The U.S. Federal Reserve announced a quarter-point rate hike in Hong Kong on Thursday morning, in line with market expectations, and forecasted that it would shrink its balance sheet as soon as May. The three major U.S. stock indexes went up across the board. The Dow rose more than 500 points to close, the Nasdaq rose 3.7%, and the S&P 500 rose 2.3%.
[14:08] Hong Kong stocks maintain a rise of more than 1,000 points
Hong Kong stocks maintained a gain of more than 1,000 points in the afternoon. The Hang Seng Index last reported 21,114 points, up 1,027 points.
Tencent (0700) rose 4.5% to 383.6 yuan, while Alibaba (9988) rose 8.7% to 98.6 yuan.
[12:20] Hong Kong stocks soared more than 6%
Hong Kong stocks rose more than 1,000 points in half a day. The Hang Seng Index closed at 21,250 points at noon, up 1,163 points or 5.79%, and regained 21,000 points; the H-Share Index rose 432 points or 6.28% to 7,321 points; the KSE Index reported 4,552 points, up 309 points or 7.29%. The market turnover was 176.6 billion yuan.
Country Garden and Country Garden rose 25.37% and 21.94% respectively, the best performing and second best blue chips. In addition, WuXi 18.2%, the third best performance.
Technology stocks performed well, with Ali Health, Meituan, JD.com, Ali and Tencent up 11.63%, 10.71%, 10.29%, 10.1% and 5.5% respectively.
US interest rate hike, bank stocks performed well, but the gains were relatively small. HSBC (0005) rose 4.3%, BOC Hong Kong (2388) rose 3.1%, and Hang Seng (0011) rose 0.8%.
However, the market rose, with Xinyi Solar (0968) and Geely (0175) down 085% and 2.23% in half a day.
[11:38] Hong Kong stocks soared more than 6%
Hong Kong stocks opened higher and rose more than 1,000 points again after digesting profits. The Hang Seng Index is now at 21,299 points, up 1,211 points or 6.03%; the H-Share Index is up 452 points, or 6.56%, at 7,341 points; the KSE Index is at 4,559 points, up 315 points or 7.44%. The market turnover was 162.2 billion yuan.
Mainland housing related sectors surged. Bifu (6098) soared 25% to 37.2 yuan, the best performing blue-chip. Parent company Country Garden (2007) rose 17.3% and rose to 5 yuan upstairs. In addition, Longfor (0960), Rundi and (1109) China Overseas (0688) rose 15.7%, 3.6% and 5.58% respectively.
Technology stocks shined again, with Ali Health, JD.com, Meituan, Ali, and Tencent up 10.4%, 10.3%, 8.7% and 5.59% respectively.
[10:00] The increase narrowed to below 800 points
After the Hang Seng Index rose more than 1,300 points at the opening, the increase continued to narrow, once narrowing to less than 700 points, at 20,786 points, with a turnover of about 85.5 billion yuan.
ATMXJ's rise narrowed, with JD.com's latest rise of less than 8%; Meituan narrowed to 6%; Ali rose about 5.7%; Tencent rose less than 3%; Xiaomi rose only 1%.
Mainland property stocks collectively roared, Sunac (1918) rose nearly 30%, Logan (3380) rose 26%; CIFI (0884) rose 20%; blue-chip Country Garden (2007) also rose 18%.
【09:20】HSI opened at 21430 and rose by more than 1300 points
The Hang Seng Index opened at 21,430 points today, up 1,343 points, with a turnover of 7.583 billion yuan.
Among the constituent stocks, Longfor (0960) performed the best, rising nearly 15% to 38.8 yuan.
ATMXJ made good progress across the board, and JD.com (9618) rose nearly 15%; Alibaba (9988) also rose nearly 15% to 104 yuan; Meituan (3690) rose more than 14% to 160.3 yuan; Tencent (0700) rose again 400 yuan, up more than 9%; Xiaomi (1810) rose 8% to 14.5 yuan.
【09:15】HSI futures hit 21,500 points
Hang Seng Index futures opened at 21,200 points, and quickly rose to 21,500 points in the early part, an increase of up to 1,300 points.
The three major U.S. stock index futures remained unchanged at 0.1%.
[08:15] Black period rose nearly 1300 points
The Hang Seng Index closed at 21,126 points at night, up 1,003 points, and rebounded nearly 3,000 points from Tuesday's low of 18,171 points.
The latest black period of the Hang Seng Index rose by nearly 1,300 points, reaching the 21,300-point level again. As for the futures of the three major U.S. stock indexes, the futures continued to rise, and the latest increase was about 0.1%.
Gold prices did not fall, and April gold futures were last at $1,928 an ounce, up 1%. International oil prices also rose nearly 1%, with May WTI oil futures at $94.49.
The US dollar index was last at 98.399, and the Hong Kong exchange was last at 7.82.