Hong Kong stocks witnessed an upward trajectory on Wednesday, with Xiaomi Corporation (1810.HK) leading the charge. The tech giant surged 4.56% to HKD 42.40, reflecting investor confidence in China’s consumer electronics sector. The bullish sentiment extended to Lenovo Group Limited (992.HK), which jumped 6.61% to HKD 12.26, and Geely Automobile Holdings Limited (175.HK), which gained 7.44% to HKD 17.62.
Tech giant Tencent Holdings Limited (700.HK) recorded a more moderate rise of 1.24%, reaching HKD 425.6, while food delivery giant Meituan (3690.HK) edged up 1.07% to HKD 151.7. Semiconductor Manufacturing International Corp (981.HK), a key player in China’s chip industry, saw a slight uptick of 0.63% to HKD 48.20.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors should conduct their research before making investment decisions.