"Hong Kong Stocks" The Hang Seng Index rose 776 points throughout the day, with resource and technology stocks gaining, while pharmaceutical stocks were sold off

The United States and Iran agreed to a two-week ceasefire, which boosted the performance of overseas stock markets. After the Easter and Qingming Festival holidays, the Hong Kong stock market opened high, rising 656 points, and later surged by 817 points to a peak of 25,934 points, closing at 25,893 points, up 776 points or 3.1%; the Hang Seng China Enterprises Index rose 220 points or 2.6%, closing at 8,677 points; the Hang Seng Tech Index increased by 244 points or 5.2%, closing at 4,923 points. The total market turnover for the day increased to HKD 372.437 billion.

Negotiations between the United States and Iran took place on Friday (10th) in the capital of Pakistan, and it was reported that during the ceasefire, Iran and Oman would charge fees for ships passing through the Strait of Hormuz. International oil prices plummeted, with CNOOC (00883.HK) down 3.3%. PetroChina (00857.HK) fell nearly 2%. Sinopec (00386.HK) rose 2.8%. Coal stock Shenhua (01088.HK) dropped 2.1%.

Gold mining stocks Zijin (02899.HK) and Lingbao (03330.HK) rose 5.3% and 9.3%, respectively, while China Gold International (02099.HK) increased by 10.8%. Resource stocks Jiangxi Copper (00358.HK) and Minmetals Resources (01208.HK) rose 8.7% and 10%, respectively, while Luoyang Molybdenum (03993.HK) also rose 10.6%, making it the best-performing blue-chip stock. Aluminum stocks Hongqiao (01378.HK) and Chalco (02600.HK) rose 1.9% and 4.7%, respectively. Airline stocks China Southern Airlines (01055.HK), China Eastern Airlines (00670.HK), and Air China (00753.HK) rose between 5.4% and 8.1%.

The State Administration for Market Regulation required Meituan (03690.HK), Taobao Flash Sale, and JD.com (09618.HK) to strengthen their primary responsibility for food safety, with Meituan rising 10.3% and JD.com also up 3.6%. In other tech stocks, Tencent (00700.HK) rose 3.8%, and Alibaba (09988.HK) rose 6.8%. Lenovo (00992.HK), Bilibili (09626.HK), Kuaishou (01024.HK), Baidu (09888.HK), and NetEase (09999.HK) each rose between 2.2% and 5.8%. Weimob (02013.HK) rose 8.9%, as the company launched a retail industry-specific AI Skill integrated into the lobster ecosystem. SenseTime (00020.HK) increased by 9.7%.

As for chip stocks, SMIC (00981.HK) rose 10.1% for the day, and Hua Hong (01347.HK) increased by 14.7%. AI stock Zhizhu (02513.HK) surged 11.5%, with its open-source next-generation model GLM-5.1 GLM increasing in price by 10%. MiniMax (00100.HK) rose 5.2%. Changfei Fiber Optic Cable (06869.HK) jumped 18.9% to close at HKD 224.8.

In the financial sector, HSBC (00005.HK) rose 6.6%, Hong Kong Exchanges and Clearing (00388.HK) increased by 4.1%, and AIA (01299.HK) rose 2.9%. Domestic insurance stocks Ping An (02318.HK) and China Life (02628.HK) rose 3.7% and 5%, respectively Apple's foldable iPhone encounters engineering challenges, but Apple-related stocks rise with the market, with AAC Technologies (02018.HK) up 7.4%, Sunny Optical (02382.HK) up 5.3%, and BYD Electronics (00285.HK) up 5.7%. Automotive stocks generally perform well, with Nio (09866.HK), XPeng (09868.HK), Li Auto (02015.HK), and Xiaomi (01810.HK) each rising between 2.1% and 6.1%.

The Panama Port Company has initiated arbitration proceedings against Maersk regarding the takeover of the container terminal in Panama, with CK Hutchison (00001.HK) up 3.9% and its subsidiary CK Asset (01113.HK) up 3.4%. Local property stocks also saw gains, with New World Development (00016.HK) up 5.6%, Hang Lung Properties (00101.HK) up 4.9%, and Henderson Land (00012.HK) up 3.8%.

Additionally, Pop Mart (09992.HK) rose 7.6%, amid rumors that Wang Ning sent an internal letter discussing the company's stock price fluctuations, which were later denied by informed sources. In contrast, pharmaceutical stocks faced selling pressure, with China National Pharmaceutical (01177.HK) down 4.6%, making it the worst-performing blue-chip stock. CSPC Pharmaceutical (01093.HK) and Hansoh Pharmaceutical (03692.HK) fell between 4.1% and 2.9%