a stocks are still on vacation, and Hong Kong stocks opened very strongly.
The Federal Reserve kept its benchmark interest rate unchanged, and overseas markets were in shock. After a one-day break on May 1, Hong Kong stocks resumed trading today and continued to rise after opening slightly lower. The Hang Seng Index rose by more than 400 points in the morning. As of around 11:30 a.m., the Hang Seng Index rose 2.24%, up 397 points. The technology sector performed even stronger, with the Hang Seng Technology Index rising more than 4%.
In terms of sectors, retail, automobiles, software, pharmaceuticals, real estate, etc. led the growth, while energy, telecommunications, and public utilities performed weakly. During the session, heavyweight Tencent rose by more than 3%, and Meituan rose by more than 8%. In addition, SenseTime, Weilai, Meidong Auto, Wanwu Cloud, etc. rose significantly.
continued to explode, and SenseTime rose more than 30%.
SenseTime Technology, an artificial intelligence concept, continued to rise after the opening, once rising by more than 30%. Since the bottom in April, SenseTime’s share price has increased by more than 160%. The surge in SenseTime’s stock price is believed to be related to autonomous driving.
At the 2024 Beijing Auto Show, SenseTime Jueying debuted with a series of original ecological large-scale models and related product matrix, demonstrating for the first time the road test performance of uniad, the end-to-end autonomous driving solution for mass production, and also brought many The modal scene brain is the core of the AI large model cockpit product matrix and the new cockpit 3D interactive demonstration.
According to Wang Xiaogang, co-founder and chief scientist of SenseTime and president of Jueying Intelligent Automotive Business Group, uniad, a true end-to-end autonomous driving solution for mass production, aims to launch mass production next year.
On April 23, SenseTime held the 2024 Technology Exchange Day and released the 600 billion parameter large model "Ririxin 5.0", which has greatly improved its knowledge, mathematics, reasoning and coding capabilities, and its comprehensive performance is fully benchmarked against gpt-4turbo .
Car sales grew strongly, and NIO's stock price surged by more than 20%.
html April car sales were released. NIO's new energy vehicle sales growth led the way, and the stock price exploded. The stock price rose by more than 20% in intraday trading this morning.
Policies continue, and real estate stocks rise sharply.
The Politburo meeting importantly set the tone of "coordinating research on policies and measures to digest existing real estate and optimize incremental housing." Recently, policies to optimize the property markets in Chengdu, Nanjing, Beijing and other places have been continuously introduced.
This morning, Hong Kong mainland property stocks performed strongly. In morning trading, Wanwu Cloud, Country Garden Services, and Vanke rose by more than 10%, Longfor Group rose by more than 8%, and China Resources Land and China Overseas Land also rose by more than 4% and 3% respectively.
The Political Bureau meeting of the CPC Central Committee held on April 30 mentioned this relationship in the real estate market for the first time. The meeting pointed out that it is necessary to take into account the new changes in the supply and demand relationship in the real estate market and the people's new expectations for high-quality housing, coordinate research on policies and measures to digest existing real estate and optimize incremental housing, and quickly build a new model of real estate development to promote high-quality development of real estate.
Source: China Fund News
