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Hong Kong Stock Market Trends | Hang Seng Index opens high with a rebound of 155 points, tech stocks recover

HKEJ

4 hours ago

Complete. Here is the key summary

Disclaimer

The Hong Kong Hang Seng Index opened high with a rebound of 155 points, reporting at 22,827 points. Driven by the recovery of technology stocks, companies like Trip.com, NetEase, and Baidu saw significant increases, becoming the main force behind the market rebound. In terms of new stocks, Baige Digital, ALEBUND-B, and CREALIGHTS all opened significantly higher. HSBC Holdings saw a slight decline, while AIA opened flat

U.S. stocks were slightly soft last Friday, with the Golden Dragon Index, which reflects the performance of Chinese concept stocks, closing up 0.7%. After a cumulative drop of 1,252 points last week and falling below the 23,000 mark, the Hong Kong stock market rebounded this morning, with the Hang Seng Index opening over 100 points higher.

The Hang Seng Index opened up 155 points or 0.69%, at 22,827 points.

The National Index opened up 76 points or 1.03%, at 7,537 points.

The Tech Index opened up 67 points or 1.6%, at 4,323 points.

This morning, three new stocks debuted. The insurance technology company Baige Digital ( 02672) opened up 2.9 times, at 61.1; the biopharmaceutical company Alebund-B ( 09637) opened up 85.8%, at 42 HKD; and the optoelectronic interconnection product provider CREALIGHTS ( 01191) opened up 75.4%, at 199.9 HKD.

The rebound of tech stocks is the main driving force behind the market's recovery. Trip.com ( 09961) opened up 4.5%, at 318.8 HKD; NetEase ( 09999) opened up 4.1%, at 195.2 HKD; Baidu ( 09888) opened up 4%, at 102.7 HKD; Meituan ( 03690) opened up 3.5%, at 66.5 HKD; JD.com ( 09618) opened up 3.1%, at 99 HKD, making it the best-performing blue chip at the opening; Tencent ( 00700) opened up 1.3%, at 417 HKD; Alibaba ( 09988) opened up 2.5%, at 91.7 HKD; and Xiaomi ( 01810) opened up 1.3%, at 21.7 HKD HSBC Holdings ( 00005) opened down 0.6%, at HKD 146.8; AIA ( 01299) opened flat at HKD 70.8.

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