Hong Kong Stocks Closing Review: The Hang Seng Index rose 0.77%. AI applications IPO GroupCore Technology doubled again the day after its listing, and Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank all hit new highs.

Mars Finance News: On April 20, the three major Hong Kong stock indices all rose collectively. By the close, the Hang Seng Index increased by 0.77%, the Hang Seng China Enterprises Index rose by 0.61%, and the Hang Seng Tech Index gained 0.46%. Before the market opened, most of the heavyweight tech stocks were active, with Tencent up over 2%, Xiaomi up 1%, Baidu and Alibaba rising within 1%, and Meituan down 1.58%. AI applications performed relatively strongly, with QuantumCTek’s second-day trading doubling again, and Mafu, Zhipu, and MiniMax all showing strength. Domestic bank stocks continued to rise, with ICBC, Agricultural Bank, and China Construction Bank reaching new highs. Airline stocks rebounded collectively, photovoltaic and solar energy stocks were active throughout the day, military industry stocks expanded their gains in the afternoon, and power, catering, and insurance stocks all rose. On the other hand, the U.S.-Iran situation remains unpredictable, with geopolitical risk premiums rapidly retreating from high levels. Oil stocks were sluggish all day, with China National Petroleum Corporation falling over 3%. Most coal, aluminum, automotive, and biopharmaceutical stocks performed poorly. (Kegu Bao Report)