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This week, Hong Kong stocks' star stocks | Expectations of top brokerages merging are hyped! A-share trading is hot! China-affiliated brokerage stocks collectively soaring; shanghai electric group skyrocketed by 62% in one week, officially announcing merg
This week, the Hong Kong stock market ended four consecutive weeks of decline, with daily levels still fluctuating. The Hang Seng Index rose by 1.08% to 20,728.19 points; during the same period, the Hang Seng Tech Index rose by 4.11% to 4,668.26 points; the Hang Seng China Enterprises Index rose by 1.62% to 7,461.44 points.
Hong Kong stock market retreats from its high levels, with the Hang Seng Index and the H-share Index both falling by over 1%; the real estate and brokerage sectors decline, Sunac drops more than 9%, Citic Securities falls by nearly 6%.
Network technology stocks decline, NetEase-S drops by 5.61%, Meituan-W drops by 4.05%; Securities and brokerage stocks weaken, CSC drops by 5.45%, China International Capital Corporation drops by 4.34%; Coal industrial concept stocks weaken, China Coal Energy drops by 4.22%, Kinetic Dev drops by 3.18%.
Stock market anomaly | zhongsheng hldg (00881) soared more than 30% on heavy volume. The news stated that it has secured the authorization of 50 Huawei HiCar dealerships.
zhongsheng hldg (00881) surged more than 30% on high volume, as of the time of publication, it rose by 30.97%, closing at 16.24 Hong Kong dollars, with a transaction value of 1.525 billion Hong Kong dollars.
Hong Kong stock market midday review | Hang Seng Index fell 0.86% in early trading, with the autos sector leading the gains
The new policy subsidies significantly boost auto consumption, and the year-end demand for car purchases will continue to be released.
Hong Kong stocks anomalies | Car dealers rise across the board in early trading. Industry associations frequently speak out, calling for relief. Significant decrease in dealer inventory warnings.
Car dealers/auto retailers rose across the board in early trading, as of press time, Meidong Auto (01268) rose by 5.78% to HK$2.38; Yongda Auto (03669) rose by 3.8% to HK$1.64; Harmony Auto (03836) rose by 1.3% to HK$0.78; Zhongsheng Hldg (00881) rose by 0.17% to HK$11.48.
Hong Kong stock market anomaly | Car dealers/auto retailers lead the gains, domestic passenger vehicle market price war stabilizing, reportedly some domestic silver banks have temporarily suspended the "high interest high return" cooperation.
Auto retailers lead the way, as of the time of publication, meidong auto (01268) rose by 5.63% to HK$2.44; zhongsheng hldg (00881) rose by 4.44% to HK$12.24; yongda auto (03669) rose by 3.61% to HK$1.72.
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