Lates News

In the morning session of the Hong Kong stock market, the three major indexes showed narrow fluctuations. The Hang Seng Index rose 0.11%, the state-owned enterprise index and the Hang Seng Technology Index rose 0.35% and 0.2% respectively. The overall market sentiment was stable. On the market, large-cap technology stocks showed mixed performance, with Kuaishou up over 2%, Alibaba up over 1%, Tencent and Meituan in the red, Baidu down over 3%, JD.com down over 1%, and Xiaomi slightly down. The "anti-indoctrination" related sectors remained active, with strong performances from building materials, cement stocks, and coal stocks. China National Building Material surged over 8% and China Shenhua rose over 5%. Mid-cap stocks such as high-speed rail and infrastructure stocks were lifted, with China CNR surging over 7%, leading China Railway Construction and China Railway to rise over 2%. Geopolitical tensions continued to rise, with Trump set to announce a new aid plan for Ukraine, expected to include offensive weapons, prompting a rise in defense stocks. On the other hand, the previously rising Macau casino stocks saw a pullback, while catering stocks, biopharmaceutical stocks, Apple concept stocks, and aviation stocks generally declined. Some Chinese brokerage stocks and insurance stocks, which rose significantly last Friday, saw a slight decline.