Hong Kong stocks closed｜The Hang Seng Index rose moderately, with the technology and financial sectors showing overall strength, and Xiaomi Group rose 1.91%, leading capital attention

The Hong Kong stock market closed today with all three major indices achieving moderate gains, as major blue chips and technology leaders generally strengthened, maintaining active market sentiment. The technology and financial sectors performed prominently, with Xiaomi Group and Ping An recording increases of 1.91% and 6.71%, respectively, becoming highlights of the market. Retail sales in October continued to grow year-on-year, stimulating domestic demand and recovery expectations, but structural high point pressures still need to pay attention to changes in volume and external sentiment

Insurance stocks improved in the afternoon, Ping An gained 6% after Morgan Stanley added it to the focus list

The domestic insurance stocks performed well in the afternoon, with Ping An being added to Morgan Stanley's focus list, and its stock price rose by 6%. Morgan Stanley's outlook on Ping An has turned more positive, believing that there are key opportunities in wealth management, healthcare, and elderly care services, and that investor concerns are dissipating

The total short selling in the Hong Kong stock market for the day was HKD 29.97 billion, accounting for 15.7% of the turnover of shortable stocks

The total short selling amount in the Hong Kong stock market reached HKD 29.97 billion, accounting for 15.7% of the turnover of shortable shares. The main shorted stocks include Xiaomi Corporation, Tracker Fund of Hong Kong, Ping An, Alibaba, and INNOVENT BIO, with short selling ratios of 18.7%, 26.3%, 33.2%, 9.5%, and 36.7%, respectively

The Hang Seng Index closed up 0.58%, and the Hang Seng Tech Index rose 0.84%. Insurance stocks led the gains, with Ping An rising nearly 7% and China Life up over 5%. Baidu Group rose more than 5%, leading the tech stocks; new energy vehicle concept stocks rebounded, with XPeng and NIO both rising over 2%

The Shangai Composite Index Closes 0.69% Higher

In China, the Shangai Composite Index went up by 27 points or 0.69 percent on Friday.Top gainers were China Pacific Insu (7.30%), Ping An Insurance (5.99%) and China Life Insurance (4.95%).Biggest losses came from China Coal (-1.72%), China Eastern Airlin (-1.54%) and Bank Of China (-1.19%).