Hong Kong Stock Market Midday Review: Hang Seng Index closed up 1.67%, hovering near the 20-day moving average

Jinshi Data reported on October 23 that the overnight US stocks fluctuated slightly. The Hang Seng Index (HSI) opened higher this morning, up 26 points to 20,525 points. In the early session, it fell 50 points, but later turned around and rose under the boost of the mainland Shanghai Composite Index. The HSI rose the most by 358 points to 20,857 points, challenging the 20-day moving average resistance. By the close, the HSI rose by 1.67% in the morning session, while the Technology Index rose by 2.34%. The total turnover of the HSI market reached HKD 107.9 billion.

On the market, Chinese brokerage firms, defense industry, wind power, and automotive stocks have been strong for two consecutive days, with toy stocks performing well. However, domestic retail, apparel, and electronic component stocks declined, while home appliance and nuclear power stocks experienced a pullback.

In terms of individual stocks, XINYI SOLAR (00968.HK) surged by over 11%, GEELY AUTO (00175.HK) rose by over 8%, CHOW TAI FOOK (01929.HK), LI AUTO (02015.HK) both rose by over 7%, MEITUAN (03690.HK) rose by over 6%, CHINA LIFE (02628.HK), XIAOMI (01810.HK) both rose by over 4.5%, CR BEVERAGES (02460.HK) surged by 12.7% on its first day of listing; CR POWER (00836.HK) fell by nearly 6%, LI-NING (02331.HK) fell by nearly 4%, HAIER SMART HOME (06690.HK) fell by nearly 3%