Hong Kong stocks opened high and continued to rise, with the Hang Seng Index and Hang Seng Tech Index both up more than 2%. Technology, real estate, and healthcare sectors are all performing well.

Wallstreetcn
2023.10.06 03:37
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Technology stocks are all rising, with AI concept stocks performing strongly. Meitu Inc. is up nearly 7%, SenseTime is up nearly 6%, Baidu Group, Meituan, and Bilibili are up over 3%. Most real estate stocks are rising, with Longfor Group up over 5%. Various segments of the healthcare sector are also seeing increases in their respective tracks.

On Friday, October 6th, the Hong Kong stock market opened high and continued to rise. The Hang Seng Index expanded its gains to 2.16%, while the Hang Seng Tech Index rose by 2.23%.

In terms of market performance, most sectors saw an increase.

Technology stocks across the board rose, with Baidu, Meituan, and Bilibili all up more than 3%. Real estate stocks led the gains (except for China Evergrande and Jinke Properties), while various segments of the healthcare sector also saw increases.

Technology stocks rise across the board, AI concept stocks strengthen

Baidu, Meituan, and Bilibili all rose by more than 3%, while Kuaishou, Tencent, Alibaba, NetEase, and JD.com all rose by more than 2%.

In terms of news, it was reported that Meituan's online platform saw a surge in consumer spending during the golden holiday period, surpassing the pre-pandemic levels of 2019. This news also drove up other e-commerce platforms.

AI concept stocks showed strength. Meitu Inc. rose by nearly 7%, SenseTime rose by nearly 6%, and Baidu rose by more than 3%.

Recently, well-known international asset management institutions such as Fidelity, Robeco, Schroders, and Allianz have all expressed their views on investment opportunities in China's equity and bond markets, with a particular focus on sectors such as artificial intelligence.

Most real estate stocks rise, China Evergrande falls by 3.12%

Country Garden rose by more than 5%, Agile Group and Sunac China rose by more than 4%, while Country Garden Services and China Evergrande Property Services fell by 3.12% and 1.82% respectively.

Some real estate stocks declined, with China Evergrande falling by 3.12% and Evergrande Property Services falling by 1.82%.

Various segments of the healthcare sector see increases

CXO pharmaceutical outsourcing: Tasly Pharmaceutical and Kanglong Pharmaceutical both rose by more than 3%, while WuXi AppTec and CStone Pharmaceuticals saw slight increases.

Biopharmaceuticals: Qiming Medical rose by more than 5%, Mabpharm rose by 3.66%, and Kaituo Pharmaceuticals rose by nearly 3%. Medical equipment: Nuohui Health rose nearly 8%, Baixinan rose nearly 5%, and Aikang Medical rose 3.67%.

Pharmaceutical stocks: Kangzhe Pharmaceutical, Sihuan Pharmaceutical rose more than 5%, Kaituo Pharmaceutical, CR Pharmaceutical rose more than 3%, Fosun Pharmaceutical rose nearly 3%, Shiyao Group, China Biopharmaceutical rose more than 2%.

Internet healthcare stocks: Alibaba Health, Ping An Good Doctor rose more than 4%, JD Health rose more than 2%.

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