Yangtze Evening News (Reporter Fan Xiaolin) Affected by two consecutive days of sharp rises in European and American stock markets, as of the close of October 5, the Hang Seng Index in Hong Kong rose 5.9% to 18,087.97 points, regaining 18,000 points; the Hang Seng Technology Index rose 7.54% to 3,685.51 points, the Hang Seng State-owned Enterprise Index rose 6.28% to 6,224.61 points, and the Hang Seng Red Chip Index rose 3.29% to 3,476.38 points.
The top 20 companies in the Hang Seng Index component stock market value rose sharply across the board. Leading technology stocks rose collectively, with JD.com rising by more than 10%, while NetEase, Meituan and Alibaba rising by more than 8%. Holiday consumption concept stocks ranked the top in the rise, with Jiu Mao Jiu rising nearly 15%, and terminated the acquisition of 26% of the equity of Guangzhou International Financial City Project Company, a subsidiary of Country Garden; Huazhu Group rose more than 10%, and Naixue's Tea rose more than 9%. In terms of individual stocks, Shenzhou International rose more than 13%, leading the blue chips. BYD shares rose by more than 9%. HSBC Holdings rose more than 5%, and it is reported that it is considering selling its Canadian business for billions of pounds.
From the perspective of industry performance, the Hang Seng industry index rose across the board during the day, with the information technology industry rising 7.27%, non-essential consumption rising 6.78%, and the financial industry rising 5.84%.
analysts believe that judging from the changes in the price-to-earnings ratio of the Hang Seng Index in the past 10 years, the current overall price-to-earnings ratio is only about 8 times, which is significantly lower than the opportunity value. The significant valuation depression effect is also an important fuse for this surge.
Yangzi Evening News Ziniu News reporter sorted out the historical data of Tonghuashun and found that it is rare for the Hang Seng Index to increase by more than 5% in a single day. In the 12 years since 2010, the Hang Seng Index only had a single-day increase of more than 5%, and only had a single-day increase of more than 4%. On October 5, the Hang Seng Index rose by 5.90%, ranking third in the increase since 2010.
Analysts believe that compared with history, after the Hang Seng Index experiences an extreme rise, it often means the opening of a main upward wave.
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