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<H Shrs>HSI Picks Up 212 Pts at Midday, Led by HSBC HOLDINGS/ AIA; Energy Transition Concepts Speculated
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Hong Kong stocks rebounded in today's morning session after declining for 3 consecutive days. The HSI added 212 points or 0.84% to 25,462 at midday. The HSCEI inched up 20 points or 0.24% to 8,504. The HSTECH lifted less than 1 point to 4,829. Total half-day turnover of the market amounted to $164.185 billion. Financials ascended, with HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) mounting 3.1% and 3.3%. AIA (01299.HK) leaped 4%, while HKEX (00388.HK) gained 1.4%. Hong Kong homebuilders SHK PPT (00016.HK), HANG LUNG PPT (00101.HK) and LINK REIT (00823.HK) jumped up 2-2.8%, while WHARF REIC (01997.HK) elevated 3.6%. Conglomerates CKH HOLDINGS (00001.HK), SWIRE PACIFIC A (00019.HK) and CITIC (00267.HK) ballooned 2.5-2.8%. Energy transition concepts were speculated, with WEICHAI POWER (02338.HK) and WUXI LEAD (00470.HK) advancing 5.7% and 4.2%. Power equipment stocks HARBIN ELECTRIC (01133.HK) and DONGFANG ELEC (01072.HK) spiked 8.9% and 14.3%, while power utilities HUANENG POWER (00902.HK), DATANG POWER (00991.HK) and HUADIAN POWER (01071.HK) mushroomed 2.7-3.6%. AAStocks Financial News Website: www.aastocks.com |
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