CMB International: China's stock market rises, Hong Kong stocks lead the way in healthcare, information technology and industry

The Zhitong Finance App learned that CMB International released a research report saying that the Chinese stock market rose, with Hong Kong stocks leading the way in healthcare, information technology and industry, losing out on raw materials, essential consumption and telecommunications, with net purchases of HK$1.48 billion from the south. Pharmaceutical Biotech (02269), Xiaomi Group-W (01810) and Xiaopeng Automobile-W (09868) had the largest net purchases. A-share semiconductors, defense, military industry, and machinery had the biggest declines.

According to the report, US stocks continued to rebound, with industrial, information technology, and communication services showing the highest gains, while daily consumption, health care, and optional consumption declined. The US unemployment data did not hinder expectations of interest rate cuts this month. Prior to the release of the major PCE inflation data, the gains in US stocks subsided, and the chip index stopped rising two times in a row, but NVIDIA (NVDA.US); Salesforce (CRM.US), which is improving, rose nearly 4%. The general index reversed two consecutive declines. Microsoft (MSFT.US) announced that it will increase the price of Office office software for commercial and government customers starting July 1 next year, with some enterprise-level packages increasing by more than 10%.