Hong Kong and China stock markets, 7ahead of indicators on month 10day, fluctuating repeatedly

Hong Kong’s Hang Seng Index 7month 10day, 144.94points (0.60%) higher, closing at 24,175.12while China’s Shanghai Composite Index on the same day 40.43points (1.00%) lower, closing at 3,996.16.

The Hong Kong market started with a rebound in the morning, following strength in New York stocks and easing geopolitical tensions in the Middle East. The Hang Seng Index even opened intraday at 2ten thousand 4,213.44.

The H-share index, centered on Chinese companies listed in Hong Kong, showed an upward trend during the session, and ended the day at 8,039.19. The Hang Seng Tech Index, focused on technology stocks, closed at 4,721.66 at the market close, down from the previous day.

In the morning session, Alibaba led the advance, rising 3.6%, and by the close it was up 2.50%. Lenovo surged 4.2% in the morning, underscoring sharp moves across individual stocks.

The mainland market initially turned lower, then buying interest came in and some indices moved back into positive territory. As of 10a.m., the Shanghai Composite Index had even reached 59.4,059.01.

In the afternoon, however, with investors waiting ahead of key economic data releases, profit-taking emerged and the index turned lower. The Shenzhen Component Index, which had risen to its morning high of 15,488.98 during the session, faced selling pressure and fell to 15,046.67 at the close.

By sector, semiconductor-related stocks saw sharp intraday swings, while conglomerates and some consumer and property stocks posted gains. CK Hutchison jumped 7.60%, and some semiconductor stocks fell by more than 7%.

Market participants were seen adjusting positions ahead of China’s major economic data due next week. Swings were wide across indices and individual stocks.