HK's Hang Seng Index surges reclaims 22,000 level
On the first trading day of Oct., the Hong Kong stock market displayed strong bullish momentum, opening 155 points higher following the extended holiday break for mainland China's National Day, where A-shares were not traded.
The Hang Seng Index (HSI) subsequently expanded its gains, peaking at 22,667 points—a rise of 1,534 points at one moment and marking a high not seen in over 20 months. The index closed the day with a dramatic increase of 1,310 points, or 6.2%, ending at 22,443 and successfully reclaiming the 22,000-point threshold. Despite the absence of northbound flows, the total trading volume still reached HK$434 billion.
The Hang Seng Tech Index also saw significant gains, reporting at 5,157 points, up 405 points or 8.5%.
Notable rises were seen in shares of Hong Kong Exchanges and Clearing (00388) and Meituan (03690), each climbing over 14%.
In the real estate sector, Agile Group (03383) soared by 160%, and Shimao Group (00813) increased by 150%.
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