"Hong Kong Stocks" The Hang Seng Index closed up 233 points, LI NING rose over 4%, and YOFC surged 21%

Hong Kong stocks rose under the influence of the mainland stock market, with the Hang Seng Index opening 8 points higher, initially dropping 67 points to a low of 25,168 points before rebounding. In the afternoon, it rose 259 points, reaching a high of 25,494 points. The index closed up 233 points or 0.9% at 25,468 points; the National Index rose 85 points or 1% to close at 8,843 points; the Hang Seng Tech Index rose 55 points or 1% to close at 5,457 points. The total market turnover for the day decreased to HKD 183.141 billion.

In the tech sector, Alibaba (09988.HK), Tencent (00700.HK), JD.com (09618.HK), and Bilibili (09626.HK) rose between 1.1% and 1.4%, while Meituan (03690.HK) and Kuaishou (01024.HK) rose 1.8% and 1.7%, respectively. Domestic media reported that Kunlun Core will complete its restructuring and accelerate its listing process, leading to a 1.7% rise in Baidu (09888.HK). NetEase (09999.HK) fell 0.4%. Muxi Co., Ltd. (688802.SH) debuted on the Shanghai STAR Market, with its stock price soaring 6.9 times throughout the day. Chip stocks SMIC (00981.HK) and Hua Hong (01347.HK) rose 2% and 2.9%, respectively.

In the wire and cable sector, YOFC (06869.HK) rebounded 21.2%, with turnover exceeding HKD 3 billion. Reports indicated that Apple (AAPL.US) plans to significantly expand its iPhone production line, leading to increases of 4.2% and 2.6% in Lens Technology (06613.HK) and GoerTek (01415.HK), respectively.

With the far-right candidate elected as Chile's president, the market is paying attention to lithium supply, causing lithium stocks Ganfeng Lithium (01772.HK) and Tianqi Lithium (09696.HK) to rise 5.7% and 5.8%, respectively, while battery stock CATL (03750.HK) rose 1%. In the automotive sector, Xiaomi (01810.HK) and BYD (01211.HK) rose 0.8% and 0.7%, respectively. In the autonomous driving concept stocks, Pony.ai (02026.HK) rose 7.1%, while Hesai (02525.HK) and WeRide (00800.HK) rose 5.5% and 4.8%, respectively.

In the sportswear sector, LI NING (02331.HK) rose 4.3%, with Daiwa indicating that the Olympic product series and new store image launch are expected to rapidly increase brand popularity. In the aviation sector, China Southern Airlines (01055.HK) rose 5.9%, while China Eastern Airlines (00670.HK) and Air China (00753.HK) rose 4% and 3.8%, respectively. Luggage manufacturer Samsonite (01910.HK) rose 3.7%, and travel platform Tongcheng (00780.HK) rose 3.4%. Retail stock Pop Mart (09992.HK) also rose 3.4%.

Silver prices broke records during the Asian session, with China Silver Group (00815.HK) rising 7.4%. Resource stocks Jiangxi Copper (00358.HK) and Minmetals Resources (01208.HK) rose 4% and 3.8%, respectively, while gold stock Shandong Gold (01787.HK) rose 2.5% In the financial sector, HSBC (00005.HK) and Hong Kong Exchanges and Clearing (00388.HK) rose by 1.1% and 0.6%, respectively, while AIA (01299.HK) increased by 1.4%. The mainland stock market rose, with China Life (02628.HK) and Ping An (02601.HK) up by 4.3% and 3%, respectively. Among brokerage stocks, CITIC Securities (06030.HK) rose by 3.4%. In the utilities sector, CK Infrastructure (01038.HK) and Power Assets (00006.HK) rebounded by 3% and 2.4%, respectively