illuviumopenworld| Comments: Hang Seng Index rose 0.8% Hang Seng Index rose 1.42% Alibaba rose more than 4%
News on May 13thIlluviumopenworldThe three major indexes of Hong Kong stocks rose collectively. As of the close, the Hang Seng Index was up 0.Illuviumopenworld.8%, stood at the Wanjiu pass to 19115.06 points, the Hang Seng Science and Technology Index rose 1.42%, and the State-owned Enterprises Index rose 0.64%. In the market, science and Internet stocks generally rose, Alibaba rose by more than 4%, Meituan by more than 3%, JD.com and Tencent by about 2%, European collection continued to hit record highs, shipping stocks rose together, and OOCL International rose nearly 6%. Military stocks rose strongly, China Shipping Defense rose more than 15%, high-speed rail infrastructure stocks were collectively strong, CRRC rose more than 7%, Yao Ming stocks opened high and opened low, Yao Ming Kant closed up 4.46%. In addition, Runway privately raised Rivengda's largest affiliated company, Nikkei Holdings, which fell 58% throughout the day.
Alibaba rose 4 per cent. Alibaba will report results for the fourth quarter of fiscal 2024 ahead of U. S. stocks on May 14. Institutions generally expect Alibaba to achieve revenue of 219.832 billion yuan in the latest quarter, up 5.58% from a year earlier, and earnings per share of 5.41 yuan, down 39.88% from a year earlier.
European operations continued to hit record highs, shipping stocks rose, and OOCL International rose nearly 6%. According to a research report released by Zheshang Securities, recently, the price increase sentiment of shipping companies has been supported by many factors: the protracted conflict in the Red Sea has led to tension in the supply chain. On the one hand, ship detour leads to an increase in transport distance, which effectively increases the demand for container and sea capacity and digests the existing transport capacity. On the other hand, the decline in ship turnover efficiency leads to tight container turnover in the port, which further aggravates the tension in the supply chain. On the one hand, the marginal improvement of macroeconomic data in Europe and the United States, on the other hand, due to the detour leading to longer transport time, superimposing expectations of rising freight rates in the peak season, shippers prepare goods in advance. In addition, the American line has entered a critical period for the signing of the long-term Association, and shipping companies have the power to raise prices.
High-speed rail infrastructure stocks strengthened collectively, with CRRC rising more than 7%. On the news, on May 10, the national railway procurement platform issued a tender announcement for EMU. Shen Wanhongyuan pointed out that the first tender for 165 groups in 24 years, and the first tender for 103 groups last year, an increase of 60%. This tender is all for 350km/h models, which has exceeded the total number of 164sets for the whole of last year. This bidding volume is the largest in the past four years. The National Railway Group still has 2-3 bids this year, and it is expected that the annual tender is expected to exceed 300 units.
Yao Ming stocks opened high and went low, while Yao Ming Kant opened 15% higher and closed up 4.46%. The US legislature has amended the Act restricting Yao Ming Kant and Chinese biotechnology companies to give more time to sever ties between biological companies, Reuters reported. the bill would require American companies to end their cooperation with these companies by 2032.
"run away" private recruitment of Ruifengda's largest affiliated company, Japan win Holdings, fell 58% throughout the day. On the news side, recently, the news of private recruitment Ruifengda "running away" has gone viral in the market. It is reported that at present, the private equity product can not be redeemed, the actual controller of the company has been lost, and some investors have reported the case. On May 10, the office space on the third floor of No. 10 House of Ruifengda Office has been closed by the economic investigation detachment of Pudong New area. In addition, the offices of Ruifengda's largest affiliated company, Risheng Holdings (Riwin Investment Holdings Group Co., Ltd.), located in Building 8 of Huigong Hall, have also been restricted.
