Hong Kong Stock Midday Review | Hang Seng Index rose 1.19% in the morning session, with JD.com leading blue-chip weights
The Hong Kong Hang Seng Index rose 1.19% in the morning session, reporting 26,246 points, with a turnover of HKD 169.6 billion. JD.com rose 4.63% after reaching a strategic cooperation with JINJIANG HOTELS. YUNFENG FIN surged 36%, approved to provide virtual asset trading services. GDS Holdings rose 5.82%, planning to raise no less than USD 1 billion. Inspur Digital Technology rose 9%, with significant growth in cloud service business. Chuangsheng Group fell over 9%, planning to raise funds through discounted placement. Photovoltaic stocks generally declined
According to Zhitong Finance APP, the Hang Seng Index rose by 1.19%, up 308 points, closing at 26,246 points; the Hang Seng Tech Index increased by 1.8%. The Hong Kong stock market saw a turnover of HKD 169.6 billion in the morning session.
JD.com-SW (09618) rose by 4.63%, reaching a strategic cooperation with JINJIANG HOTELS to innovate dining consumption scenarios.
YUNFENG FIN (00376) surged by 32%, with its subsidiary YUNFENG SECURITIES approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services.
GDS Holdings-SW (09698) increased by 5.82%, with reports indicating that the company's DayOne plans to raise no less than USD 1 billion in Series C financing.
Inspur Digital Technology (00596) rose by 9%, with significant growth momentum in the company's cloud service business, and the application scenarios for Haiyue commercial AI have become richer compared to the beginning of the year.
Yingensheng Biotechnology-B (09606) surged over 7% to reach a new high, recently included in the Hong Kong Stock Connect, with plans to apply for listing of HER2 ADC.
Sino Biopharmaceutical-B (02257) rose over 9% again, with Huaxi Biotechnology subscribing for over 9% of the company's shares, increasing its investment in the small nucleic acid medical beauty sector.
China Foods (00506) rose over 7% in the morning, as the company was officially included in the Hong Kong Stock Connect list, with UBS optimistic about the new channel helping to boost market share.
Chuangsheng Group-B (06628) fell over 9%, as the company plans to raise funds through a discounted placement of over 18% for the development of drugs like TST001.
Daheng Technology (02543) fell over 8% on its second day of listing, after opening high and closing nearly 15% up yesterday. Daheng Technology is the largest folding bicycle company in mainland China.
Ningde Times' Yichun lithium mine is expected to resume production soon, with Ganfeng Lithium (01772) down over 6% and Tianqi Lithium (09696) down over 7%.
Photovoltaic stocks generally fell in the morning, with polysilicon futures declining again. Institutions remain optimistic about the sector's resilience. Xinte Energy (01799) fell by 4.01%; Xinyi Glass (00868) fell by 3.32%; Fuyao Glass (06865) fell by 3.17%
