Hong Kong Stock Market Midday Review: Hang Seng Index surged in early trading but fell back, while property stocks experienced a pullback

USHK News
2024.10.17 04:07

Jinshi Data News on October 17th, the main valuation of Hong Kong stocks rose in the morning and then fell back. The Hang Seng Index opened higher in the morning, rising by more than 2% at one point; the Hang Seng TECH Index also rose by over 3% at one point. Subsequently, the gains narrowed, and by the noon break, the Hang Seng Index in Hong Kong rose by 0.81%, while the Hang Seng TECH Index rose by 1.34%. In terms of individual stocks, popular internet-related stocks all rose, with Xiaomi Corporation (01810.HK) rising by over 3% and JD.com (09618.HK) rising by over 2%; Chinese brokerage stocks also performed well, with China Merchants Securities (06099.HK) and Guotai Junan Securities (02611.HK) both rising by over 4%. Real estate stocks, on the other hand, all fell in the morning, with Sunac China Holdings (01918.HK) falling by 23.66% at midday, and China Vanke Co., Ltd. (02202.HK) and Oceanwide Holdings (03377.HK) falling by over 10%

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