After experiencing a significant decline in the past few days, A shares and Hong Kong stocks finally saw a strong rebound.
Today, the three major indices of A-shares all surged, with the Shanghai Composite Index up by 3.48%, the Shenzhen Component Index up by 4.02%, and the ChiNext Price Index up by 5.2%. In terms of sectors and individual stocks, the tourism hotels, aeronautical airports, and brokerage sectors all experienced collective explosive growth. Songcheng Performance Development, Guilin Tourism, and many other tourism stocks hit the limit up, China Southern Airlines, Air China Limited reached the limit up, BOC International, GF Securities hit the limit up, and East Money Information surged by 10%.
Hong Kong stocks soared! The Hang Seng Index rose by nearly 1500 points, up over 8%, the Hang Seng TECH Index briefly surged over 18.4%, marking the largest single-day increase since the index was launched. Internet technology companies experienced a violent rebound. Bilibili surged by 40% at one point, Kuaishou, Li Auto surged over 34%, JD.com, Meituan surged over 32%, Tencent rose over 23%, and Alibaba surged over 27%.
Today, the Financial Stability and Development Committee pointed out in a special meeting that relevant departments must effectively fulfill their own responsibilities,Actively introduce market-friendly policies and cautiously implement contractionary policies.Regarding Chinese concept stocks, the regulatory agencies of both China and the United States are maintaining good communication at present.Positive progress has been made and efforts are being made to formulate specific cooperation plans.This significant bullish news is an important reason for the strong rebound in the stock market, and to some extent, it helps stabilize market confidence.
After all, from early March to now, the SSE Composite Index has fallen from the high of 3500 points, once breaking below 3100 points. In the short span of half a month, the cumulative decline exceeded 11%, and the SZSE Component Index dropped by over 14%...