Market Overview
▪ During intraday trading, the three major indices of the Hong Kong stock market rose strongly in the afternoon, with market sentiment improving.
▪ As of now, the Hang Seng Index is at 25,905.36 points, up 1.05%.
▪ The Hang Seng Tech Index is currently at 5,590.76 points, with an intraday increase of 1.97%.
▪ The China Enterprises Index is at 9,014.28 points, up 1.38%.
Sector Performance
▪ The internet content and information sector continued to rise during intraday trading, with leading company Tencent Holdings increasing by 0.67%, with a transaction volume of HKD 5.486 billion. Baidu saw a strong increase of 8.14%, with a transaction volume of HKD 1.970 billion. Kuaishou rose by 1.02% during the day, but news of the resignation of its Vice President and head of the foundational large model has emerged; if confirmed, it may affect market expectations for the company's AI and product innovation. Overall, high-quality traffic and content platforms are attracting capital attention, with investors favoring leading companies driven by technological innovation.
▪ The retail sector fluctuated upward, with Alibaba increasing by 1.33%, with a transaction volume of HKD 5.406 billion, and JD.com rising by 1.79%, with a transaction volume of HKD 450 million. The sector's activity has increased, with capital focusing on industry technological innovation and potential leaders. JD.com has reached a deep technical cooperation in the field of advertising reasoning with Huawei, which is expected to enhance the company's competitiveness in intelligent advertising and data applications. Miniso, on the other hand, fell by 0.81% during the day, with mixed capital attitudes leading to structural differentiation in the industry.
▪ The semiconductor sector saw a significant overall increase, with direction being the most sought after. SMIC rose by 4.39%, with a transaction volume of HKD 4.836 billion, making it the industry leader. Hua Hong Semiconductor increased by 3.04%, and Innovent Biologics surged by 12.10%. The semiconductor theme sector showed significant activity, reflecting the market's continued allocation enthusiasm for domestic technology and self-controllable main lines, with the profit-making effect significantly enhanced.
Macroeconomic Background
▪ Recently, the growth rate of retail sales in Hong Kong has increased, indicating that domestic demand is gradually stabilizing; the market is generally concerned about fluctuations in the RMB exchange rate, export dynamics, and unemployment rates. The macro environment is influenced by adjustments in Hong Kong government policies and external economic disturbances, and future trends will still need to pay attention to the impact of policy promotion and global capital flows. The stabilization of retail sales has restored consumer confidence, providing a foundation for medium to long-term capital layout.
Popular Stocks
▪ Sihua Intelligent Control (2050.HK) rose by 12.00%, with a transaction volume of HKD 1.817 billion. Capital has densely flowed into the robotics sector, making leading companies the focus of intraday trading.
▪ Yujian (2432.HK) rose by 14.45%, with a transaction volume of HKD 664 million. The rising heat in the robotics sector, combined with the company's decision to initiate a listing plan on the Shenzhen Stock Exchange, has attracted significant capital attention, keeping trading active.
▪ Shuke Group (2350.HK) increased by 17.57%, with a transaction volume of HKD 8.8818 million. The collaboration in pharmaceutical information technology and low-altitude flight has given the stock strong short-term upward momentum, with noticeable capital inflow and increased risk appetite.
▪ Shumeng Capital (8375.HK) surged by 58.54% during the day, with a transaction volume of HKD 24.8351 million. This stock lacks specific news drivers, but short-term capital has been frequently entering and exiting, amplifying trading activity and creating a strong speculative atmosphere
Market Trading Volume TOP10
▪ Tencent Holdings (700.HK) Latest trading price HKD 600.50, increase of 0.67%, trading volume HKD 5.485 billion
▪ Alibaba -W (9988.HK) Latest trading price HKD 145.20, increase of 1.33%, trading volume HKD 5.406 billion
▪ SMIC (981.HK) Latest trading price HKD 72.60, increase of 4.39%, trading volume HKD 4.836 billion
▪ Xiaomi Group -W (1810.HK) Latest trading price HKD 39.56, increase of 2.54%, trading volume HKD 2.878 billion
▪ Pop Mart (9992.HK) Latest trading price HKD 190.10, decrease of 4.90%, trading volume HKD 2.395 billion
▪ Meituan -W (3690.HK) Latest trading price HKD 104.70, increase of 0.48%, trading volume HKD 2.255 billion
▪ UBTECH (9880.HK) Latest trading price HKD 129.80, increase of 8.62%, trading volume HKD 2.059 billion
▪ Baidu -SW (9888.HK) Latest trading price HKD 128.80, increase of 8.14%, trading volume HKD 1.969 billion
▪ China National Offshore Oil Corporation (883.HK) Latest trading price HKD 21.54, increase of 4.36%, trading volume HKD 1.883 billion
▪ Sanhua Intelligent Control (2050.HK) Latest trading price HKD 38.26, increase of 12.00%, trading volume HKD 1.817 billion

As of midday, the three major indices of the Hong Kong stock market have collectively risen, with market sentiment showing a clear improvement. The semiconductor sector leads the gains, while the internet content and retail sectors also perform prominently, with funds actively flowing into leading stocks. SMIC, Baidu, and Sanhua Intelligent Control are among the top gainers, with market hotspots concentrated in the technology and innovation sectors. On the macro level, improved retail data has stabilized domestic demand, and investors are paying attention to policy adjustments and fluctuations in the RMB exchange rate

- The Hong Kong stock market showed strong gains, with major indices rising and the Hang Seng Index up 1.05% to 25,905.36 points.  
- Notable movements included a 12.00% increase for Sannuo Zhikong and a 14.45% rise for Yuejiang, attributed to high investor interest in the robotics sector.  
- The market's overall encouraging sentiment is supported by improving retail sales and investors focusing on technological innovations.

Market Heartbeat

BIDU-SW

KUAISHOU-W

SHANXI INSTALL

BABA-W

TENCENT

JD-SW

SMIC

INNOSCIENCE

SANHUA

DOBOT

MTT GROUP

XIAOMI-W

POP MART

Baidu

Hong Kong stocks intraday | The three major indices surged strongly! The semiconductor and internet technology sectors are strong, with SMIC rising 4.39% and Baidu rising 8.14%