"Hong Kong Stocks" Hang Seng Index rises 51 points in half a day, SMIC surges 7%, resources and new consumption stocks rally

The Hong Kong stock index opened high this morning (22nd) by 105 points or 0.4%, reporting 25,795 points. In the early session, it rose by 169 points, reaching a high of 25,859 points before encountering pressure, briefly falling by 6 points to a low of 25,684 points before stabilizing. It closed at 25,742 points, up 51 points or 0.2%. The National Index rose by 24 points or 0.27%, reporting 8,925 points. The Hang Seng Tech Index rose by 49 points or 0.9%, reporting 5,528 points. Trading slowed ahead of the long holiday, with a half-day turnover of HKD 95.586 billion.

Major technology stocks showed slight differentiation, with Kuaishou-W (01024.HK), Baidu-SW (09888.HK), and Alibaba-W (09988.HK) rising by 1.7%. Tencent (00700.HK) and Meituan-W (03690.HK) each fell slightly by about 0.1%. Xiaomi-W (01810.HK) dropped by 2.1%, with a turnover of HKD 3.813 billion. Chip stocks performed well, with SMIC (00981.HK) rising by 7.3%, reporting HKD 69.8, making it the best-performing blue-chip stock, with a turnover of HKD 4.314 billion. Hua Hong (01347.HK) rose by 5.2%, with a turnover of HKD 1.422 billion.

Major financial stocks showed differentiation, with HSBC (00005.HK) reaching a high of HKD 121.6 during the session, repeatedly setting a historical high after the ex-dividend date, rising by 1.3% to report HKD 120.8, with a turnover of HKD 1.366 billion. AIA (01299.HK) fell slightly by 0.4%, while Hong Kong Exchanges and Clearing (00388.HK) rose slightly by 0.3%. China Life (02628.HK) and Ping An (02318.HK) fell by 0.9% to 1.8%.

International gold prices reached new highs, and resource stocks performed well, with Jiangxi Copper (00358.HK) and Zijin (02899.HK) rising by 3.1% to 4.9%, and Minmetals Resources (01208.HK) rising by 3% to report HKD 8.67, setting a historical high. Zhaojin (01818.HK) and Shandong Gold (01787.HK) each rose over 4% in the half-day, while China Gold International (02099.HK) rose by 6.3%. International silver prices broke records, with China Silver (00815.HK) rising by 5.8% in the half-day.

China Shenhua (01088.HK) opened high but softened, falling by 1.1% in the half-day. It announced the acquisition of parent company assets for a total price of RMB 133.6 billion, with 30% to be paid through the issuance of consideration shares and the remaining 70% settled in cash. The company plans to raise RMB 20 billion through A-shares.

New consumption stocks performed well, with Laopai (06181.HK) surging by 5.1%, reporting HKD 691.5, with a turnover of HKD 483 million. Mixue (02097.HK) rose by 9.4%, reporting HKD 432.2, with a turnover of HKD 328.5 million. Pop Mart (09992.HK) rose by 4%, reporting HKD 200.6, with a turnover of HKD 1.026 billion. Mixue Ice City is internationalizing its business, with its Hollywood store in Los Angeles officially opening last Saturday (20th), located directly opposite the "Chinese Theatre" on the Walk of Fame, and offering affordable prices, as indicated by the store's function list The signature ice cream is priced at $1.19.

Some AI-related stocks surged, with SenseTime-W (00020.HK) rising 7.5% to HKD 2.02, with a transaction volume of HKD 1.036 billion. GDS Holdings Limited-SW (09698.HK) rose 3.1% to HKD 34.72. Yangtze Optical Fibre and Cable (06869.HK) increased 9.7% in half a day, with a transaction volume of HKD 2.176 billion.

WuXi AppTec stocks fell against the market trend, with WuXi Biologics (02269.HK) and WuXi AppTec (02359.HK) dropping 3.6% and 2.4%, respectively, ranking as the top two decliners among blue-chip stocks. Innovent Biologics (01801.HK), China National Pharmaceutical Group (01177.HK), and Hansoh Pharmaceutical (03692.HK) each fell over 1%. Hang Lung Properties (00101.HK) also dropped 2.3%