<Full-day Summary> HSI Gains 363 Points; HSTI Rises 83 Points; PING AN Surges Over 4%; PING AN, CHINAHONGQIAO, ZIJIN MINING, CHINA LIFE, and HSBC HOLDINGS Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 363 points (1.4%) to close at 26,710, with significant gains also seen in the HSTI and HSCEI, while market turnover reached $291.76 billion.
Active Heavyweights: Notable stock movements included PING AN (+5%), HKEX (+2.9%), and TENCENT (+1.3%), while XIAOMI and BABA saw declines of 1.5% and 1.3%, respectively.
Top Gainers: Among HSI and HSCEI constituents, CHINAHONGQIAO surged by 6.1%, JD HEALTH by 5.4%, and ZIJIN MINING by 4.5%, with several stocks hitting new highs.
Significant Movers: In the HSMI & HSSI, JF SMARTINVEST jumped by 18.8%, CMSC by 12%, and NANSHAN AL INTL by 10.8%, indicating strong performance in smaller stocks.
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CASL and France's Elior Asia Join Forces to Enhance Aircraft Dismantling and Parts Recycling Operations
Joint Venture Announcement: China Aircraft Services (CASL) has signed a memorandum of understanding with French company Elior Asia to create a joint venture, with both parties holding a 50% stake.
Business Focus: The joint venture will focus on aircraft dismantling, parts recycling, trading, and managing the retirement process of aircraft at CASL's hangar at Hong Kong International Airport.
HSI Closes with a 16-Point Gain; Rally in Developers and Commodities; LAOPU GOLD Generates Buzz
Market Performance: The HSI closed slightly up by 16 points at 26,765, while the HSCEI and HSTECH saw declines of 0.15% and 1.2%, respectively, with a total market turnover of HKD261.699 billion.
Developer Stocks Surge: Hong Kong-listed property developers experienced significant gains, with SHK PPT, SINO LAND, and CK ASSET rising between 3% to 4.5%, while NEW WORLD DEV jumped 4.4%.
Gold and Silver Stocks Rally: Gold and silver stocks saw substantial increases, with CHI SILVER GP soaring 19.1% and CHINAGOLDINTL rising 8.1%, reflecting strong demand in the sector.
Tech Stock Movements: Major tech stocks had mixed results, with TENCENT gaining 0.8% and BABA-W dropping nearly 2%, while other tech companies like KUAISHOU-W and BIDU-SW fell over 3%.
