CICSHST@EP2610A

HKEX Disclosures Reveal Joint Energy Group's Largest Increase in Holdings and Greentown Service's Biggest Shareholding Ratio Increase

Southern Hang Seng Tech Sees Largest Increase in Shareholding

Significant Increase in Holding Volume for Southern Hang Seng Technology

Hong Kong Exchange Reveals Southern Hang Seng Tech with the Most Increased Holding

HKEX Disclosure Easy Shows Largest Increase in Agricultural Bank of China Holdings

Changes in Holdings of Shanghai-Hong Kong and Shenzhen-Hong Kong Connect

HKEx discloses changes in stock holdings via Shanghai-Hong Kong and Shenzhen-Hong Kong Connect

HKEX Discloses Southern Hang Seng Tech's Largest Increase in Shareholding

HKEX Disclosure Easy Shareholding Changes: Southern Hang Seng Tech Added Most

Southern East Hong Kong Hang Seng Tech ETF Gains Over HK$28 Billion in Southbound Funds

Changes in Shareholdings on Hong Kong Stock Exchange on April 10, 2025: Increase in China Construction Bank, Decrease in Southern Hang Seng Technology

Hong Kong Stock Exchange Discloses Stock Connect Holdings, Southern Hang Seng Technology Increases Holdings by 85.112 Million Shares

SOMERLEY CAP

TIANLI HOLDINGS

CPM GROUP

FUTONG TECH

NICHE-TECH SEMI

SINO ICT

COSMOS MACH

UBOT HOLDING

SAMPLE TECH

PERENNIAL INT'L

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At yesterday's close, KINGSOFT's daily MACD showed a bearish signal, indicating a significant reduction in short-term upward momentum. The total trading volume for the day was approximately HKD 113 million, with liquidity at a relatively low level recently, showing that market participation enthusiasm is cooling down. As a technology company with both gaming and office software businesses, KINGSOFT previously experienced a rise following the rebound of the Hong Kong stock technology sector, but the emergence of bearish signals now suggests that this rebound may require a technical adjustment to digest profit-taking. On the news front, the AI sector remains the strongest hotspot in the Hong Kong stock market. The news that Anthropic's annualized revenue has doubled to USD 44 billion in two months has sparked market attention on the commercialization prospects of AI, and Goldman Sachs' research director also admitted that previous doubts about AI investment returns were "misjudged." However, KINGSOFT faces a more complex situation in the competition for AI large models—competition in the domestic large model track is heating up, with ByteDance's Doubao planning to unlock a new paid model, and the industry landscape is far from being finalized. Although the AI features of WPS under KINGSOFT continue to iterate, there is still a gap compared to the investment scale of leading companies, and the market's expectations for its AI monetization pace remain cautious. Overall, the Hong Kong stock technology sector was relatively strong yesterday, with the Hang Seng Technology Index recording positive returns, but KINGSOFT did not fully benefit from the sector's favorable conditions. From a technical perspective, KINGSOFT's recent performance has shown a phase divergence from the Hang Seng Technology Index, lagging during the overall sector rebound, and the emergence of independent bearish signals further confirms the weakness at the individual stock level

Technical Forecast

KINGSOFT

CSOP HS TECH

ISHARESHSTECH

Goldman Sachs

ByteDance

Hang Seng TECH Index

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Pre-market trend | KINGSOFT (3888.HK) on May 4th, volume shrinks and weakens, is the rebound over?

XIACY

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The HSI closed up 319 points, or 1.2%, at 26,095, following a strong performance in Asia-Pacific markets. Major blue chips like HSBC, AIA, and Tencent saw gains, with Alibaba and Xiaomi rallying significantly. AI-related stocks surged, reflecting increased usage of China's large AI models. Total market turnover reached HKD176.979 billion, while renewable energy stocks also advanced. Notably, NIO shares fell despite reporting a 23% YoY increase in deliveries. Overall, the market showed positive momentum driven by technology and AI sectors.

AASTOCKS News

Xiaomi Corporation

Hang Seng Index

Alibaba

BABA-W

TENCENT

HSI Closes Up 319 pts; BABA-W  and XIAOMI-W Rally as AI Stocks Surge

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BNGE

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HERO

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KWEB

Item│1Q26 Forecast│ YoY ChangeTotal revenue│ RMB197.718 billion│+9.8%- Value-added services revenue│ RMB98.511 billion│+6.9%-> Domestic game revenue│ RMB46.332 billion│+8.0%-> International game revenue│ RMB19.09 billion│+15.0%- Online advertising revenue│ RMB37.905 billion│+19.0%- Fintech and enterprise services revenue and others│ RMB60.139 billion│+9.4%Total gross profit│ RMB111.433 billion│+10.9%Gross profit margin│56.4%│+0.5 pptsNet profit│ RMB58.497 billion│+22.3%Non-IFRS net profit│ RMB68.745 billion│+12.1%Non-IFRS net profit margin│34.8%│+0.7 ppts

Guotai CSI Animation Game ETF

First Trust S-Network Streaming and Gaming ETF

ChinaAMC CSI Animation Game ETF

Global X Video Games & Esports ETF

Yinhua CSI Movies Theme ETF

Krne Csi China Internet

Morgan Stanley

Tencent

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

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MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

M Stanley 1Q Results Forecasts for TENCENT (Table)

KTEC

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Hong Kong is making significant strides in becoming a technology hub, according to Steve Sun of Dalton Venture, which is part of a HK$2 billion government initiative to invest in local start-ups. Sun noted that the government's efforts to retain research talent and commercialize research are showing positive results. Dalton Venture is among nine firms selected for the enhanced scheme of the Innovation and Technology Venture Fund, which aims to attract private capital to the tech sector. The fund has already partnered with 17 funds and 57 start-ups, focusing on strategic industries like AI and health technology.

SCMP

KraneShares Hang Seng TECH Index ETF

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ISHRS S&P Glb It

Hong Kong tech hub progress ‘significant’, Dalton Venture’s Steve Sun says

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On April 30th, the three major indices of the Hong Kong stock market fluctuated and fell, with the Hang Seng Index closing down 1.28% at 25,776.53 points. The escalating situation in the Middle East and the delayed expectations for a Federal Reserve interest rate cut have intensified market risk aversion, leading to a general pullback in technology heavyweight stocks, domestic bank stocks, and the new energy vehicle sector. Although Alibaba was favored by institutions due to the potential of its AI business and launched a digital employee product, it fell nearly 3% due to external sentiment. In contrast, the semiconductor sector, driven by leaders such as ILUVATAR COREX and SMIC, surged against the trend, becoming a major capital attraction in the market that day

Market Pulse

ILUVATAR COREX

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

Guotai CSI All Share Integrated Circuit ETF

Harvest CSI All Share Integrated Circuit ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

SAMSUNG SEMICON

Guotai CES Semiconductor Chip Industry ETF

Hong Kong stock market closing | Hang Seng Index fell 1.37%, semiconductor sector surged against the trend, technology weights and bank stocks broadly declined

STECH

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Hong Kong's stock market closed lower, with the Hang Seng Index falling by 1.28% and the Hang Seng Tech Index by 0.79%. Despite volatility, chip stocks rose, and the commercial aerospace sector gained in the afternoon. Sectors like power equipment, home appliances, and oil showed strength, while battery manufacturers, new energy vehicle companies, PCB producers, and non-ferrous metals faced significant declines.

CoinLive

Guotai CSI Semiconductor Material Equipment Theme ETF

HSTECH ETF

CSOP HSI ETF

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Hong Kong Stocks Close Lower as Hang Seng Index Falls 1.28%

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China's $1.2 trillion trade surplus is significantly flowing into the Hong Kong stock market, as highlighted by a Caixin analysis. This trend coincides with the passing of investor Mark Mobius, signaling a decline in Western bullish sentiment towards China. While some surplus funds are used for overseas expansion, a substantial amount is still directed to equities. The shift raises concerns about the implications for the Chinese economy and whether these offshore flows are sanctioned by the government. Meanwhile, Western investors remain cautious, fearing regulatory uncertainties despite recent market rallies.

benzinga_article

FI CSOP HSI

FL2 CSOP HSI

HS HSI ETF-R-D

FI2 CSOP HSI

ISHARESHSI

TRACKER FUND

BFB HEALTH

SINOPEC CORP

Meta Platforms

Sinopec Corp.

How China's Trade Surplus Is Floating Hong Kong Equities, Even As Western bulls Retreat

TCEHY

TCTZF

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Reuters

Global X Data Center & Dgtl Infrs ETF

Comm Servcies Select Sector SPDR

iShares Expanded Tech Software Sector ETF

Global X Cloud Computing ETF

VanEck Video Gaming and eSport ETF

Emerging Markets Internet ETF

Direxion FTSE China Bull 3X

iShares China Large Cap

AXA SPDB CSI Hugangshen Game and Culture Media ETF

iShares MSCI China

SPDR S&P Software

Yinhua MSCI China A ETF

Franklin Exponential Data ETF

Wedbush ETFMG Video Game Tech ETF

Proshares Big Data Refiners ETF

Penghua CSI Media ETF

Tianhong CSI Computer Theme ETF

Tencent’s New Model Shows Improvement - The Information

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Asian stock markets declined on April 28, 2026, as traders took profits on tech stocks amid Middle East concerns. The Nikkei 225 fell 1%, driven by losses in AI and semiconductor sectors, while the Hang Seng Index dropped 1% due to lagging tech and property stocks. The Bank of Japan maintained its short-term policy rate at 0.75% and revised its CPI-core forecast to 2.8% for fiscal 2026, while GDP growth expectations were lowered to 0.5%. Other regional markets also saw declines, with the MSCI All Country Asia Pacific Index down 0.4%.

Fidelity

ChinaAMC Nomura N225 ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Asset Management One Co., Ltd.

BetaShares Holdings Pty Ltd.

Hang Seng TECH ETF I

Mitsubishi UFJ Financial Group, Inc.

ChinaAMC Hang Seng Technology ETF(QDII)

CSOP NIKKEI225

iShares Future AI & Tech ETF

iShares MSCI All Country Asia Ex Japan

Dacheng Hang Seng Technology ETF(QDII)

Spdr Select Tech

ChinaAMC Hang Seng ETF

Huaan MUFG N225 ETF(QDII)

Pro Ultrshrt Yen

ORIX Corporation

Orix

SoftBank Group Corp.

SoftBank

WuXi AppTec

WUXI APPTEC

CATL

SSE Index

FTSE Straits Times Index

CATL HK SDR 30to1

Profit-Taking, Persian Gulf Views Blunt Asian Stock Markets

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Lightelligence's IPO in Hong Kong saw shares surge 408% to HK$930 after pricing at HK$183.20, raising about HK$2.5 billion. The Shanghai-based photonics company, a pioneer in hybrid optical-electronic computing, attracted significant interest, being oversubscribed 5,784 times. Despite its explosive debut, concerns remain about its financials, with a net loss of 1.34 billion yuan and reliance on a few major customers. The demand for AI infrastructure is strong, but the company is still in early monetization stages.

CICSHST@EP2610A(28027.HK)