The Hong Kong stock market posted moderate gains on Thursday (October 16th), with the Hang Seng Index rising 96 points, or 0.37%, to 26,007. This increase occurred despite mixed performance in the technology and financial sectors. Major tech stocks like Tencent and Alibaba rose slightly, while Xiaomi fell more than 2%. In the financial sector, HSBC and AIA weakened, but Ping An Insurance and the Hong Kong Stock Exchange posted gains.
Gold-linked stocks were the market's stars, boosted by the continued record-breaking global gold price. Zijin Mining and Zhaojin Mining both rallied, while a Zijin subsidiary surged more than 4% after joining the Shenzhen-Hong Kong Stock Connect program. Jewelry companies like Chow Tai Fook and Lao Feng Xiang also skyrocketed, reflecting strong investor interest in safe-haven assets amid global uncertainty. (az)
Source: Newsmaker.id
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