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Hong Kong Stocks Closing Review: Hang Seng Index surged 2.36%, reclaiming 25,000 points; tech and energy were driven by twin engines, and AI application concept stocks showed clear differentiation.

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Mars Finance news: On July 20, supported by multiple positive catalysts, Hong Kong stocks rebounded sharply today. As of the close, the Hang Seng Index rose 2.36% to reclaim 25,000 points. The Hang Seng China Enterprises Index rose 3.01%, and the Hang Seng Tech Index rose 2.79%. In terms of market performance, large internet and tech stocks rose across the board: Alibaba, Tencent Holdings, Xiaomi, JD.com, and Meituan all gained more than 3%, while Baidu rose 2.5%. Traditional software stocks also surged noticeably. After signing a Token profit-sharing and joint innovation cooperation agreement with Moon of the Dark, China Software International saw a straight-line rally in the afternoon, jumping nearly 23%. With tensions in the Middle East escalating, energy sectors such as oil and coal were active throughout the day: CCTC Energy rose more than 8%, and China National Offshore Oil Corporation rose more than 5%. High-yield concept stocks generally rose, with domestic bank stocks showing a particularly strong move: China Construction Bank and Agricultural Bank rose more than 4%. In optical communications, the leading optical fiber and cable stock, ZTT, rose more than 8%. On the other hand, most PCB concept stocks fell, with China National Building Materials and Comba Tech both moving lower. AI application concept stocks saw significant divergence: Xunce rose more than 18%, Zhipu fell more than 19%, and MiniMax fell more than 10%. (Kegubao news broadcast)
HK50-0.04%
TOKEN0.64%
TENCENT-0.79%
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