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Hong Kong stocks surged in the afternoon, with Chatime (02555) soaring more than 40%. The company continues to expand into the South Korean market, leading to significantly increased liquidity and valuation levels after its listing.
Chatime (02555) surged over 40% in the afternoon, as of the time of writing, it rose by 22.62%, reaching HK$10.3, with a turnover of 0.136 billion Hong Kong dollars.
Stock market bullish this week | Continuous bullish news in the solar industry! GCL Tech surged 50% weekly; its siasun robot&automation entered multiple auto companies, UBTech rose more than 30%
This week, the Hang Seng Index fell by 1.03% to 20,590.15 points; during the same period, the Hang Seng Tech Index fell by 1.37% to 4,538.03 points; the Hang Seng China Enterprises Index fell by 1.16% to 7,385.26 points during the same period.
Third quarter IPO report: Hong Kong stock market once again witnessed billion-dollar projects, the number and amount of Chinese enterprise IPOs rebounded year-on-year
In Q3 2024, a total of 52 Chinese companies successfully IPO'd on A-shares, Hong Kong stocks, and US stocks. The number of IPOs decreased by 52.29% year-on-year, but increased by 18.18% compared to the previous period. In the first three quarters, the number of IPOs of Chinese companies globally decreased by 54.98% year-on-year.
Hong Kong Stock Market Midday Update | Three major indices rise together! The technology index rose by over 1%; real estate, semiconductor, and China-affiliated brokerage stocks strengthened, with China Merchants rising by over 12%, Sunac rising by over 6
Network technology stocks are up across the board, Meituan-W up 3.94%, Xiaomi Group-W up 3.03%; semiconductor stocks are on the rise, Hua Hong Semi up 5.42%, brainhole tech down 5.06%; apple supplier stocks are up across the board, BYD Electronic up 5.85%, Tongda Group down 4.35%.
Chabadao's early trading surged more than 19%, and the first store in Hong Kong has officially opened.
Cha 100 Ways (02555) rose 18.95% in early trading, now trading at 10.92 Hong Kong dollars, with a turnover of 0.11 billion Hong Kong dollars. On October 11, Cha 100 Ways' first store in Hong Kong officially opened. Its pricing in Hong Kong is 70% higher than on the mainland, but on the first day of opening, sales were unusually hot, with consumers waiting for about 2 hours. The classic drink Yang Zhi Gan Lu under Cha 100 Ways is popular among Hong Kong residents, accounting for 30% of daily sales and becoming a super single product in the store.
Impact news | Chabaida's morning trading surged by more than 25%, with the official opening of its first store in Hong Kong, and the profit margin of its south korea stores is higher than domestic ones.
Cha Baodao's morning trading soared by over 25%, up 25.71% as of the time of publication, closing at HK$11.54 with a turnover of 59.7489 million Hong Kong dollars.
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