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A package of policies to expand domestic demand is on the way! Guangdong, Shanghai, and other regions are planning to introduce the "Special Action Plan to Boost Consumer Spending."
According to Securities Times reporters, multiple regions are preparing to launch a new round of stimulus policies.
Hong Kong Stock Afternoon Review | The three major indexes have corrected, the Technology Index dropped by 1.68%; Network Technology stocks fell, Baidu dropped over 4%; Autos stocks rose against the trend, LEAPMOTOR increased by over 6% to reach a new hig
Network Technology shares declined, Baidu fell by 4.13%, and JD-SW dropped by 3.52%; Digital Health stocks fell broadly, ZA ONLINE decreased by 4.63%, and ALI HEALTH declined by 3.40%; several Insurance stocks went down, New China Life Insurance fell by 5.31%, and ZA ONLINE decreased by 4.63%.
Market quick view | The three major indices are mixed, with the technology index down more than 1%; Robot Concept and Alcoholic Beverages stocks are active, with Horizon Robotics rising over 4% and CHINA RES BEER rising over 5%.
Network Technology stocks fell, with Baidu Group-SW down 3.97% and Alibaba-W down 1.60%; Sporting Goods stocks generally declined, with ANTA SPORTS down 3.93% and YUE YUEN IND down 3.16%; Lithium Battery stocks rose across the board, with LEOCH INT'L up 6.04% and BYD Electronics down 3.92%.
The sportswear Sector faced slight pressure with 361 DEGREES (01361) dropping by 3.49%. Morgan Stanley expects that industry discounts will begin to improve starting in the second quarter.
Jingwu Financial News | The sportswear Sector is slightly under pressure, with 361 DEGREES (01361) down 3.49%, TOPSPORTS (06110) down 2.34%, CHINA DONGXIANG (03818) down 2.30%, ANTA SPORTS (02020) down 2.14%, YUE YUEN IND (00551) down 1.76%, HONMAGOLF (06858) down 1.49%, LI NING (02331) down 1.24%, and XTEP INT'L (01368) down 1.09%. Morgan Stanley published a research report indicating that the demand for sportswear in China has shown mild improvement since the beginning of the year, and industry discounts are expected to decline from the second...
Port City quick overview | Three major indices showed mixed results, the Hang Seng Index closed up 0.28%; property management stocks performed well, Wanyun rose nearly 10%; Mijing Group surged over 43% on its first day of listing.
Network Technology stocks have mixed results, with Alibaba-W up 2.27% and XIAOMI-W down 1.74%; Property Services and Management stocks are strong, with Wanwuyun up 9.78% and CG SERVICES up 8.11%; most Semiconductor stocks are down, with SHANGHAI FUDAN up 9.09% and Semiconductor Manufacturing International Corporation down 4.10%.
Hong Kong stock afternoon review | The three major indexes all rose, with the Hang Seng Index up over 1%; Photovoltaic Power stocks rose, XINYI ENERGY increased by 30%; Mixue Group rose over 40% on its first day of listing.
Network Technology stocks rose significantly, with Alibaba-W up 2.98% and TENCENT up 2.63%; Photovoltaic Power stocks strengthened, with XINYI ENERGY up 30.00% and XINYI SOLAR up 11.85%; Casinos and Gaming stocks increased, with MELCO INT'L DEV up 7.96% and WYNN MACAU up 5.95%.