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US warships were reported hit by missiles. Crude oil rose and stock markets fell.
The market opened higher on Monday. Hang Seng index opened up 362 points, H share index up 107 points and technology index up 77 points. HSBC rose 2.78% for 59-point gain. Alibaba ...
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US warships were reported hit by missiles. Crude oil rose and stock markets fell.
Analyst : Lun Sheung Nim (CEO, GEO Securities Limited)
The market opened higher on Monday. Hang Seng index opened up 362 points, H share index up 107 points and technology index up 77 points. HSBC rose 2.78% for 59-point gain. Alibaba rose 2.22% for 43-point gain. AIA rose 2.9% for 41-point gain. CCB rose 1.6% for 21-point gain. Netease rose 3.1% for 13-point gain. BYD rose 2.05% for 12-point gain. BOC rose 1.78% for 10-point gain. On the other hand, CNOOC lost 1.3% for 9-point loss. The market rose further after opening as Hang Seng index soared more than 500 points. Trump announced would protect merchant ships crossing the Strait of Hormuz. Alibaba rose 6.2% for 120-point gain. HSBC rose 3% for 63-point gain Xiaomi rose 9.8% for 80-point gain. AIA rose 2.6% for 37-point gain. Tencent rose 1.67% for 31-point gain. CCB rose 2.9% for 25-point gain. Meituan rose 3.96% for 29-point gain. SMIC rose 4.6% for 22-point gain. Baidu rose 4.8% for 11-point gain. Seoul KOSPI soared 4%. SK Hynix ETF soared 21%. Heavy machinery shares rose. Weichai Power rose 13.8%. Sany International rose 6.8%. Sinotruk rose 2.1%. Power generating equipment manufacturers rose. Dongfang Electric rose 2.4%. Harbin Electric rose 4.5%. Chongqing M & E rose 8.8%. YOFC rose 5.5%. Hang Seng index reached a high of 26326 points, up 550 points and closed the morning up 438 points. H share index closed up 142 points and technology index up 139 points. Turnover was $107.6 billion.

The market was little changed in the afternoon as Hang Seng index gained more than 400 points. Technology stocks led the rally. Alibaba rose 5.3% for 102- point gain. Xiaomi rose 7.4% for 62-point gain. HSBC rose 2% for 44-point gain. AIA rose 2% for 28-point gain. Tencent rose 1.4% for 27-point gain. Meituan rose s2.6% for 19-point gain. SMIC rose 3% for 14-point gain. AI shares rose sharply. Minimax rose 11.3%. Knowledge Atlas rose 8.7%. Xunce rose 6.5%. Chip stocks rose. Iluvatar rose 20%. Huahong Semiconductor rose 5.9%. GP Ixel rose 8.1%. Smart Core rose 7.1%. Axera rose 10.4%. On the other hand, oil stocks fell. CNOOC lost 2.8% for 21-point loss. Petrochina lost 2.82% for 11-point loss. The market’s gain narrowed near the close. Hang Seng index gained more than 300 points. At the close, Hang Seng index rose 319 points. H share index rose 92 points and technology index rose 105 points. Turnover was $177 billion.

Overnight, overseas markets fell. Iran reported that US warships were hit by Iranian missiles. Crude oil rose and stock markets fell. DAX lost 301 points. CAC lost 139 points and FTSE lost 15 points. Crude oil rose. Boeing lost 2%. Dow Jones lost 557 points. However, Amazon rose 1.4%. S & P lost 29 points and Nasdaq lost 46 points. Hong Kong ADR’s lost 206 points. Night future lost 121 points. We expect the market to fall today.  
 
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