On Friday, October 6th, the Hong Kong stock market opened high and continued to rise. The Hang Seng Index expanded its gains to 2.16%, while the Hang Seng Tech Index rose by 2.23%.
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In terms of market performance, most sectors saw an increase.
Technology stocks across the board rose, with Baidu, Meituan, and Bilibili all up more than 3%. Real estate stocks led the gains (except for China Evergrande and Jinke Properties), while various segments of the healthcare sector also saw increases.
<h2>Technology stocks rise across the board, AI concept stocks strengthen</h2>
Baidu, Meituan, and Bilibili all rose by more than 3%, while Kuaishou, Tencent, Alibaba, NetEase, and JD.com all rose by more than 2%.
In terms of news, it was reported that Meituan's online platform saw a surge in consumer spending during the golden holiday period, surpassing the pre-pandemic levels of 2019. This news also drove up other e-commerce platforms.
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AI concept stocks showed strength. Meitu Inc. rose by nearly 7%, SenseTime rose by nearly 6%, and Baidu rose by more than 3%.
Recently, well-known international asset management institutions such as Fidelity, Robeco, Schroders, and Allianz have all expressed their views on investment opportunities in China's equity and bond markets, with a particular focus on sectors such as artificial intelligence.
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<h2>Most real estate stocks rise, China Evergrande falls by 3.12%</h2>
Country Garden rose by more than 5%, Agile Group and Sunac China rose by more than 4%, while Country Garden Services and China Evergrande Property Services fell by 3.12% and 1.82% respectively.
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Some real estate stocks declined, with China Evergrande falling by 3.12% and Evergrande Property Services falling by 1.82%.
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<h2>Various segments of the healthcare sector see increases</h2>
CXO pharmaceutical outsourcing: Tasly Pharmaceutical and Kanglong Pharmaceutical both rose by more than 3%, while WuXi AppTec and CStone Pharmaceuticals saw slight increases.
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Biopharmaceuticals: Qiming Medical rose by more than 5%, Mabpharm rose by 3.66%, and Kaituo Pharmaceuticals rose by nearly 3%.
Medical equipment: Nuohui Health rose nearly 8%, Baixinan rose nearly 5%, and Aikang Medical rose 3.67%.
Pharmaceutical stocks: Kangzhe Pharmaceutical, Sihuan Pharmaceutical rose more than 5%, Kaituo Pharmaceutical, CR Pharmaceutical rose more than 3%, Fosun Pharmaceutical rose nearly 3%, Shiyao Group, China Biopharmaceutical rose more than 2%.
Internet healthcare stocks: Alibaba Health, Ping An Good Doctor rose more than 4%, JD Health rose more than 2%.

Technology stocks are all rising, with AI concept stocks performing strongly. Meitu Inc. is up nearly 7%, SenseTime is up nearly 6%, Baidu Group, Meituan, and Bilibili are up over 3%. Most real estate stocks are rising, with Longfor Group up over 5%. Various segments of the healthcare sector are also seeing increases in their respective tracks.

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BIDU-SW

Bilibili

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MEITUAN-WR

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MEITU

Hang Seng Index

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Hong Kong stocks opened high and continued to rise, with the Hang Seng Index and Hang Seng Tech Index both up more than 2%. Technology, real estate, and healthcare sectors are all performing well.