With overseas interest rate cuts and expectations for domestic economic recovery, the Nonferrous Metals Industry is expected to enter a new round of upward cycle.
According to Wisdom Finance APP, the Hong Kong Hang Seng Index rose by 0.87% in the morning, reporting 19,794 points; the Hang Seng TECH Index rose by 1.37%.
The Nonferrous Metals Sector warmed up in the morning, with overseas interest rate cuts combined with expectations of domestic economic recovery, indicating that the industry is likely to enter a new upward cycle. CMOC Group Limited (03993) rose by 3.04%, reporting 5.43 Hong Kong dollars; JIANGXI COPPER (00358) rose by 2.42%; CHINAHONGQIAO (01378) rose by 2.46%; Aluminum Corporation Of China (02600) rose by 2.48%.
The mobile Industry Chain collectively rose, as the National Development and Reform Commission stated that it will implement subsidies for the purchase of new mobile phones and other digital products, and AI is expected to boost mobile phone sales. BYD Electronics (00285) rose by 4%; Q TECH (01478) rose by 5%; AAC TECH (02018) rose by 5.7%; Sunny Optical (02382) rose by 3.95%.
Kingsoft Cloud (03896) rose by over 9%, as the company continues to accelerate its AI layout, and ecological collaboration is expected to drive performance growth.
Suteng Ju Chuang (02498) rose by more than 12%, with high enthusiasm in the Lidar market, and today held a global launch conference for AI Robots.
SMOORE INTL (06969) rose by over 9%, with Stock-based Incentive reflecting development confidence, as Institutions express Bullish views on HNB business development potential.
Shandong Xinhua Pharmaceutical (00719) surged over 10%, with the company's A-shares reaching the daily limit, as the flu outbreak drove a surge in the sales of related medications.
MINISO (09896) rose over 11% in early trading, as the company is set to launch co-branded products with 'Black Myth: Wukong'.
CTIHK (06055) increased by 3.46%, expecting annual net profit growth of no less than 30%, with Institutions stating the company is likely to integrate resources from the China Tobacco system.
EAST BUY (01797) fell over 7%, with a cumulative rise of over 30% in the past two weeks, and Citigroup is Bullish on the company to capture the surge in demand for seasonal gifts during the Spring Festival.
SUNART RETAIL (06808) continued to decline over 5%, having plummeted by as much as 30% yesterday, following a discount clearance by Alibaba.