HSI rebounded by 1% (+226 points) to close at 22971 points after a 2-day losing streak. Daily RSI (33.7) rose above the oversold level of 30.
Of the 150 largest-cap stocks, 110 (73%) closed higher, but 87 of them (58%) rose with lower volume. And 69% of Hong Kong stocks closed higher.
All sectors rose except for Financial (0%) and Energy (-0.1%). Technology was the best sector with a 3% gain.
Meituan (3690) surged 4.5%, was the best performing top 10 largest-cap stock.
360miq.com/stockinfo?code=3690.HK
Bilibili (9626) slumped -4.2% as Beijing fined “queen of livestreaming” Viya for tax evasion, sparking new crackdown fear. It was the worst performing large-cap stock.
360miq.com/stockinfo?code=9626.HK
GCL-Poly Energy (3800) rebounded 9.4% after yesterday’s -12.7% loss and is still below MA50. It was the best performing large-cap stock.
360miq.com/stockinfo?code=3800.HK
360miq.com/market?data=HKEX#tab-3
