Market Overview
▪ On December 2, the three major indices of the Hong Kong stock market rose collectively, with the Hang Seng Index up 0.61% at 26,191.14 points; the Hang Seng China Enterprises Index up 0.50% at 9,218.72 points; and the Hang Seng Tech Index up 0.30% at 5,661.98 points.
▪ As of the time of writing, there were 684 stocks rising, 720 stocks falling, and 1,317 stocks closing flat in the Hong Kong stock market, indicating an overall neutral market sentiment, with intensified capital speculation and clear sector differentiation.
▪ Mainstream capital is concentrated in the retail, internet content, and information sectors, with technological innovation and consumer recovery becoming the current short-term market focus.
Sector Performance
▪ The hardware, storage, and peripherals sector saw moderate gains. Driven by the AI smartphone concept, AAC Technologies rose 7.01%, BYD Electronics rose 1.95%, GoerTek rose 3.07%, and Q Technology rose 2.51%. Overall expectations for technological innovation are strong, with increased capital attention. However, among the focus sectors, ZTE Corporation, after a significant rise of 13.94% yesterday, fell sharply by 6.03% during today's trading, indicating a notable short-term correction.
▪ The retail sector rose overall, driven by improved consumer sentiment and active trading. Alibaba, as the core leader, rose 2.00%, with the latest transaction price at HKD 158.00 and a transaction volume of HKD 5.162 billion; the new retail star Pop Mart rose 1.58%, with the latest transaction price at HKD 218.60 and a transaction volume of HKD 809 million. With capital inflow, market expectations for consumer recovery have improved.
Macroeconomic Background
▪ Recently, the Hong Kong stock market has been continuously focused on manufacturing PMI and foreign exchange reserves. The latest data shows that the manufacturing PMI has slightly declined to near the boom-bust line, while foreign exchange reserves remain stable, indicating a moderate pace of economic recovery. Overall macro variables have limited short-term impact on risk appetite, with the market focusing more on structural and sectoral driving forces.
▪ Changes in the external macro environment and annual economic data remain important references for investment decisions, with capital dynamically tracking improvements in fundamentals and sector rotations.
Popular Stocks
▪ Kuaishou (1024.HK) rose 2.12%, with the latest transaction price at HKD 69.80 and a transaction volume of HKD 1.713 billion. Capital is actively entering under the backdrop of high expectations in the internet content and information sector.
▪ Xiaomi Group (1810.HK) rose 1.74%, with the latest transaction price at HKD 41.00 and a transaction volume of HKD 2.212 billion. Benefiting from consumer recovery and capital inflow into the sector, it has become a focus for capital as a secondary leader.
▪ BYD Company (1211.HK) rose 3.01%, with the latest transaction price at HKD 100.90 and a transaction volume of HKD 1.170 billion. Expectations for technological innovation have revitalized the automotive sector.
Market Transaction Volume TOP10
▪ Alibaba -W (9988.HK) rose 2.00%, with a transaction volume of HKD 5.162 billion and a latest transaction price of HKD 158.00
▪ Tencent Holdings (700.HK) rose by 0.16%, with a trading volume of HKD 2.24 billion, latest transaction price HKD 620.50
▪ Xiaomi Group -W (1810.HK) rose by 1.74%, with a trading volume of HKD 2.21 billion, latest transaction price HKD 41.00
▪ Kuaishou -W (1024.HK) rose by 2.12%, with a trading volume of HKD 1.71 billion, latest transaction price HKD 69.80
▪ Meituan -W (3690.HK) fell by 1.26%, with a trading volume of HKD 1.58 billion, latest transaction price HKD 98.30
▪ ZTE Corporation (763.HK) fell by 6.03%, with a trading volume of HKD 1.34 billion, latest transaction price HKD 33.64
▪ BYD Company (1211.HK) rose by 3.01%, with a trading volume of HKD 1.17 billion, latest transaction price HKD 100.90
▪ Pop Mart (9992.HK) rose by 1.58%, with a trading volume of HKD 809 million, latest transaction price HKD 218.60
▪ XPeng Motors -W (9868.HK) fell by 3.90%, with a trading volume of HKD 705 million, latest transaction price HKD 80.10
▪ Zijin Mining (2899.HK) rose by 0.12%, with a trading volume of HKD 689 million, latest transaction price HKD 32.36

Hong Kong stocks showed a mixed performance today, with all three major indices rising. Funds focused on the retail and internet content sectors, with leading company Alibaba showing a significant increase, while there was divergence within the technology and manufacturing sectors. On the macro level, the manufacturing PMI and foreign exchange reserves had little impact on risk appetite. Volatility in popular stocks has intensified, with funds flowing around industry expectations and fundamentals. The top ten trading volumes were concentrated in leading technology and consumer stocks, with a clear structure in fund flow

- On December 2, Hong Kong's three major indices rose, with the Hang Seng Index up 0.61% at 26,191.14 points.  
- Market sentiment appeared neutral, with 684 stocks rising and 720 falling, while retail and internet sectors attracted significant investment amid a focus on consumption recovery.  
- Key stocks included Alibaba, which rose 2.00%, and BYD, which increased by 3.01%, reflecting improved expectations for consumer spending and technological innovation.

Market Heartbeat

AAC TECH

BYD ELECTRONIC

COWELL

Q TECH

BABA-W

POP MART

XIAOMI-W

BYD COMPANY

TENCENT

MEITUAN

Alibaba

Hong Kong stock market intraday | Hang Seng Index rises 0.61%, ZTE Corporation declines over 6%! AI smartphones drive overall upward movement in other industry chain targets