Hong Kong stock market summary: The Hang Seng TECH Index rose by 0.69%, with significant gains in Semiconductors and Consumer Electronics, and Xiaomi's stock price is approaching its historical high.

Today, Hong Kong stocks surged in the morning, maintaining a volatile trend in the afternoon. The Hang Seng Index slightly dipped by 0.04%, the National Index rose by 0.02%, and the Hang Seng TECH Index increased by 0.69%, reaching a high of 1.5% during the session. In the market, most large technology stocks fell; reports indicate that they have begun developing large AI models. Xiaomi rose over 4%, JD.com dropped 3.55%, and Meituan, Tencent, Baidu, and Alibaba all saw declines. The prospects for domestic substitution are broad, and semiconductor chip stocks were strong throughout the day. Goldman Sachs is bullish on the company's revenue prospects, with leading Semiconductor Manufacturing International Corporation rising over 5%. Software stocks and electronic consumer concept stocks showed significant gains, with Kingsoft Cloud soaring nearly 38%, reaching a new high, and SMOORE INTL.

Gelonghui FinanceDec 27 03:30 ET

Announcement highlights | CHINA POWER's electricity sales volume increased by nearly 30% year-on-year in the first 11 months; WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom.

WUXI APPTEC plans to sell its WuXi ATU Business in the USA and United Kingdom; GF SEC's proprietary business can participate in carbon emission trading at legal trading venues within the territory.

cls.cnDec 26 19:18 ET

CITIC SEC: The Hong Kong stock market has returned to a period of high dividend growth, and an adjustment of the dividend tax for the Stock Connect is imperative.

From January 1, 2024 to November 30, 2024, the total amount of dividends for all Hong Kong stocks reached 1,225.1 billion yuan, a year-on-year increase of 13%, marking a return to the high growth period of dividends in 2021 and 2022.

Zhitong FinanceDec 26 01:47 ET

Bank stocks have surged for several consecutive days, and the Hang Seng Index has recovered to 20,000 points. Bullish Signals from the fiscal side are favorable for the continuation of the rebound | Hong Kong stock barometer.

① The Hang Seng Index stands above the 20,000-point mark; why is it so strong in the short term? ② The fiscal side releases Bullish Signals; can it help sustain the rebound?

cls.cnDec 24 08:27 ET

A-shares and Hong Kong stocks rose, the GEM increased by 0.59%, flying Autos surged, and government bond Futures collectively rose.

The concept of flying cars has seen a surge, with Wolong Electric Group hitting the limit up, followed by Citic Offshore Helicopter, Zhejiang Jindun Fans, Zhejiang Wanfeng Auto Wheel, Shangluo Electronics, and Hebei Jianxin Chemical also rising. On the news front, the General Office of the CPC Central Committee and the State Council issued "Opinions on Accelerating the Construction of a Unified and Open Transportation Market," aiming to deepen the reform of low-altitude airspace management and develop General Aviation and the low-altitude economy.

wallstreetcnDec 23 20:44 ET

Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.

① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.

cls.cnDec 23 17:58 ET