01299

Market Performance: The HSI rose by 446 points (1.75%) to close at 25,976, with significant gains in the HSCEI and HSTECH, and a total market turnover of HKD242.657 billion.

Tech Sector Highlights: Major tech stocks like BABA, TENCENT, and NTES saw increases of 2.3% to 4.2%, while other companies like MEITU and CHINA LIT experienced notable surges of 6.7% and 5.8%, respectively.

Automotive and Financial Stocks: Stocks related to autonomous driving and car manufacturers, including NIO and GEELY, performed well, while financial stocks like HSBC and STANCHART also saw significant gains.

Economic Indicators: China's outstanding loan growth for November was reported at 6.4%, slightly lower than the previous month, while exports increased by 5.7%, surpassing expectations.

Market Performance: Hong Kong stocks saw a positive trend on the morning of December 12, with the HSI rising 348 points (1.4%) to 25,878, and total half-day turnover reaching $106.533 billion.

Financial Sector Gains: Major financial stocks like HSBC, Standard Chartered, and HKEX experienced increases, with HSBC hitting a historical high post-dividend.

Insurance and Resource Stocks: Chinese insurers such as China Taiping and China Life saw significant gains, while resource stocks like Zijin Mining and Jiangxi Copper also performed well, reflecting a broader market uptrend.

Homebuilders and Gold Prices: Interest rate-sensitive homebuilders like New World Development and SHK Property increased, alongside a notable rise in gold prices, benefiting mining stocks in the sector.