Hang Seng Index gains 313 points, tech and financial stocks lead the market
The Hang Seng Index opened higher, gaining 193 points to reach 26,321, and is currently up 313 points or 1.2%, standing at 26,442. The China Enterprises Index rose by 89 points or 0.95% to 9,392, while the Tech Index increased by 86 points or 1.4%, reaching 6,281. The main board recorded a turnover of HK$82 billion.
Technology stocks saw broad-based gains. Tencent climbed 1.9%, Alibaba surged 2.8%, and Meituan rose 1.7%. However, Xiaomi Group slipped slightly by 0.4%. JD.com advanced 2.1%, and Kuaishou experienced the largest gain in the sector, rising 3.2%.
Financial stocks also performed well. HSBC Holdings rose by 1.4%, AIA Group jumped 2.7%, Ping An Insurance edged up 0.9%, and the Hong Kong Exchanges and Clearing Limited gained 1.5%.
Zijin Mining Group advanced by 2.6%. Its subsidiary, Zijin Global Gold, is set to debut on the market this Tuesday. Meanwhile, CATL (Contemporary Amperex Technology Co.) achieved a new record high, with its shares rising 4.2%.
Source: Dimsumdaily.hk