---
title: "Hong Kong stock movement: NEWBORNTOWN rose by 16.50%, with clear capital flow; can market sentiment be sustained?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281958162.md"
description: "NEWBORNTOWN rose 16.50%; Tencent Holdings rose 3.13%, with a transaction volume of HKD 5.231 billion; Kuaishou-W rose 3.96%, with a transaction volume of HKD 981 million; Baidu-SW rose 1.93%, with a transaction volume of HKD 377 million; Bilibili-W rose 4.37%, with a market value of HKD 77.5 billion"
datetime: "2026-04-08T02:07:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281958162.md)
  - [en](https://longbridge.com/en/news/281958162.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281958162.md)
---

# Hong Kong stock movement: NEWBORNTOWN rose by 16.50%, with clear capital flow; can market sentiment be sustained?

**Hong Kong Stock Movement**

NEWBORNTOWN rose 16.50%, with no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

**Stocks Ranked High in Industry Trading Volume**

Tencent Holdings rose 3.13%. Based on recent news,

1.  On April 2, Tencent Holdings repurchased 615,000 shares on the Stock Exchange, involving approximately HKD 300 million. This move demonstrates the company's confidence in its own stock, driving the share price up.
    
2.  On April 7, China Ruyi deepened its cooperation with Tencent, signing new gaming and content agreements, enhancing market expectations for Tencent's future growth and boosting the share price.
    
3.  On April 8, Tencent, Alibaba, and ByteDance placed orders for hundreds of thousands of chips with Huawei to prepare for the domestic large model DeepSeek V4, demonstrating the company's proactive layout in the AI field, further driving the share price up. The overall industry performance is good, with significant progress in AI technology.
    

Kuaishou-W rose 3.96%. Based on recent key news:

1.  On April 2, Kuaishou-W repurchased 1.1 million shares on the Stock Exchange, with repurchase prices ranging from HKD 44.82 to HKD 45.08, totaling approximately HKD 49.39 million. This move shows the company's confidence in its own stock, driving the share price up. The Hong Kong stock market has been volatile recently, and investors should be cautious.

Baidu-SW rose 1.93%. Based on recent key news:

1.  On April 5, artist Yi Yang Qianxi's studio stated that some platforms had unauthorized use of his likeness to generate AI series, and Baidu did not adjust the related content. This incident has attracted market attention and may affect Baidu's brand image and user trust, leading to stock price fluctuations. Source: Yicai. The technology industry has been volatile recently, and policy changes should be monitored.

**Stocks Ranked High in Industry Market Capitalization**

Bilibili-W rose 4.37%, with a market capitalization reaching HKD 77.5 billion, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation

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