Sino-Singapore Jingwei, December 7th. On the 7th, Hong Kong stocks, which were weak in the previous trading day, rebounded. The Hang Seng Index opened higher and continued to expand in the afternoon; the Hang Seng Technology Index surged more than 4%.
As of the close, the Hang Seng Index rose 2.72% to 23,983.66 points; the Hang Seng Technology Index rose 4.21% to 5,968.50 points; the Hang Seng State-owned Enterprise Index rose 3.05% to 8,521,12 points.
Source of Hang Seng Index's all-day trend: Wind
On the disk, technology stocks are active, Lianyirong Technology soared by more than 23%, Alibaba, Autohome rose by more than 12%, and Baidu Group rose by nearly 10%.
Bilibili rose more than 6%, while Kuaishou, NetEase, and Meituan rose more than 5%.
Mainland real estate stocks collectively strengthened, Sunac China soared nearly 17%, China Aoyuan rose 12.80%, LVGEM China Land, CIFI Holdings, Powerlong Real Estate, etc. rose more than 8%.
CICC believes that Hong Kong stocks are undervalued and have long-term attractiveness.
The early correction of Hong Kong stocks provided sufficient buffer space, and the valuation was at a low level relative to comparable markets.
At the same time, in the medium and long term, the continuous efforts of the Hong Kong Stock Exchange in the reform of the listing system (introduction of the SPAC mechanism) and interconnection (MSCI China A50 futures, cross-border wealth management, etc.) will continue to enhance the vitality of the Hong Kong stock market and attract capital. force.
(Zhongxin Jingwei APP)
(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky, and you need to be cautious when entering the market.)