Hong Kong Stock Afternoon Review | Hang Seng Index rose 1.09% in early trading, Xiaomi surged 7%, led blue chips

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 1.09% to 259 points to 24045 points; the Hang Seng Technology Index rose 1.55%. Hong Kong stocks traded HK$111.7 billion in early trading.

Gold stocks are picking up collectively. Spot gold returned to 4,170 US dollars, and central bank purchases continued to support the price of gold. Chifeng Gold (06693) rose 3.7%; Zijin Gold International (02259) rose 3.82%.

Auto stocks are mostly rising, and going overseas is becoming the core engine for car companies' growth; Ideal Automobile-W (02015) rose 4%; and BYD shares (01211) rose 3.4%.

Xiaomi Group-W (01810) rose more than 7% in early trading, leading the blue chip rise. Xiaomi Pengcheng sold 70,000 vehicles in a single month.

Kingdee International (00268) has increased by more than 4%, and the Kingdee International Ling-based AI operating system has landed on more than 3,000 customers.

Yum China (09987) rose more than 4%, and Goldman Sachs recently raised the company's target price and net profit forecast.

The Ningde era (03750) once rose by more than 5%, and the company's technological, supply chain control capabilities and scale advantages created a moat.

Tuopu CNC (07688) rose more than 6%, and Hong Kong Stock Connect's shareholding ratio continued to rise. The company is a leading aerospace five-axis CNC machine tool.

Yunji (02670) soared 48%, and the company was included in the Hong Kong Stock Connect. Previously, 624 million shares were issued due to stock splitting.

Shandong Molong (00568) fell more than 6%, and Trump said he would not attack Iran before the midterm elections.

Hong Kong PCB concept stocks weakened, with Dingtai Hi-Tech (01377) falling 20%; Jiantao Group (00148) falling more than 5%; and Shenghong Technology (02476) falling more than 8%.