Hong Kong stocks closed higher | Three major indices rose, with strong performance in semiconductors and technology, Baidu up 8.90%, INNOSCIENCE up 15.35%

Market Overview

▪ The three major indices of the Hong Kong stock market closed higher today, with market sentiment significantly improving:

▪ The Hang Seng Index closed at 25,854.6 points, up 0.86%

▪ The Hang Seng Tech Index closed at 5,578.38 points, up 1.74%

▪ The State-Owned Enterprises Index closed at 8,991.02 points, up 1.12%

Sector Performance

▪ The semiconductor sector surged significantly, driven by both capital and policy resonance. SMIC rose 4.24%, closing at HKD 72.50, with a trading volume of HKD 6.744 billion. Hua Hong Semiconductor rose 3.86%, and INNOSCIENCE rose 15.35%, closing at a new high, indicating concentrated capital inflow into growth stocks within the sector, maintaining high market enthusiasm.

▪ The retail sector showed volatility, with significant differentiation within the sector. Representative stock Alibaba -W rose 0.84%, closing at HKD 144.50, with a trading volume of HKD 8.701 billion; JD.com -SW rose 1.43%, with a trading volume of HKD 1.066 billion; Miniso's decline narrowed to 0.27%. This indicates some divergence in consumer sentiment, with a cautious capital attitude and risk aversion putting pressure on the sector structure.

▪ The internet content and information sector saw widespread gains, driven by inflows of tech capital. Tencent Holdings rose 0.59%, closing at HKD 600.00, with a trading volume of HKD 8.129 billion. Baidu -SW performed outstandingly, rising 8.90%, closing at HKD 129.70, with a trading volume of HKD 3.128 billion, as the market maintains optimistic expectations for its cloud business and AI. Kuaishou -W strengthened in the afternoon, ultimately closing up 1.10%, indicating a rebound in the overall tech sector and an increase in investor risk appetite.

Macroeconomic Background

▪ The Hong Kong stock market has recently focused on retail sales year-on-year rising from 4.8% to 5.3%, indicating a recovery in domestic demand.

▪ However, the external environment remains uncertain, with overall market volatility being high. Investors are advised to closely monitor structural opportunities in consumer and export-related sectors and respond cautiously to short-term external shocks.

Popular Stocks

▪ Sanhua Intelligent Control (2050.HK) rose 12.53%, with a trading volume of HKD 2.284 billion. Capital is heavily flowing into the robotics sector, with leading companies becoming the focus of the trading session.

▪ Yujian (2432.HK) rose 13.45%, with a trading volume of HKD 874 million. The rising enthusiasm in the robotics sector, coupled with the company's decision to initiate a listing plan on the Shenzhen Stock Exchange, has attracted significant capital attention, keeping trading active.

▪ Shumeng Capital (8375.HK) closed up 78.86%, with a trading volume of HKD 29.4901 million. The placement agreement has boosted market confidence, and short-term capital speculation has driven stock price fluctuations.

▪ Cybernaut International Holdings (1020.HK) rose 20.25%, with a trading volume of HKD 8.9289 million, performing outstandingly in the absence of substantial news, with high participation from speculative capital.

Market Trading Volume TOP10 ▪ Alibaba - W (9988.HK) latest transaction price HKD 144.50, increase of 0.84%, transaction amount HKD 8.701 billion

▪ Tencent Holdings (700.HK) latest transaction price HKD 600.00, increase of 0.59%, transaction amount HKD 8.129 billion

▪ SMIC (981.HK) latest transaction price HKD 72.50, increase of 4.24%, transaction amount HKD 6.744 billion

▪ Xiaomi Group - W (1810.HK) latest transaction price HKD 39.36, increase of 2.02%, transaction amount HKD 4.199 billion

▪ Meituan - W (3690.HK) latest transaction price HKD 104.30, increase of 0.10%, transaction amount HKD 3.440 billion

▪ Baidu - SW (9888.HK) latest transaction price HKD 129.70, increase of 8.90%, transaction amount HKD 3.128 billion

▪ Pop Mart (9992.HK) latest transaction price HKD 190.80, decrease of 4.55%, transaction amount HKD 3.107 billion

▪ China Mobile (941.HK) latest transaction price HKD 82.10, increase of 0.37%, transaction amount HKD 2.614 billion

▪ Industrial and Commercial Bank of China (1398.HK) latest transaction price HKD 6.27, increase of 0.64%, transaction amount HKD 2.479 billion

▪ China Construction Bank (939.HK) latest transaction price HKD 7.72, increase of 1.31%, transaction amount HKD 2.450 billion