Hong Kong Stock Midday Review: Hang Seng Index Rises 1.33% as Chinese Brokerage Stocks Surge

According to Jinshi Data on November 29, the U.S. stock market was closed for the Thanksgiving holiday overnight, while the Japanese stock market fell by more than 300 points. After the Hong Kong stock market's futures settlement day saw a drop of 236 points yesterday, it opened slightly lower this morning. The Hang Seng Index opened down 20 points at 19,346 points, and then fluctuated with a tug-of-war between bulls and bears. Before the lunch break, it suddenly surged significantly, driven by the mainland stock market, rising more than 270 points to 19,636 points, regaining the ten-day moving average. By the close, the Hang Seng Index was up 1.33% in the morning session, and the Tech Index was up 2.65%, with a total market turnover of HKD 72.67 billion. On the sector front, cosmetics, semiconductors, and consumer electronics stocks strengthened, while Chinese brokerage stocks surged in volume, domestic property stocks rebounded from the bottom, and publishing and film stocks strengthened again; private higher education stocks declined, and airline stocks retraced. In terms of individual stocks, Haidilao (06862.HK) and SMIC (00981.HK) both rose over 6.5%, while Xinyi Solar (00968.HK), Longfor Group (00960.HK), SenseTime (00020.HK), Hua Hong Semiconductor (01347.HK), and ZA ONLINE (06060.HK) all rose over 5%. New Higher Education Group (02001.HK) fell nearly 46%