"Hong Kong Stocks" Hang Seng Index rises 385 points in half a day, with insurance and financial stocks leading the gains; POP MART rebounds over 5%

U.S. stocks significantly rose last Friday (6th), and Hong Kong stocks opened higher in the morning following the positive external environment. The Hang Seng Index opened up 422 points, initially rising 524 points to a high of 27,084 points, closing up 385 points or 1.5% at 26,945 points; the National Index rose 111 points or 1.2% to 9,142 points; the Hang Seng Tech Index rose 55 points or 1% to 5,401 points, with a total market turnover of HKD 136.256 billion for the half-day.

Domestic insurance stocks rose, with China Life (02628.HK) recently receiving additional purchases from Ping An (02318.HK). China Life and Ping An both rose by 4.5% and 4.1%, respectively, while China Taiping (00966.HK) and Taikang (02601.HK) rose by 4.1% and 3.6%.

The Shanghai Composite Index rose over 1% to surpass 4,100 points, with brokerage stocks GF Securities (01776.HK) and Huatai Securities (06886.HK) rising by 3.1% and 2.7%. In other financial stocks, HSBC (00005.HK), Hong Kong Exchanges and Clearing (00388.HK), AIA (01299.HK), and Standard Chartered (02888.HK) rose by 2.8% to 3%. Commodity prices rebounded, with China National Gold International (02099.HK), Zhaojin Mining (01818.HK), Zijin Mining International (02259.HK), and Zijin Mining (02899.HK) rising by 3.3% to 4.2%, and China Silver (00815.HK) rising by 4.9%.

External technology stocks rebounded, with tech stocks generally rising. Tencent (00700.HK) and JD.com (09618.HK) rose by 1.1% and 1.4%, while Alibaba (09988.HK) and Baidu (09888.HK) rose by 1.9% and 3.3%. Meituan (03690.HK) fell by 1.0%, and NetEase (09999.HK) rose by 1%. Kuaishou (01024.HK) was fined nearly RMB 120 million by the Beijing Cyberspace Administration, causing its stock price to drop by 4.3%. Additionally, JD Health (06618.HK) and Xindong (02400.HK) rose by 4% and 4.2%, while Kingsoft Cloud (03896.HK) and Yuewen (00772.HK) rose by 7.7% and 10.1%. AI stocks Paradigm Intelligence (06682.HK) and Envision (03696.HK) rose by 3.6% and 3.9%, respectively, MINIMAX (00100.HK) rose by 6.5%, and Zhiyu (02513.HK) rose by 17.6%.

In the chip sector, SMIC (00981.HK), Wall Street (06082.HK), and Naxin Micro (02676.HK) rose by 3.6% to 4.3%, while Hua Hong Semiconductor (01347.HK) and Innosilicon (02577.HK) rose by 5.1% and 6.7%. Chip developer Lattice Semiconductor (06809.HK) debuted at a half-day closing price of HKD 160.5, up 50.2% from the issue price of HKD 106.89. Wire stocks like Yangtze Optical Fibre and Cable (06869.HK) rose by 14% to HKD 103.5, and telecommunications equipment stocks like ZTE (00763.HK) rose by 3.8%.

Consumer stocks rose, with POP MART (09992.HK) and Laopu Gold (06181.HK) rising by 5.8% and 4.1%, respectively. Morgan Stanley recently indicated that there may still be room for growth in POP MART for investors' holdings from March to April, believing that this year's product design will bring more surprises Yum China (09987.HK) and Yihai (01579.HK) rose over 3%, while the duty-free store China Duty Free Group (01880.HK) increased by 8.5%. Airline stocks China Southern Airlines (01055.HK) and Air China (00753.HK) rose by 3.6% and 3.8%, respectively, and casino stocks Melco International (00200.HK) increased by 6.4%. Automotive stocks Geely (00175.HK), BYD (01211.HK), XPeng (09868.HK), and Seres (09927.HK) rose by 1.7% to 2.3%, while Xiaomi (01810.HK) fell by 0.1%. Autonomous driving stocks WeRide (00800.HK), Pony.ai (02026.HK), and Hesai (02525.HK) rose by 5.2% to 6.3%. Automotive parts stocks Nexperia (01316.HK) and Minth Group (00425.HK) rose by 6.4% and 7.9%, respectively, while Hongteng (06088.HK) increased by 9.1%.

Domestic property stocks Yuexiu Property (00123.HK), Longfor (00960.HK), and Vanke (02202.HK) rose by 3.5% to 4.3%, while Sunac (01918.HK) increased by 7.4%. Local property stock New World (00017.HK) rose by 7.1% to HKD 10.66. Pharmaceutical stock Innovent Biologics (01801.HK) reached a global strategic cooperation with Eli Lilly, receiving a USD 350 million upfront payment, and its stock price rose by 5.9%. (fc/)