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| HSI1 | 25,409.55 | -241.32 | 90.45B |
| HSCEI1 | 8,433.28 | -121.75 | 21.27B |
| Back Zoom + Zoom - Block Traded | |
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HSI Early Gains Widen to Over 560 pts, HSTECH Surges 3% as Heavyweight Tech, Financial Stocks Support Market; LONGFOR GROUP (00960.HK) Jumps 8%
2026-09-04 10:26:46 US stocks closed more than 1% higher across all three major indices overnight (3rd), after Federal Reserve Chair Kevin Warsh supported keeping interest rates unchanged. The market is focusing on the latest US non-farm payrolls data due tonight. Major Asia-Pacific stock markets generally rose this morning (4th), with the Nikkei index and South Korea's KOSPI up 0.75% and nearly 1.1% respectively, while the three major A-share indices in mainland China gained 0.6% to 0.7%, Taiwan stocks rose 0.7%, and Singapore stocks climbed 0.7%. Hong Kong stocks opened higher, with the HSI opening up 302 pts or 1.2% before extending gains. It last stood at 25,779, up 566 pts or about 2.2%, with turnover of HKD70.025 billion. The HSCEI rose 2.56% to 8,601. HSTECH gained 3% to 4,603. Major mainland property developers performed strongly. LONGFOR GROUP (00960.HK) last traded at HKD6.31, up 8.14%, making it the best-performing blue chip, with turnover of HKD65.0257 million. According to foreign media citing informed sources, LONGFOR GROUP (00960.HK) told bondholders that it has prepared sufficient funds to repay a RMB1.3 billion bank loan due later this month and expects to have the ability to repay a USD bond maturing next year. CHINA RES LAND (01109.HK) and CHINA OVERSEAS (00688.HK) each rose more than 2%. Heavyweight tech stocks lifted the broader market. KUAISHOU-W (01024.HK) rose more than 4%, while BABA-W (09988.HK), NTES (09999.HK), JD-SW (09618.HK), XIAOMI-W (01810.HK) and MEITUAN-W (03690.HK) each gained between 3% and 4.1%. Saudi AI company HUMAIN developed a cutting-edge Arabic-language model based on MINIMAX-W (00100.HK)'s M3, boosting AI large model-related stocks. MINIMAX-W (00100.HK) last traded at HKD386.2, up 8.79%, with turnover of HKD2.406 billion. Z.AI (02513.HK) last traded at HKD1,140, up 2.89%, with turnover of HKD1.597 billion. SENSETIME-W (00020.HK) also gained 6.23%. LENOVO GROUP (00992.HK) also rose more than 4%. Local property stocks moved higher. SHK PPT (00016.HK) rose more than 3%, after winning the tender for MTR Tuen Mun Area 16 Station Phase 2 project, which together with Phase 1 involves about 6,790 units, equivalent to about half of Taikoo Shing. HENDERSON LAND (00012.HK) gained 2.7%, while SINO LAND (00083.HK) and CK ASSET (01113.HK) each rose about 1.5%. NEW WORLD DEV (00017.HK) climbed more than 4%. Heavyweight financial stocks advanced. HSBC HOLDINGS (00005.HK) and AIA (01299.HK) rose more than 2%, while HKEX (00388.HK) and BOC HONG KONG (02388.HK) each gained more than 1%. PING AN (02318.HK) rose nearly 2%, while CHINA LIFE (02628.HK) surged more than 4%. The four major state-owned banks, ICBC (01398.HK), CCB (00939.HK), BANK OF CHINA (03988.HK) and ABC (01288.HK), each rose more than 2%. CM BANK (03968.HK) gained 1.6%. (da/u)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |