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On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Overnight, global markets mostly fell due to Iran's missile attacks on Israel. Today, the stock markets of Japan and South Korea are also lower across the board. However, at this time, Chinese assets have sprung up and ushered in an independent market.

On Wednesday, October 2, the A-share market continued to be closed for the holiday, and important indices of Hong Kong stocks broke out across the board. Hong Kong's Hang Seng Index closed up 6.2% and the Hang Seng Tech Index rose 8.53%. The Hang Seng China Enterprises Index closed up 7.1%, the 13th consecutive day of strength. The CSP STAR 50, a Hong Kong-listed STAR 50 ETF, closed up 28%, up 128% on the day and up more than 21% in the previous session.

On the market, technology stocks strengthened, Dongfang Selection rose 46%, Bilibili rose more than 21%, Meituan, Ali Health rose more than 14%, and JD.com rose 10%. Chinese brokerage stocks continued to rise sharply, and Shenwan Hongyuan Hong Kong closed up 206%.

Media interviews and surveys have found that large overseas investors are gradually "coming out of the wait-and-see mood", many "investors who have long been away from the Chinese market are returning", and some hedge funds "do not even pick stocks" to buy all. Bo Pei, equity research analyst at US Tiger Securities, said: "I think the bull market can last from three months to six months, and I am personally very confident. ”

  • The Hang Seng Index closed up 6.2% and the Hang Seng Tech Index rose 8.53%. The Hang Seng China Enterprises Index rose more than 8.5% intraday and closed up 7.1%, strengthening for the 13th consecutive day.
  • Chinese brokerage stocks rose sharply, Shenwan Hongyuan Hong Kong closed up 206%, China Merchants Securities rose 81%, Orient Securities rose 51%, China Securities Investment rose 48%, and Guolian Securities rose 40%.
  • Domestic real estate stocks rose sharply, Ronshine China rose by more than 397%, Agile Group rose by more than 160%, and Shimao Group rose by more than 153%.
  • FTSE China A50 Index futures extended gains to 7.5%, briefly breaking through 15,000 points during the session, hitting a new high since July 6, 2022.
  • The Southern Science and Technology Innovation Board 50 closed up 28%, up 128% on the day, and closed up more than 21% in the previous session.

Wang Yi, head of the quantitative investment department of CSOP, said that from the perspective of the market, the current market enthusiasm has been fully ignited. The Hang Seng Tech Index has been a very strong performer lately, with the best recent performance among the major indices of Hong Kong stocks.

To a certain extent, this also reflects the high elasticity of the Hang Seng TECH Index. The outlook for the market is mainly focused on the implementation of policies, and a certain degree of fiscal stimulus is still needed if the economic growth rate in the fourth quarter needs to achieve the annual target. Consumption is the simplest and most straightforward way to boost the economy, which is good news for both Chinese technology and consumer stocks, so the Hang Seng Tech Index can also expect a boost in performance in addition to valuation repair. ”

He said that from the perspective of the central bank's policy, in the case of abundant liquidity, who will benefit from brokers, banks and insurance in the financial sector is also the focus of market attention. At present, in terms of trading volume, brokerages are the most direct beneficiaries, but from the perspective of capital costs, banks may ultimately benefit, and the overall economic recovery and real estate repair will greatly reduce the valuation pressure on banks.

[16:30 update]

Hong Kong's Hang Seng Index closed up 6.2% and the Hang Seng Tech Index rose 8.53%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Chinese brokerage stocks rose sharply, Shenwan Hongyuan Hong Kong closed up 206%, China Merchants Securities rose 81%, Orient Securities rose 51%, China Securities Investment rose 48%, and Guolian Securities rose 40%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Domestic real estate stocks rose sharply, Ronshine China rose by more than 397%, Agile Group rose by more than 160%, and Shimao Group rose by more than 153%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Technology stocks strengthened, with Oriental Selection up 46%, Bilibili up more than 21%, Meituan and Ali Health up more than 14%, and JD.com up 10%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[13:50 update]

Hong Kong stocks narrowed their gains in the afternoon, with the Hang Seng Tech Index now up 6.5%, after rising more than 10% at one point. The Hang Seng Index narrowed its gains to 4.3%, after rising more than 7% at one point.

[13:21 update]

FTSE China A50 Index futures extended gains to 9%, breaking through 15,000 points.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[12:09 Update]

Hong Kong stocks closed at noon, Hong Kong's Hang Seng Index rose 6%, and the Hang Seng Technology Index rose 8.72%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Domestic real estate stocks rose sharply, with Agile Group rising more than 74% and Vanke rising nearly 40%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Chinese brokerage stocks rose sharply, Shenwan Hongyuan Hong Kong rose nearly 135%, China Merchants Securities rose more than 60%, and Guotai Junan International rose more than 30%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[11:46 update]

The Hang Seng Tech Index rose more than 10%, and the Hang Seng Index rose more than 7%.

[11:32 update]

The Southern Science and Technology Innovation Board 50 soared, up 128% in the day.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[11:06 Update]

Shenwan Hongyuan Hong Kong soared by more than 168%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

The Hang Seng Tech Index rose more than 8%, and the Hang Seng Index rose more than 5%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[10:24 update]

The Southern Science and Technology Innovation Board rose 22% in 50 days, and closed up more than 21% in the previous trading day.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[9:54 Update]

Hong Kong domestic real estate stocks rose sharply, Shimao Group rose more than 40%, Agile Group rose more than 38%, Sunac China and CIFI Holdings rose more than 30%, R&F Real Estate rose more than 22%, and Vanke Enterprise rose more than 20%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[9:51 update]

The Hang Seng Tech Index rose more than 5%, and the Hang Seng Index rose 2.9%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[9:38 update]

The Hang Seng Index rose to 2.5%, and Chinese brokerage stocks continued to rise. Shenwan Hongyuan Hong Kong rose more than 63%, Industrial Securities International rose more than 39%, Guotai Junan International rose more than 21%, CITIC Securities rose more than 13%, Everbright Securities rose more than 8%, CICC rose more than 7%, and China Galaxy rose more than 6%. The Hang Seng Tech Index rose 4.5%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

[Updated at 9:30]

Hong Kong's Hang Seng Index opened 0.74% higher than the Hang Seng Tech Index up 1.86%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

Hong Kong stocks of Chinese brokerage stocks continued to rise at the open, Guotai Junan International, Shenwan Hongyuan Hong Kong rose more than 14%, Industrial Securities International rose more than 12%, China Merchants Securities rose more than 10%, Everbright Securities rose more than 8%, China Galaxy rose more than 7%, Orient Securities, CICC rose more than 5%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

FTSE China A50 Index futures continued to move higher, now up more than 3%.

On the first day after the holiday, Hong Kong stocks were like a rainbow, the Hang Seng China Enterprises Index recorded the largest increase in nearly two years, and brokerages and real estate continued to soar

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