China-Singapore Jingwei, February 16 -- Hong Kong stocks rose for three consecutive days at the beginning of the Year of the Dragon. On the 16th, Hong Kong's Hang Seng Index rose 248% at 16339At 96 points, the Hang Seng Technology Index rose 371% at 3342At 73 points, the Hang Seng State-owned Enterprises Index rose 273% at 555886 points.
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On the disk, technology stocks continued to be strong, and sectors such as food, medicine, real estate, and new energy vehicles were among the top gainers.
The high temperature of technology stocks has not retreated. GDS surged 15%, up nearly 30% since the beginning of the year; China Literature Group rose more than 10%.
The medical industry, which has been continuously bucking the trend**, has been strong**, with MicroPort Healthcare rising 22%, WuXi Biologics rising more than 10%, and Innovent Biologics and Tigermed following sharply.
Real estate stocks rebounded simultaneously, with Logan Group, South China City, Longfor Group, R&F Real Estate and other stocks rising by more than 10%.
Large consumption made efforts across the board, Zhenjiu Li Du rose 17%, followed by China Resources Beer, Zhou Heiya, and Mengniu Dairy.
Huatai** recently pointed out in a research report that a number of travel and consumption data for the Spring Festival in 2024 showed a year-on-year warming trend. In addition to the Spring Festival effect, the letter exceeded expectations, or reflected the pull of PSL on corporate financing demand, as well as the marginal improvement of residents' financing demand under the relaxation of real estate policies, and was also driven by banks' "early lending and early returns" under the expectation of interest rate cuts. The latest U.S. jobless claims show that the U.S. economy may remain resilient. The risk of short-term overseas liquidity tightening exceeding expectations may be higher than the risk of exceeding expectations. It is recommended to pay attention to the intersection varieties with high AH premium, economic rebound and little chip pressure from a multi-dimensional perspective.
Yang Delong, chief economist of Qianhai Open Source, pointed out that the opening of Hong Kong stocks in the Year of the Dragon for three consecutive days** was mainly due to the promotion of many favorable policies and the four consecutive days of the pre-holiday A** market, which drove the sentiment of the entire market to rebound. He expects that A-shares and Hong Kong stocks can continue the trend of the market and further launch an upward offensive. With the strengthening of economic recovery expectations and the strengthening of policies to stabilize economic growth, A-shares and Hong Kong stocks are expected to embark on a structural bull market**. It is recommended that investors maintain confidence and patience, and the high-quality leading stocks that have been wrongly killed will usher in the opportunity of valuation repair, bringing relatively large investment opportunities. (Zhongxin Jingwei app).
The views in this article are for reference only and do not constitute investment advice. )
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