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Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
Intraday overview | Hong Kong's three major indices collectively rose more than 1%; gold and biomedical sectors were strong, and Yiming Angkedao rose more than 50%.
In terms of sectors, network technology stocks have collectively risen, with Sensetime up nearly 3%, Meituan up over 2%, Xiaomi, Alibaba, Baidu up over 1%, Tencent, JD.com up nearly 1%.
Chifeng Jilong Hitches A Ride On Market Gold Rush
Three main reasons to be bullish on gold? Goldman Sachs: Gold prices will reach $2,700 in early next year!
Gold prices are most likely to rise among commodities, according to Goldman Sachs analyst Stephen Quinn in a report titled "Go for Gold", with a target price of $2700 per ounce expected to be reached by early 2025.
Express News | Golden industrial concept stocks rose collectively in HK, Chinagoldintl rose over 5%, Lingbao gold rose over 4%, SD gold, Zhaojin mining, and Zijin mining group rose over 3%.
Aiming at new energy minerals! Shandong Yulong Gold acquires affiliated company graphite mine | Quick announcement.
Shandong Yulong Gold plans to spend no more than 17 million Australian dollars to acquire Huaiteng Mining, in order to obtain two African graphite project mining rights. Ankuabe project currently plans to design an annual processing capacity of more than 1 million tons of ore, and an annual production of more than 60,000 tons of natural flake graphite concentrate.