A-Share Three Major Indices Gain 0.3%-1.7% at Midday; ZHONGJI INNOLIGHT Rises Over 4%; Computing Power Leasing Concept Stocks Advance
AASTOCKS News·- The RMB central parity rate against the USD was set at 6.7882, and the PBOC conducted a net liquidity withdrawal of RMB5 billion through reverse repos. - The three major A-share indices reversed higher to gain 0.3%-1.7% by midday, driven by advances in computing power leasing concept stocks and chip stocks. - Computing power stocks surged following the release of Shanghai's 15th Five-Year Plan and market rumors regarding NVIDIA's potential investments.HSI Opens Up 61 Pts, as BABA-W Up 2%, MINIMAX-W Up 4%+
AASTOCKS News·- The HSI opened higher at 25,998 points, rising 61 points or 0.24% amid mixed global market cues. - Major tech stocks showed varied performances, with BABA-W gaining 2.13% and MINIMAX-W soaring over 4%. - Spot gold rebounded above USD 4,400 per ounce, driving gains across gold mining and jewelry stocks.HSI Opens Down 248pts as AIA Slumps Over 6%, HSBC HOLDINGS Falls Over 1%; Gold Stocks Sought After
AASTOCKS News·- The Hang Seng Index opened 248 points lower at 25,667, driven by declines in major insurance stocks following reports of China imposing a 20 percent personal income tax on offshore policy gains. - Insurance giants faced heavy selling pressure with AIA slumping over 6 percent and HSBC Holdings falling more than 1 percent. - Meanwhile, spot gold surged past USD 4,200 to hit a near two-month high, prompting strong gains across gold stocks like Zijin Mining and Laopu Gold.