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<H Shrs>HSI Closes Rallying 1310 Pts w/ Deals $430B+; CN Developers Skyrocket
Recommend 103 Positive 169 Negative 79 |
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Having resumed trading after the National Day holiday, Hong Kong stocks continued their upswing on the back of China's financial measures. The HSI opened 155 points higher and expanded its gains, peaking at 22,667 with a surge of 1,534 points at one point. It eventually ended the day up 1,310 points, or 6.2%, at 22,443. The HSCEI rose 531 points, or 7.1%, to close at 8,041. The HSTECH grew 405 points, or 8.5%, closing at 5,157. Market turnover for the whole day aggregated $434.017 billion. Chinese developers thrived on reports indicating that new home transactions spiked following Shenzhen's new property market policies. SHIMAO GROUP (00813.HK) and AGILE GROUP (03383.HK) rocketed 153% and 160%. CIFI HOLD GP (00884.HK), SINO-OCEAN GP (03377.HK), KWG GROUP (01813.HK), and R&F PROPERTIES (02777.HK) soared 89-103%. SUNAC (01918.HK) and CHINA VANKE (02202.HK) swelled 76% and 61%. CHINA JINMAO (00817.HK) hiked 41%. SEAZEN (01030.HK), LONGFOR GROUP (00960.HK), and YUEXIU PROPERTY (00123.HK) advanced over 20%. Property manager CG SERVICES (06098.HK) jumped up by 23%. Building materials stock BBMG (02009.HK) climbed 18%. Home appliance stocks HISENSE HA (00921.HK) and MIDEA GROUP (00300.HK) ascended 18% and 25%. Brokers CSC (06066.HK) spiked 48%. GF SEC (01776.HK), CITIC SEC (06030.HK), and CICC (03908.HK) escalated 31-39%, HTSC (06886.HK) and CGS (06881.HK) swelled 27% and 25%. Chinese insurers ZA ONLINE (06060.HK), CPIC (02601.HK), and PING AN (02318.HK) added 13-16%. CHINA LIFE (02628.HK) gained 10%. Chinese Banks CM BANK (03968.HK) grew 13%. PSBC (01658.HK) lowered its deposit agency fee, receiving positive comments from JPMorgan. Its stock price climbed 13%. Tech stocks continued to boom. TENCENT (00700.HK), BABA-W (09988.HK), NTES-S (09999.HK), and XIAOMI-W (01810.HK) shot up 4.6-6.7%, KUAISHOU-W (01024.HK), MEITUAN-W (03690.HK), JD-SW (09618.HK), and BIDU-SW (09888.HK) soared 9.1-14.7%. BILIBILI-W (09626.HK) spiked 22%. In addition, EAST BUY (01797.HK) and WEIMOB INC (02013.HK) rose over 40%. ALI HEALTH (00241.HK), CHINASOFT INT'L (00354.HK), and KINGDEE INT'L (00268.HK) swelled 10-15%. AAStocks Financial News |
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