"Hong Kong Stocks" The Hang Seng Index closed up 699 points, reaching a high not seen in over four and a half years, with financial, real estate, and commodity stocks leading the gains

The US Dollar Index has fallen to a four-year low, while Hong Kong stocks have risen significantly. The Hang Seng Index opened 198 points higher and the gains expanded throughout the day, closing at a high of 27,826 points, up 699 points or 2.6%, reaching a high not seen in over four and a half years; the National Index rose 267 points or 2.9%, closing at 9,512 points; the Hang Seng Tech Index rose 145 points or 2.5%, closing at 5,900 points. The total market turnover for the day was HKD 361.523 billion.

Financial stocks performed well, with HSBC Holdings (00005.HK) and BOC HONG KONG (02388.HK) rising 2.2% and 2.5%, respectively. Hong Kong Exchanges and Clearing (00388.HK) and AIA (01299.HK) rose 2% and 2.8%. Domestic bank stocks such as China Construction Bank (00939.HK), Industrial and Commercial Bank of China (01398.HK), and Bank of China (03988.HK) rose between 3.3% and 3.6%, while domestic insurance stocks like China Life (02628.hk) rose 3.2%. Local property stocks such as Sun Hung Kai Properties (00016.HK) and Henderson Land (00012.HK) rose 3.6%, while Hang Lung Properties (00101.HK) and Wharf Real Estate Investment (01997.HK) rose 3.1%. Domestic property stocks China Jinmao (00817.HK) and GREENTOWN CHINA (03900.HK) rose 11.9% and 9%, respectively, while New World Development (01030.HK), R&F Properties (01109.HK), Sunac (01918.HK), and Vanke (02202.HK) rose between 3.6% and 4.6%. Property management stocks such as China Resources Mixc (01209.HK) rose 4%.

Spot gold has surpassed USD 5,200, and silver futures surged. Shandong Gold (01787.HK) and Zijin Mining International (02259.HK) rose 8.7%, while China Silver (00815.HK) and Zhaojin Mining (01818.HK) rose 5.2% and 6.1%, respectively. Lingbao Gold (03330.HK) and Zijin (02899.HK) rose over 3%. Resource stocks such as Hongqiao Group (01378.HK) and Jiangxi Copper (00358.HK) rose 7.3% and 8.3%, respectively, while Aluminum Corporation of China (02600.HK) rose 12.7%, and China Molybdenum (03993.HK) rose 5.5%. In the oil sector, Sinopec (00386.HK) rose 3.6%, while PetroChina (00857.HK) and CNOOC (00883.HK) rose 5% and 4.8%, respectively, and CNOOC (02883.HK) rose 4.8%.

China National Building Material (03323.HK), China Railway (00390.HK), and Conch Venture (00586.HK) rose between 4.6% and 6%, while China General Nuclear Power Corporation (01164.HK) rose 11.6%. In the telecommunications sector, China Telecom (00728.HK) and China Unicom (00762.HK) rose 6.3% and 4.9%, respectively, while China Mobile (00941.HK) rose 3.1% In the technology sector, Tencent (00700.HK), Alibaba (09988.HK), Meituan (03690.HK), JD.com (09618.HK), and NetEase (09999.HK) rose by 1.9% to 2.4%. Kuaishou (01024.HK) and Bilibili (09626.HK) increased by 4.4% and 3.6%, respectively, while Baidu (09888.HK) rose by 0.6%. Additionally, Tencent Music (01698.HK) and Xindong (02400.HK) increased by 3.6% and 11.2%, respectively. Cloud service providers Kingsoft Cloud (03896.HK) and GDS Holdings (09698.HK) rose over 3%, AI stock SenseTime (00020.HK) increased by 3.3%, and Yunzhisheng (09678.HK) surged by 74%. In the chip sector, SMIC (00981.HK) rose by 3.6%, Huahong (01347.HK) and Biren Technology (06082.HK) increased by 7.4% and 5.2%, respectively, while Nexperia (02676.HK) rose by 11%. In the wire sector, Changfei Optical Fiber (06869.HK) surged by 15.4%. Meta reportedly spent $6 billion to purchase optical fibers from Corning, triggering a surge in global wire stocks.

In the automotive sector, BYD (01211.HK), Li Auto (02015.HK), and Nio (09866.HK) rose by 4% to 4.9%, Xiaomi (01810.HK) increased by 2.1%, and pharmaceutical stocks such as CSPC (01093.HK) rose by 6.1%, while BeiGene (06160.HK) and Innovent Biologics (01801.HK) increased by 4.1% and 3.3%, respectively. Junshi Biosciences (01877.HK) fell by 5.1%. CanSino Biologics (06185.HK) is expected to turn a profit last year, earning at least 24.5 million yuan, but its stock price fell by 3.4%.

In other stocks, China Overseas Property (02669.HK) is expected to see a 9% to 10% drop in annual net profit and was downgraded by JPMorgan to "underweight," with its stock price falling by 11.9%. Mixue (02097.HK) fell by 10.9%, while Pop Mart (09992.HK) rose by 7%. Airline stocks China Southern Airlines (01055.HK) and China Eastern Airlines (00670.HK) fell by 6.8% and 5.7%, respectively, while Air China (00753.HK) fell by 3.6%. Snack chain Mingming Hen Mang (01768.HK) debuted at 400 HKD, up 69% from its listing price of 236.6 HKD