Hong Kong Stocks Surge, Hang Seng Index Opens Up 543 Points

WikiStock

2024-09-30 13:44

Stimulated by mainland policies, Hong Kong stocks rose across the board, with the Hang Seng Index opening up 543 points. Tech and property stocks performed strongly, and a subsidiary of NIO secured a significant investment, with its stock price soaring by 15%.

　　Image Source: rthk

　　Hong Kong stocks continued their upward momentum, with the Hang Seng Index opening up 543 points (+2.6%), at 21,175 points; the National Index opened up 199 points (+2.7%), at 7,499 points; and the Hang Seng Tech Index opened up 195 points (+4.4%), at 4,648 points. Property stocks such as Longfor (00960.HK) and Yuexiu Property (00123.HK) opened up 15% and 14% respectively, benefiting from the Ministry of Housing's support for first-tier cities.

　　Shanghai supports car trade-ins, with Xiaopeng (09868.HK) and Li Auto (02015.HK) opening up 7.4% and 5.3%. A subsidiary of NIO (09866.HK) secured a strategic investment of 3.3 billion yuan, with its stock price opening up 15%. In the tech sector, Alibaba (09988.HK), JD.com (09618.HK), and Kuaishou (01024.HK) opened up between 4.9% and 5%.

　　Additionally, Tencent (00700.HK) opened up 2.7% due to new game licenses. Financial stocks such as HKEX (00388.HK) and AIA (01299.HK) opened over 5% higher. Consumer stocks including Tongcheng Travel (00780.HK) and Mengniu (02319.HK) also opened more than 5% higher. WuXi Biologics (02269.HK) opened up 9.5%.

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.