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AIA and technology stocks rose to lead the market.
The market rose on Tuesday. Hang Seng index opened up 192 points, H share index up 75 points and technology index up 67 points. Alibaba rose 1.7% for 28-point gain. Meituan rose 2....
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AIA and technology stocks rose to lead the market.
Institution : AMTD Asset Management Limited
The market rose on Tuesday. Hang Seng index opened up 192 points, H share index up 75 points and technology index up 67 points. Alibaba rose 1.7% for 28-point gain. Meituan rose 2.4% for 26-point gain. Tencent rose 1.15% for 18-point gain. AIA rose 1.24% for 18-point gain. Shanghai composite index opened up 5 points. The market was little changed after opening. Hang Seng index gained more than 200 points. AIA rose 1.96% for 28-point gain. Alibaba rose 1.9% for 32-point gain. Tencent rose 1.4% for 21-point gain. Meituan rose 1.5% for 17-point gain. Hansoh Pharmaceutical lost 1.42% to become the top loser at opening. CSPC lost 1%. Techtronic rose 3.9% to become the top gainer. Mainland developers rose. Country Garden rose 2.7%. CG Services rose 2.4%. Longfor rose 2.1%. Price of gold rose. Zijin rose 4%. Zhaojin rose 6.45%. SD Gold rose 2.9%. Macau gaming stocks rose. Galaxy rose 4.8%. Sands rose 3.3%. Wynn rose 5.4%. MGM rose 5.2%. Consumption shares rose. Anta Sports rose 2.8%. Mengniu rose 2.9%. Chow Tai Fook rose 2.1%. Trip.com rose 4%. Tongcheng Travel rose 2.4%. Auto shares rose. Nio rose 11%. XPeng rose 8.5%. Li Auto rose 4.7%. BYD rose 2.7%. Shanghai composite index closed the morning up 14 points. Hang Seng index reached a high of 18747, up 267 points, and closed the morning up 282 points. H share index closed up 94 points and technology index up 81 points. Turnover was $42.9 billion.

The market opened higher in the afternoon, as Hang Seng index gained more than 300 points, and reached a high of 18806, up 326 points. AIA rose 2.1% for 30-point gain. Alibaba rose 2.2% for 36-point gain. Meituan rose 1.7% for 20-point gain. Tencent r ose 1.9% for 29-point gain. BYD rose 2.6% for 12-point gain. Ping An rose 1.95% for 11-point gain. HK Exchanges rose 1.63% for 10-point gain. Macau’s second quarter gaming income rose 58% vs the first quarter. Macau gaming shares rose. Galaxy rose 4.9% to lead the blue chips. Sands rose 4%. Wynn rose 5.4%. MGM rose 5.86%. Electric car shares rose further. Nio rose 12%. XPeng rose 10%. Li Auto rose 5%. BYD rose 2.5%. Car parts manufacturers rose sharply. Zhejiang Shibao rose 27%. Nexteer rose 18%. Consumption shares rose. Li-ning roses 3.76%. Mengniu rose 2.93%. Anta Sports rose 2.8%. Chow Tai Fook rose 2.2%. Haidilao rose 2.14%. Shanghai composite index closed up 17 points. Hang Seng index closed up 180 points, H share index up 60 points and technology index up 57 points. Turnover was $83.9 billion.

Overnight, overseas markets rose. DAX rose 117 points. CAC rose 76 points and FTSE rose 9 points. US markets rose for the second straight day. Dow Jones rose 317 points. S & P rose 30 points and Nasdaq rose 75 points. Hong Kong ADR’s rose 13 points. Night future rose 35 points. We expect the market to rise today.  
 
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