---
title: "Hong Kong stock movement: Morgan Stanley increases holdings, Bank of America is bullish, HUAQIN rises 12.62%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289154079.md"
description: "HUAQIN rose 12.62%; Lenovo Group rose 4.72%, with a transaction volume of HKD 4.271 billion; Xiaomi Group-W fell 0.37%, with a transaction volume of HKD 2.362 billion; Legend Holdings rose 7.06%, with a transaction volume of HKD 239 million; Sunmi Technology-W rose 9.55%, with a market value of HKD 33 billion"
datetime: "2026-06-09T07:46:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289154079.md)
  - [en](https://longbridge.com/en/news/289154079.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289154079.md)
---

# Hong Kong stock movement: Morgan Stanley increases holdings, Bank of America is bullish, HUAQIN rises 12.62%

**Hong Kong Stock Movement**

HUAQIN rose 12.62%. Based on recent key news:

1.  On June 8, Morgan Stanley increased its holdings in HUAQIN by 701,926 shares, raising its ownership stake to 6.52%. This move demonstrates institutional confidence in the company, driving the stock price up.
    
2.  On June 6, Bank of America Securities maintained a buy rating on HUAQIN and set a target price of HKD 105. The analysts' optimistic expectations further boosted market sentiment, propelling the stock price upward. There is an increasing demand for technology stocks in the market.
    

**Stocks with High Trading Volume in the Industry**

Lenovo Group rose 4.72%. Based on recent key news:

1.  On June 9, Lenovo Group signed an agreement with Tianjin to build next-generation AI infrastructure, planning to invest in the establishment of an AI computing power product R&D and manufacturing center in Tianjin, which pushed the stock price up by 4.32%. Source: NVIDIA Daily Economic News
    
2.  On June 8, Lenovo Group, as a partner for the 2026 World Cup, launched employee benefits, enhancing market attention. Source: Economic Information Agency
    
3.  On June 8, the technology sector in the Hong Kong stock market strengthened, and Lenovo Group benefited from the AI investment boom, with noticeable capital inflow. Source: Economic Information Agency. The demand in the AI industry chain is strong, driving market activity.
    

Xiaomi Group-W fell 0.37%. Based on recent key news:

1.  On June 8, Xiaomi Group spent HKD 98.4096 million to repurchase 3.6 million shares, showing the company's confidence in its own stock, but it failed to effectively boost the stock price.
    
2.  On June 8, Xiaomi Group increased its stake in Kingsoft, raising its ownership ratio to 5.39%, indirectly increasing Lei Jun's personal shareholding ratio, but the market reaction was tepid.
    
3.  On June 8, at the Xiaomi 17T series new product launch, although new phones were released, the market reaction was below expectations, and the stock price did not see significant increases. The overall performance of the Hong Kong stock market was weak, with the Hang Seng Index declining.
    

Legend Holdings rose 7.06%, with a trading volume of HKD 239 million, and there has been no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation.

**Stocks with High Market Capitalization in the Industry**

Shangmi Technology-W rose 9.55%, with a market capitalization of HKD 33 billion, and there has been no significant news recently. Trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation

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