HSI1 19,553.61 +177.08 179.30B
HSCEI1 6,934.70 +63.32 77.11B
Back    Zoom +    Zoom - Block Traded
HSI Mounts 336 pts at Open; Techs Lead Rally, as LI AUTO & XPENG Surge
2024-05-03 09:30:32
Hong Kong stocks continued to open higher this morning (3 May) after 8 consecutive trading days of rallying. HSI opened 336 points or 1.9% higher at 18,543. HSCEI opened higher by 143 points or 2.2% to 6,580. HSTECH opened 144 points or 3.7% higher at 4,009.

STANCHART (02888.HK), which hiked 6% last day after announcing its results yesterday afternoon, opened 1.9% higher at $73.35 this morning. As for other financial stocks, HSBC HOLDINGS (00005.HK) opened rising 0.2% at $69.4, HKEX (00388.HK) opened lifting 2.5% at $271.4, and AIA (01299.HK) opened elevating 2.8% at $61.

Technology stocks advanced, BABA-SW (09988.HK) opened 3.4% higher at $78.7, TENCENT (00700.HK) opened 2.9% higher at $371. MEITUAN-W (03690.HK) and XIAOMI-W (01810.HK) opened inclining 1.3% and 2%, while NTES-S (09999.HK) and BIDU-SW (09888.HK) opened mounting 3.9% and 4.3%. JD-SW (09618.HK) opened hiking 5.3%, while KUAISHOU-W (01024.HK) and BILIBILI-W (09626.HK) opened surging 6.4% and 7.9%.

Car stocks GEELY AUTO (00175.HK) and BYD COMPANY (01211.HK) opened rising 2.6% and 3.2%, while LI AUTO-W (02015.HK) and XPENG-W opened spiking 7.1% and 8.3%. Mainland property stocks CHINA OVERSEAS (00688.HK) and LONGFOR GROUP (00960.HK) opened 3.9% and 2.4% higher.

For other blue chips, SHENZHOU INTL (02313.HK), SINO BIOPHARM (01177.HK), ANTA SPORTS (02020.HK), LI NING (02331.HK), HAIDILAO (06862.HK) and MENGNIU DAIRY (02319.HK) are trading higher by 3% to 3.5% at open.

~



AAStocks Financial News
Web Site: www.aastocks.com