index

RONSHINECHINA

On the first day after the holiday, the Hong Kong stock market was strong, with the Hang Seng TECH Index closing up 8.53%, FTSE A50 futures soaring 7.5%, while brokerage firms, real estate, and internet sectors continued to surge