Market Overview
▪ In the Hong Kong stock market, the three major indices showed mixed performance. As of now, the Hang Seng Index has rebounded slightly, up 0.27%, currently at 26,847.92 points, continuing the recent high-level fluctuations, with some space remaining to the new peak set on January 29.
▪ The Hang Seng Tech Index has seen a significant pullback, down 0.96% during the session, reported at 5,473.35 points, facing short-term pressure for adjustment.
▪ The China Enterprises Index is also consolidating narrowly, currently down 0.1% at 9,070.93 points, still distant from the peak reached on January 29, maintaining an overall range-bound pattern.
Sector Performance
▪ The internet content and information sector plummeted significantly during the session, affected by rumors regarding potential adjustments in &#34;game industry taxation,&#34; putting overall pressure on the sector. Tencent Holdings fell 2.84%, with a transaction volume of HKD 32.052 billion, Kuaishou dropped 3.96%, with a transaction volume of HKD 4.149 billion, and Baidu decreased by 3.54%, with a transaction volume of HKD 2.059 billion. Related companies have issued clarifications, and institutions believe the rumors have caused short-term emotional disturbances, leading to a short-term outflow of funds from the sector.
▪ The retail sector showed a mixed trend during the session, with Alibaba down 1.29%, trading at HKD 14.141 billion, JD slightly down 0.18%, while MNSO rose 2.65%, reflecting an increased market focus on structural opportunities in the consumer sector, although overall activity remains moderate with clear differentiation.
▪ The semiconductor manufacturers sector performed impressively, showing overall strength. Hua Hong Semiconductor rose 5.03%, with a transaction volume of HKD 2.563 billion, and Drinda surged 15.66%, with a transaction volume of HKD 1.306 billion. The leading stocks in the sector saw significant gains, quickly attracting incremental capital inflows and sparking market enthusiasm. SMIC slightly fell 2.15% during the session, but trading remained active at HKD 4.643 billion. As a structural hotspot, semiconductors received focused capital allocation.
Macroeconomic Background
▪ Recent data from the Hong Kong stock market has been stable, with ample liquidity and resilient macroeconomic indicators. Core data such as retail, exports, and GDP have shown no drastic fluctuations, with investors paying attention to capital flows and changes in the external environment. Overall performance indicates robust market sentiment, and future trends should be monitored for changes in the global economy and policies.
Popular Stocks
▪ Drinda (2865.HK) rose 15.45% during the session, with a transaction volume of HKD 1.303 billion. No significant news has been found recently, but the continuous surge indicates rapid capital attention on the sector and individual stocks.
▪ CIMC (2039.HK) rose 19.93% during the session, with a transaction volume of HKD 205 million. There have been no major news reports from authoritative media in the past three days, but short-term capital movements are evident.
▪ FINSOFT FIN (8018.HK) rose 38.00% during the session, with a transaction volume of HKD 4.4976 million. Short-term capital inflows have driven up the stock price.
▪ TIME INTERCON (1729.HK) rose 11.55% during the session, with a transaction volume of HKD 296 million. Market activity continues to increase
Market Trading Volume TOP10
▪ TENCENT (00700.HK) Latest trading price HKD 580.50, down 3.01%, trading volume HKD 32.009 billion
▪ Alibaba -W (09988.HK) Latest trading price HKD 160.90, down 1.47%, trading volume HKD 14.102 billion
▪ SMIC (00981.HK) Latest trading price HKD 70.50, down 2.35%, trading volume HKD 4.625 billion
▪ KUAISHOU -W (01024.HK) Latest trading price HKD 73.80, down 4.16%, trading volume HKD 4.14 billion
▪ ZIJIN MINING (02899.HK) Latest trading price HKD 41.18, up 4.10%, trading volume HKD 3.558 billion
▪ MEITUAN -W (03690.HK) Latest trading price HKD 93.45, down 1.48%, trading volume HKD 3.426 billion
▪ Xiaomi Group -W (01810.HK) Latest trading price HKD 34.86, down 0.57%, trading volume HKD 3.186 billion
▪ HUA HONG SEMI (01347.HK) Latest trading price HKD 108.60, up 5.03%, trading volume HKD 2.554 billion
▪ POP MART (09992.HK) Latest trading price HKD 232.60, up 2.74%, trading volume HKD 2.543 billion
▪ LONGBRIDGE (06869.HK) Latest trading price HKD 89.65, up 5.97%, trading volume HKD 2.537 billion

The three major indices of the Hong Kong stock market showed mixed trends during the trading session, with the Hang Seng Index slightly rising while the Hang Seng Tech Index faced pressure and fell back. The internet sector experienced a significant decline, with tech giants such as TENCENT and KUAISHOU showing notable drops. The semiconductor sector led the gains strongly, with HUA HONG SEMI and DRINDA among the top performers. The market was influenced by rumors regarding tax policies, with funds focusing on structural hotspots and maintaining a cautious sentiment. The retail sector showed divergence, with MNSO strengthening against the trend. Overall, investors continued to adopt a high-level oscillation strategy, with prominent short-term sector rotations and funds flowing into semiconductors and some popular stocks

- The Hong Kong stock market shows mixed performances among its three major indices, with the Hang Seng Index up 0.27% to 26,847.92 points, while the Hang Seng Tech Index fell by 0.96% to 5,473.35 points amid regulatory concerns.  
- The semiconductor sector is particularly strong, with notable gains from companies like Huahong Semiconductor rising 5.03% and Junda Co. surging 15.66%.  
- Overall market activity reflects steady investor sentiment, focusing on liquidity and external economic conditions, with key stocks experiencing notable fluctuations throughout the day.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

JD-SW

MNSO

HUA HONG SEMI

DRINDA

SMIC

CIMC

FINSOFT FIN

TIME INTERCON

ZIJIN MINING

HG SEMI

Hua Hong

Hong Kong Stock Market Intraday | Hang Seng Index fluctuates at a high level, technology under pressure, semiconductor leaders show unusual movements, HUA HONG SEMI rises 5.03%, DRINDA rises 15.66%