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Hong Kong Stocks Soar to 22-Month High on Hopes of Further Stimulus Measures; Carote's Shares Surge 59% in Debut
Trending Industry Today: MEITUAN-W Leads Gains In Holidays Stocks
Trending Industry Today: MEITUAN-W Leads Gains In Star Tech Companies Stocks
Hong Kong stocks surged | Policy stimulus continues to drive the market higher, Hengke Index testing 5200 points, network technology stocks all rallied in early trading.
Hengke index surged more than 9%, hitting a high of 5200 points in intraday trading, reaching a new high since February 2022. As for constituent stocks, network technology stocks all surged in early trading, with bilibili-W (09626) rising by 21.78%, to 236 Hong Kong dollars.
Trending Stocks Today: CAROTE LTD Surges 52.42%
[Hong Kong Stock Connect] Meituan (03690) rose by 10.47%. Shenzhen is providing subsidies for trading in old appliances for new ones through Meituan.
Jingu Finance News | Meituan (03690) stock price surged at the opening, as of the time of publication, up by 10.47%, at 189.8 Hong Kong dollars, with a turnover of 4.452 billion Hong Kong dollars. On the news front, Shenzhen's old-for-new subsidy program for home appliances will officially launch on Meituan's platform starting yesterday (1st). At that time, Shenzhen residents can purchase eight major home appliance categories, including computers, refrigerators, washing machines, televisions, air conditioners, water heaters, gas stoves, and cooker hoods, through Meituan takeout or group purchase orders. They can enjoy up to an 20% subsidy discount, with a maximum subsidy of 2,000 Chinese yuan per product category, and up to 16,000 yuan saved per person.