{Economic Information Daily, 16th} After a global market plunge, US stocks stabilized overnight, and Asia-Pacific markets rebounded this morning, with Hong Kong stocks following suit. The Hang Seng Index opened at 24,321, up 258 points or 1.1%. Board turnover amounted to HK$3.235 billion. The Hang Seng China Enterprises Index stood at 8,199, up 96 points or 1.2%. The Hang Seng Tech Index was at 4,125, up 64 points or 1.6%.
Biotech stocks continued to rise, with BeiGene (06160) up 4.27% at HK$224.80, Innovent Biologics (01801) up 3.99% at HK$91.25, and WuXi Biologics (02269) up 2.75% at HK$49.98.
Tech and internet stocks rebounded, leading the market gains. JD.com (09618) rose 3.05% to HK$108.10, Baidu (09888) up 2.94% to HK$80.65, Kuaishou (01024) up 2.73% to HK$29.36, Alibaba (09988) up 2.26% to HK$108.80, and Tencent (00700) up 1.48% to HK$424. Large model-related concepts also rose, with Zhipu (02513) up 3.02% to HK$529, and MiniMax (00100) up 4.01% to HK$186.70.
CATL (03750) fell for the fourth consecutive day, opening 2.23% lower at HK$438.60. Hengan International (01044) dropped 0.4% to HK$19.94, while SMIC (00981) rose 1.34% to HK$52.85. (ey)
Biotech stocks continued to rise, with BeiGene (06160) up 4.27% at HK$224.80, Innovent Biologics (01801) up 3.99% at HK$91.25, and WuXi Biologics (02269) up 2.75% at HK$49.98.
Tech and internet stocks rebounded, leading the market gains. JD.com (09618) rose 3.05% to HK$108.10, Baidu (09888) up 2.94% to HK$80.65, Kuaishou (01024) up 2.73% to HK$29.36, Alibaba (09988) up 2.26% to HK$108.80, and Tencent (00700) up 1.48% to HK$424. Large model-related concepts also rose, with Zhipu (02513) up 3.02% to HK$529, and MiniMax (00100) up 4.01% to HK$186.70.
CATL (03750) fell for the fourth consecutive day, opening 2.23% lower at HK$438.60. Hengan International (01044) dropped 0.4% to HK$19.94, while SMIC (00981) rose 1.34% to HK$52.85. (ey)
