"Hong Kong Stocks" Hang Seng Index rises 26 points in half a day, real estate and commodity stocks up, Zijin rises 5%

The US dollar exchange rate has declined, and Hong Kong stocks rose today (26th) driven by real estate stocks. The Hang Seng Index opened 94 points higher and fluctuated, dropping 129 points to a low of 26,619 points, then rising 161 points to a high of 26,911 points, closing up 26 points or 0.1% at 26,775 points; the Hang Seng China Enterprises Index fell 7 points or less than 0.1% to 9,153 points; the Hang Seng Tech Index dropped 75 points or 1.3% to 5,722 points. The total turnover of the market for the half day was HKD 151.051 billion.

Local real estate stocks rose, with Sun Hung Kai Properties (00016.HK) and Hang Lung Properties (00101.HK) up 4.8% and 3.8%, New World Development (00017.HK) and Cheung Kong Holdings (01113.HK) up 2.5% and 3%. CK Hutchison Holdings (00001.HK) is reported to plan to split the port sale transaction into different ownership structure independent projects to advance the sale plan, rising 4% to HKD 65.3.

Spot gold broke through USD 5,000, and silver rose to USD 105, boosting gold and silver stocks. China Silver Group (00815.HK) rose 11.8%, China Gold International (02099.HK) rose 7.3%. Shandong Gold (01787.HK) and Lingbao (03330.HK) rose 3.8%, and Zhaojin (01818.HK) rose 2.5%. Zijin Mining (02899.HK) saw its giant Long Copper Mine Phase II go into production, with its stock price rising 5%. Resource stocks such as China Minmetals (01208.HK) and Luoyang Molybdenum (03993.HK) rose 4.7% and 6.4%, while Jiangxi Copper (00358.HK) and Chalco (02600.HK) rose 3.7%. Gold jewelry retailers Lao Pu Gold (06181.HK) and Chow Tai Fook (01929.HK) rose 6.9% and 3.5%.

In the oil sector, Sinopec (00386.HK) rose 2.5%, while PetroChina (00857.HK) and CNOOC (00883.HK) rose 3.7% and 4.3%. Energy-related stocks also rose, with China General Nuclear Power (01164.HK) and COSCO Shipping Energy (01138.HK) up 8.8% and 6.5%, and CNOOC Services (02883.HK) and CIMC Enric (03899.HK) up 4.8% and 4.2%.

It is reported that China has in principle approved Alibaba (09988.HK), Tencent (00700.HK), and ByteDance to purchase NVIDIA (NVDA.US) H200 chips. Tencent rose 0.9%, Alibaba fell 1.2%, while chip stocks SMIC (00981.HK) and Will Semiconductor (06082.HK) fell 3.5%, Innovent Biologics (02577.HK) and Tianshu Zhixin (09903.HK) fell 4.4% and 5.5%, and Hua Hong Semiconductor (01347.HK) fell 0.5% In terms of other technology stocks, Kuaishou (01024.HK) and Baidu (09888.HK) fell by 3.6% and 4.1%, Meituan (03690.HK) dropped by 0.9%, while NetEase (09999.HK) and JD.com (09618.HK) rose by 0.5% and 1.4%. Meitu (01357.HK), Bilibili (09626.HK), and Kingdee (00268.HK) fell by 3% to 3.1%, while Weimob (02013.HK) and Tencent Music (01698.HK) rose by 5.1% and 7.6%, respectively. Kingsoft Cloud (03896.HK) increased by 6.8%. In the mobile component sector, GoerTek (01415.HK), Q Technology (01478.HK), and Sunny Optical (02382.HK) fell by 2.9% to 3.3%, while Lens Technology (06613.HK) dropped by 5.7%. In the AI sector, Jingta (02228.HK) and Inspur Intelligent (03696.HK) fell by 6.2% and 11.1%, while Zhizhu (02513.HK) rose by 5.2%. In the wire sector, Changfei Optical Fiber (06869.HK) increased by 14.8%.

In terms of financial stocks, HSBC (00005.HK) and AIA (01299.HK) rose by 0.5% and 0.2%, while Hong Kong Exchanges and Clearing (00388.HK) rose by less than 0.1%. Among domestic insurance stocks, China Taiping (00966.HK) and brokerage stock GF Securities (01776.HK) rose by 4.1% and 4%. In the consumer sector, Li Ning (02331.HK), Yihai (01579.HK), and Master Kong (00322.HK) fell by 3.5% to 4.6%. Pop Mart (09992.HK) launched a co-branded trendy toy phone with Honor, and according to reports, there are purchase inquiries on second-hand trading platforms, with Pop Mart opening up 4.3% and rising 0.1% for the half-day. In the automotive sector, BYD (01211.HK) and Xiaomi (01810.HK) fell by 1.1% and 2.3%, while Nio (09866.HK), XPeng (09868.HK), and Chang'an Automobile (02333.HK) fell by 4%