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<H Shrs>HSI Rallies 1,268 pts at Midday w/ Turnover $230B+ as CN Developers, Brokers, Techs Remain Robust
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The HSI swelled 1,268 points or 6% to 22,401 at midday. The HSCEI mounted 541 points or 7.2% to 8,051. The HSTECH elevated 414 points or 6.7% to 5,166. The total half-day turnover of the market amounted to $235.382 billion.

Chinese developers significantly surged. SHIMAO GROUP (00813.HK), AGILE GROUP (03383.HK) and CIFI HOLD GP (00884.HK) skyrocketed 64-87%, while SINO-OCEAN GP (03377.HK), KWG GROUP (01813.HK) and R&F PROPERTIES (02777.HK) leapfrogged 48-57%. CHINA JINMAO (00817.HK), SUNAC (01918.HK) and CHINA VANKE (02202.HK) spiked 40-43%, while LONGFOR GROUP (00960.HK) and YUEXIU PROPERTY (00123.HK) soared 29% and 24%.

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Property managers CG SERVICES (06098.HK) escalated 23%, while building materials stock BBMG (02009.HK) mushroomed 18%. Home appliance stocks HISENSE HA (00921.HK) and MIDEA GROUP (00300.HK) shot up 16% and 11%.

Brokers GF SEC (01776.HK), CSC (06066.HK), CITIC SEC (06030.HK), HTSC (06886.HK), CICC (03908.HK) and CGS (06881.HK) surged 24-30%. Chinese insurers ZA ONLINE (06060.HK), CPIC (02601.HK) and PING AN (02318.HK) ascended 13-15%, while CHINA LIFE (02628.HK) advanced 8.6%. Chinese bank CM BANK (03968.HK) jumped up 13%, while PSBC (01658.HK) leaped 12% after a cut in deposit agency fee, with positive view from JPMorgan.

Techs remained robust. TENCENT (00700.HK), BABA-W (09988.HK) and NTES-S (09999.HK) gained 6-6.8%, while XIAOMI-W (01810.HK) and KUAISHOU-W (01024.HK) climbed 7.8% and 8.7%. MEITUAN-W (03690.HK), JD-SW (09618.HK) and BIDU-SW (09888.HK) inclined 11-15%, while BILIBILI-W (09626.HK) rocketed 20%. In addition, EAST BUY (01797.HK) escalated 29%, while ALI HEALTH (00241.HK), WEIMOB INC (02013.HK), CHINASOFT INT'L (00354.HK) and KINGDEE INT'L (00268.HK) surged 10-14%.

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