According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose 1.40% in the morning session, reporting 19,834 points; the Hang Seng Tech Index rose 1.72%.
Domestic and foreign pharmaceutical investment and financing are expected to gradually warm up, with CRO concept stocks rising in the morning session. WuXi AppTec (02359) rose 9.9%; WuXi Biologics (02269) rose 8%; Kanglong Chemical (03759) rose 7.24%; and Kelaiying (06821) rose 4.78%.
Insurance funds have taken stakes in brokerage stocks for the first time in five years, with institutions stating that the current valuation of H-share brokerages is attractive. Chinese brokerage stocks collectively surged, with Shenwan Hongyuan (06806) rising 3.23%; and China International Capital Corporation (03908) rising 2.58%.
Leading insurance companies have launched their 25th anniversary products, and institutions expect the good sales momentum to continue. Domestic insurance stocks collectively rose, with New China Life Insurance (01336) rising 4.97%; and China Pacific Insurance (02601) rising 3.63%.
Trip.com Group-S (09961) rose over 4%, with expectations for the tourism economy to continue thriving, and institutions stating that the company's third-quarter performance exceeded expectations.
New Oriental-S (09901) rose nearly 4%, and will officially enter the Hang Seng Index component stocks next Monday, with Morgan Stanley expecting its new quarterly performance to meet market expectations.
The demand for national examination training is strong, and AI education is favored by the market, with Fenbi (02469) rising over 9%.
Kingdee International (00268) rose nearly 9%, as the company launched the Cangqiong GPT large model, further integrating the Cangqiong APP.
Recently, many regions across the country have issued consumption vouchers, and expectations for significant meetings continue to heat up. Most restaurant stocks rose, with XIABUXIABU (00520) rising 8.82%, reporting HKD 1.11; Yum China (09987) rose 4.11%; Haidilao (06862) rose 3.76%; and Jiumaojiu (09922) rose 3.88%.
Hongteng Precision (06088) fell over 5%, as Hon Hai's November revenue was weak, raising market concerns that AI demand may not offset Apple's sluggish performance.
The cryptocurrency market experienced significant fluctuations at high levels, with Bitcoin-related stocks falling across the board, with Blue Ocean Interactive (08267) down 8.57%; and OSL Group (00863) down 5.81%

00HSI

603259

02359

TCOM

09961

00520

The Hong Kong Hang Seng Index rose 1.40% in the morning session, with CRO concept stocks performing strongly, WuXi AppTec up 9.9%. The probability of a Federal Reserve rate cut is high, leading to a recovery in pharmaceutical investment and financing. Insurance funds have taken stakes in brokerage stocks for the first time, with Chinese brokerage firms collectively rising. The tourism economy continues to improve, with Trip.com rising over 4%. Restaurant stocks generally rose, with XIABUXIABU up 8.82%. The cryptocurrency market is volatile, with related concept stocks falling across the board

- The Hang Seng Index rose 1.40% to 19,834 points, with the Hang Seng Tech Index up 1.72%.  
- Pharmaceutical stocks gained as investment sentiment improves, with WuXi AppTec rising 9.9% and WuXi Biologics up 8%.  
- Insurance stocks also saw increases, with New China Life up 4.97%, while the cryptocurrency market faced declines, notably with BlueFocus Interactive down 8.57%.

Zhitong

Hang Seng Index

WuXi AppTec

WUXI APPTEC

Trip.com

TRIP.COM-S

XIABUXIABU

TRACKER FUND

OSL GROUP

FI CSOP HSI

FL2 CSOP HSI

OpenAI

YIXINTANG

YUM CHINA

FI2 CSOP HSI

CICC

SWHY

JPMorgan Chase

LINEKONG

XI2CSOPHSTECH

Bio-S

FIT HON TENG

PHARMARON

Jointown

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Apple

CPIC

HAIDILAO

Direxion FTSE China Bear 3X

Asymchem

Youdao

TRACKER FUND-R

Hang Seng TECH Index

WUXI BIO

SHENGTONG

NETDRAGON

NEW ORIENTAL-S

Yum! Brands

XL2CSOPHSTECH

Direxion FTSE China Bull 3X

KINGDEE INT'L

JIUMAOJIU

Hong Kong Stock Midday Review | Hang Seng Index rose 1.40% in the morning session, CRO concept stocks surged in the morning