Reports the US and Iran are close to a peace agreement and a continued US stock
rally supported risk appetite; China Golden Dragon index rebounded. Hang Seng
opened 283 pts higher at 25,001, peaked at 25,047 (+329) and later saw gains
narrow to +92 with a low of 24,811. At midday the Hang Seng was up 0.45%, the
Hang Seng Tech index was up 0.92%, and turnover was HKD 159.1 billion. Sector
movers: recent AI listings, PCB and semiconductor names, computer equipment,
precious metals and airlines led gains; oil & gas, coal and aluminum names
pulled back; tea beverages, education and sporting-goods sectors underperformed.
Selected stocks: LiuliuMei (06658.HK) surged ~189% on debut; Zhipu (02513.HK)
+28%; COSCO Shipping Energy (01138.HK) +18.5%; Huiju Technology (01729.HK) and
Kingboard Laminates (01888.HK) each +15%+. Aluminum Corp of China (02600.HK)
fell >8.5%; ENN Energy (02688.HK) down ~6%.