Hong Kong stocks show remarkable performance during National Day holiday

Hong Kong stocks showed remarkable performance in the first week of October, which is concurrent with the National Day holiday of China, with Hang Seng Index surging by 7.59 percent and the Hang Seng Tech Index rising by 10 percent, respectively.

After a continuous rally, Hong Kong stocks have become the top performers among global major indices this year, outpacing U.S. and Japanese markets.

"The Hang Seng Index has risen by 24 percent over the past two weeks, with an average daily trading volume exceeding 300 billion HKD (about 38.63 billion U.S. dollars), marking a 180 percent increase compared to the average daily trading volume in the first half of the year," said Peter Pak, executive director of BOCI Securities Limited.

Northbound capital, seen as a key channel for foreign investment to enter Chinese mainland market, has more than doubled recently. Both the MSCI China Index and the NASDAQ Golden Dragon China Index, which track Chinese stocks, have reached new highs.

"On September 30, the day before the National Day holiday, the total trading volume of northbound capital, which connects the capital markets between Hong Kong and Chinese mainland, was four times more than that of September 23. The MSCI China Index has risen by over 30 percent in the past month," said Ronald Wan, member of Hong Kong Securities and Investment Institute.

Hong Kong stocks show remarkable performance during National Day holiday

The week-long National Day holiday has entered the return peak on Monday, with holidaymakers across China hasting their return itineraries by train, car and air, spurring holiday traffic culmination.

The National Day holiday, also known as "golden week," is usually one of the peak travel seasons on China's domestic tourism calendar.

Railways across the country handled 18.52 million passengers on Sunday and are expected to handle 19.86 million passengers on Monday, with 1,705 additional trains scheduled.

Expressways nationwide continue to experience high traffic volumes, primarily due to return trips. The total traffic volume on these expressways is expected to reach 63 million on Monday.

Meanwhile, the country's civil aviation sector is expected to transport over 2.2 million passengers on the same day, with more than 17,000 flights scheduled for domestic routes and over 2,500 flights for inbound and outbound routes.

Holiday travel enters return peak on National Day golden week

Holiday travel enters return peak on National Day golden week