Hong Kong shares recover 23,000-point mark; Hang Seng Index up 132 points at midday
Hong Kong's Hang Seng Index reclaimed the 23,000-point level at midday on 23 October, rising 132 points or 0.58 per cent to 23,066. The technology index climbed nearly 0.9 per cent to 3,826. Xiaomi led gains with over 5 per cent rebound, while chip stocks fell.
Hong Kong's stock market recaptured the 23,000-point threshold at midday, with the Hang Seng Index rising 132 points, or 0.58 per cent, to 23,066, according to RTHK. The index initially fell more than 130 points to around 22,800 in early trading before recovering, reaching a gain of about 150 points at its peak. Midday turnover on the main board exceeded 125.6 billion Hong Kong dollars.
The technology index rose nearly 0.9 per cent to 3,826 points. Among the so-called ATMXJ stocks—Alibaba, Tencent, Xiaomi, and JD.com—performance was mixed. Xiaomi rebounded over 5 per cent, the biggest gainer among Hang Seng Index and technology index components. JD.com rose nearly 2 per cent, while Alibaba, Tencent, and Meituan were weaker. CATL, which had fallen for seven consecutive days, rebounded over 4 per cent.
Some domestic consumption-linked stocks posted notable gains. Shenzhou International rose nearly 5 per cent, while Anta Sports and Nongfu Spring gained 4 per cent or more. Most auto stocks rose, with Li Auto and BYD both up over 4 per cent.
Financial stocks and artificial-intelligence concept stocks showed mixed results. China Life rose over 2 per cent, while HSBC and Bank of China Hong Kong fell between nearly 1 per cent and nearly 2 per cent. Lenovo Group dropped over 3 per cent, while MINIMAX gained over 4 per cent.
Chip stocks declined, with SMIC and Hua Hong Semicondutor falling between nearly 2 per cent and nearly 3 per cent.