Hong Kong Stocks Book Gains on Tech-Fueled Rally; CMOC Jumps 9%

MT Newswires Live03-24

Hong Kong stocks rebounded to start the week in green as tech firms led the rally and the prospect of controlled tariffs from the US eased investor concerns.

The Hang Seng Index rose 0.91%, or 215.84 points, to end at 23,905.56. The Hang Seng China Enterprises Index added 1.24%, or 108.25 points, to 8,850.69.

The rally was led by tech firms booking substantial gains on Monday.

In particular, tech giants Xiaomi (HKG:1810) and Alibaba Group (HKG:9988) rose 4% and 2%, respectively, with chipmaker Semiconductor Manufacturing International or SMIC (HKG:0981, SHA:688981) rising 3%.

Investor sentiment improved as trade tensions took a backseat, driven by optimism that the next round of tariffs by the Donald Trump-led US government next week will be more focused, according to a Bloomberg report.

In corporate news, CMOC (HKG:3993, SHA:603993) surged 9% in Hong Kong after its attributable profit for the year 2024 rose 64% to 13.5 billion yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2521979176?lang=en_US&edition=full_marsco","thumbnail":"","is_english":true,"pubTime":"2025-03-24 16:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2521979176","market":"us","top_or_hot":-1,"title":"Hong Kong Stocks Book Gains on Tech-Fueled Rally; CMOC Jumps 9%","media":"MT Newswires Live","content":"<html><body><p> Hong Kong stocks rebounded to start the week in green as tech firms led the rally and the prospect of controlled tariffs from the US eased investor concerns.</p><p>The Hang Seng Index rose 0.91%, or 215.84 points, to end at 23,905.56. The Hang Seng China Enterprises Index added 1.24%, or 108.25 points, to 8,850.69.</p><p>The rally was led by tech firms booking substantial gains on Monday.</p><p>In particular, tech giants Xiaomi (HKG:1810) and Alibaba Group (HKG:9988) rose 4% and 2%, respectively, with chipmaker Semiconductor Manufacturing International or SMIC (HKG:0981, SHA:688981) rising 3%.</p><p>Investor sentiment improved as trade tensions took a backseat, driven by optimism that the next round of tariffs by the Donald Trump-led US government next week will be more focused, according to a Bloomberg report.</p><p>In corporate news, CMOC (HKG:3993, SHA:603993) surged 9% in Hong Kong after its attributable profit for the year 2024 rose 64% to 13.5 billion yuan.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Stocks Book Gains on Tech-Fueled Rally; CMOC Jumps 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Stocks Book Gains on Tech-Fueled Rally; CMOC Jumps 9%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-03-24 16:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Hong Kong stocks rebounded to start the week in green as tech firms led the rally and the prospect of controlled tariffs from the US eased investor concerns.</p><p>The Hang Seng Index rose 0.91%, or 215.84 points, to end at 23,905.56. The Hang Seng China Enterprises Index added 1.24%, or 108.25 points, to 8,850.69.</p><p>The rally was led by tech firms booking substantial gains on Monday.</p><p>In particular, tech giants Xiaomi (HKG:1810) and Alibaba Group (HKG:9988) rose 4% and 2%, respectively, with chipmaker Semiconductor Manufacturing International or SMIC (HKG:0981, SHA:688981) rising 3%.</p><p>Investor sentiment improved as trade tensions took a backseat, driven by optimism that the next round of tariffs by the Donald Trump-led US government next week will be more focused, according to a Bloomberg report.</p><p>In corporate news, CMOC (HKG:3993, SHA:603993) surged 9% in Hong Kong after its attributable profit for the year 2024 rose 64% to 13.5 billion yuan.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2521979176","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521979176","pubTimestamp":1742805963,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong stocks rebounded to start the week in green as tech firms led the rally and the prospect of controlled tariffs from the US eased investor concerns.The Hang Seng Index rose 0.91%, or 215.84 points, to end at 23,905.56. The Hang Seng China Enterprises Index added 1.24%, or 108.25 points, to 8,850.69.The rally was led by tech firms booking substantial gains on Monday.In particular, tech giants Xiaomi  and Alibaba Group  rose 4% and 2%, respectively, with chipmaker Semiconductor Manufacturing International or SMIC  rising 3%.Investor sentiment improved as trade tensions took a backseat, driven by optimism that the next round of tariffs by the Donald Trump-led US government next week will be more focused, according to a Bloomberg report.In corporate news, CMOC  surged 9% in Hong Kong after its attributable profit for the year 2024 rose 64% to 13.5 billion yuan.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"港股因科技股推动的反弹而上涨；洛阳钼业上涨9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.6,"89988":0.6,"513600":0.6,"603993":0.9,"688981":0.9,"02833":0.6,"03993":1,"HHImain":0.6,"MCHmain":0.6,"HBBD.SI":0.6,"HSI":0.9,"HXXD.SI":0.6},"content_text":"Hong Kong stocks rebounded to start the week in green as tech firms led the rally and the prospect of controlled tariffs from the US eased investor concerns.The Hang Seng Index rose 0.91%, or 215.84 points, to end at 23,905.56. The Hang Seng China Enterprises Index added 1.24%, or 108.25 points, to 8,850.69.The rally was led by tech firms booking substantial gains on Monday.In particular, tech giants Xiaomi (HKG:1810) and Alibaba Group (HKG:9988) rose 4% and 2%, respectively, with chipmaker Semiconductor Manufacturing International or SMIC (HKG:0981, SHA:688981) rising 3%.Investor sentiment improved as trade tensions took a backseat, driven by optimism that the next round of tariffs by the Donald Trump-led US government next week will be more focused, according to a Bloomberg report.In corporate news, CMOC (HKG:3993, SHA:603993) surged 9% in Hong Kong after its attributable profit for the year 2024 rose 64% to 13.5 billion yuan.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.33.1","shortVersion":"4.33.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2521979176"}