JP#HSI RP2902P

Hang Seng Index May Futures Opened Lower, Down 24 Points to 25784 by 17:16 on May 15

IMF Completes 2026 Article IV Consultation with Hong Kong, Affirms Economic Recovery and Financial Stability

Hang Seng Index Bull-Bear Street Ratio 75:25, Bear Cert Heavy Zone at 27000-27099

Hang Seng Index Futures Night Session Closes Up 0.02% at 26240.79 Points

HSI Futures Open 2.11% Up at 26,850 Points

HSI E-mini Futures Closed Up 411 Points

May Night Futures Index Closed at 26799 Points, Up 505 Points

May Futures Night Market Down 135 Points

The Bull and Bear Street Stocks Ratio Distribution and Changes of Hong Kong Hang Seng Index

Hang Seng Night Futures Closed at 26264 Points, 84 Points Below Official Close

Fitch Confirms Hong Kong's Rating at 'AA-' with Stable Outlook

Hang Seng Index Futures Evening Session Closed Up 0.37% at 26,421 Points

HSI Night Index Futures Quotation Down

May and June Futures Last Trading Price

HKFutures open 0.34% lower in daytime session

Update on Bull and Bear Warrants Ratio and Distribution of Hang Seng Index

Night Market Futures Prices Drift Lower

May Futures and HSCEI Futures Settlement Prices Announced

Hang Seng Night Futures Opening Situation

RADIANCE HLDGS

ANCHORSTONE

RIVERINE CHINA

REACH NEW HLDGS

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MAN YUE TECH

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The IMF praised Hong Kong's economic resilience but warned of risks from geopolitical tensions, forecasting GDP growth to slow to 2.4% this year. It urged financial reforms, including a goods and services tax, to stabilize public revenue. The report highlighted ongoing economic slack and challenges in the commercial real estate market. Financial Secretary Paul Chan noted the government's efforts to stabilize the market and projected increasing surpluses in the operating account over the next five years, emphasizing a positive growth outlook driven by global demand for AI-related electronics.

- The International Monetary Fund (IMF) praised Hong Kong's economic resilience, noting ongoing recovery despite not reaching pre-pandemic levels, while warning of risks from escalating geopolitical tensions.  
- The IMF urged mid-term fiscal reforms, including the introduction of a goods and services tax, to stabilize public revenues, predicting GDP growth to slow from 3.5% in 2025 to 2.4% this year due to weak external demand.  
- The report indicates that private investment hasn't fully recovered and highlights the mixed performance in commercial real estate, projecting a moderate economic growth outlook while emphasizing the need for broader revenue reforms.

SCMP

Hang Seng Index

TRACKER FUND

FI CSOP HSI

FL2 CSOP HSI

CSOP HSI ETF

ISHARESHSI

FI2 CSOP HSI

IMF lauds resilient Hong Kong economy, but warns of risks linked to Mideast war

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The Hang Seng Index fell 1.63% this week, closing at 25962.73, marking its largest weekly decline since March 2026. It has decreased in three of the last four weeks and is down 21.69% from its record close in January 2018. The index is currently 7.17% off its 52-week high but up 12.11% from its 52-week low. Year-to-date, it has gained 1.30%.

MorningStar

ISHARESHSI-U

ChinaAMC Hang Seng ETF

China Southern Hang Seng ETF

Factset Research

Hang Seng Index Falls 1.63% This Week to 25962.73 — Data Talk

SMSN

Asian stock markets fell on Friday due to geopolitical concerns and profit-taking after recent highs. Hong Kong, Shanghai, and Tokyo all closed lower, with Seoul's KOSPI index dropping 6% amid a potential strike at Samsung Electronics. Japan's producer prices rose 4.9% year-on-year, raising interest rate concerns. The Hang Seng Index declined 1.6%, led by tech stocks, while the MSCI All Country Asia Pacific Index fell 2.1%. Overall, regional markets showed significant declines.

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Samsung Electronics Co., Ltd. Sponsored GDR

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Dowa Holdings Co., Ltd.

TOPPAN INC.

Hang Seng TECH Index

WUXI BIO

JD HEALTH

FTSE Straits Times Index

WuXi Biologics

JD HEALTH-R

Tech Sell-Off Batters Asian Stock Markets

The Hong Kong economy grew by 5.9% year-on-year in Q1 2026, driven by strong external trade and domestic demand. Total exports rose by 23.7%, while private consumption and investment expenditures increased by 4.9% and 17.7%, respectively. The unemployment rate decreased to 3.7%. The Hang Seng Index reached a four-and-a-half-year high before correcting, but has since recovered. The residential property market also showed strength with rising prices and rentals.

- The Hong Kong government released the Q1 2026 economic report, showing a GDP growth of 5.9% year-on-year, up from 4% in the previous quarter.  
- Strong external trade and a rebound in domestic demand contributed to a significant increase in exports, especially for AI-related products, as well as a rise in private consumption and investment.  
- The labor market improved slightly, with the unemployment rate decreasing to 3.7%, and the housing market continued to strengthen with rising prices and rents.

AASTOCKS News

Govt: HK 1Q Econ Growth at 5.9%; Full-yr Growth Forecast Kept at 2.5-3.5%

Hong Kong's economy grew by 5.9% year-on-year in Q1, driven by increased exports and private consumption. This follows a 4.0% growth in Q4 2025 and 3.1% in Q1 last year. Seasonally adjusted, the economy expanded by 2.9% from January to March, up from 1.0% in the previous quarter.

- The Hong Kong government announced a 5.9% year-on-year economic growth in the first quarter, driven by a surge in exports and private consumption.  
- The economy grew by 4.0% in Q4 2025 and 3.1% in Q1 of the previous year.  
- Seasonally adjusted data shows a 2.9% growth from January to March, up from 1.0% growth in the previous quarter.

Businesstimes News

Thomson Reuters

Hong Kong Q1 GDP expands 5.9% y/y

KBAB

The HSI fell 426 points (1.6%) to 25,962, while the HSTI dropped 135 points (2.7%) to 4,941. Major stocks like BABA, MEITUAN, and XIAOMI saw declines of over 4% and 3%, respectively. Market turnover increased to $325.39 billion, with significant short selling activity noted across various stocks.

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MEITUAN

Alibaba

XIAOMI-W

BABA-W

HSI Down 426 pts; HSTI Down 135 pts; BABA Down over 4%; MEITUAN Down over 3%; XIAOMI Down over 3%; Market Turnover Rises

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On May 15, Hong Kong stocks closed lower across the board, with all three major indices declining amid soaring global bond yields and rising inflation concerns. The Hang Seng Tech Index plunged 2.66%. In terms of market performance, risk appetite for high-valuation tech sectors dropped significantly. The semiconductor, optical module, and computing power supply chains suffered heavy losses, with Hua Hong Semiconductor and Yangtze Optical Fibre and Cable among the top decliners. Most Majority Stake internet and technology stocks fell, with Alibaba dropping nearly 4% due to a sharp decline in profits reported in its earnings. Additionally, some small-cap stocks showed unusual movements, with Radiance Holdings surging over 216% on heavy volume in a single day

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iShares Semiconductor ETF

Hang Seng China Enterprises Index

HUA HONG SEMI

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Montage Technology

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Alibaba HK SDR 5to1

Tencent

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HK Stocks Close | Hang Seng Index Falls Over 1.5%; Semiconductor Sector Plunges as Global Inflation Fears Drag Down Tech Stocks

The Hong Kong Tourism Board reported that preliminary visitor arrivals in April reached 4.22 million, a 10% increase year-on-year. The growth was bolstered by events like the Hong Kong International Rugby Sevens. From January to April, total arrivals were approximately 18.52 million, up 15% YoY, with Mainland China visitors at 14.18 million and non-Mainland visitors at 4.34 million, increasing by 18% and 8% YoY respectively.

- The Hong Kong Tourism Board reported that approximately 4.22 million visitors arrived in Hong Kong in April, marking a 10% year-on-year increase.  
- The Hong Kong Sevens, held in early April, contributed to a continued growth trend in visitor arrivals.  
- From January to April, total visitor arrivals reached about 18.52 million, a 15% increase from the previous year, with 14.18 million from mainland China and 4.34 million from non-mainland visitors.

HKTB: Apr Preliminary Visitor Arrivals to Hong Kong Up 10% YoY to 4.22 Million; 1-4M Up 15%

$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy follow-through, earnings durability in platform and financial stocks, and cross-border capital flows via Stock Connect. Valuation alone is no longer a catalyst; sustained upside depends on whether policy support translates into real profit recovery and renewed confidence from long-term global investors.

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

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The exchange rate of HKD against USD is rising rapidly. Will there still be big opportunities in Hong Kong stocks? $Hang Seng Index(00HSI.HK) $Hang Seng TECH Index(STECH.HK)

While the US stock market hovers under the shadow of tariffs, the Hong Kong stock market is experiencing a liquidity-driven structural frenzy. But is this 'Hong Kong stocks feast' the beginning of a trend revaluation, or a short-lived bubble induced by capital?From a macro perspective, the weak dollar cycle and the abundance of Hong Kong dollar liquidity are the core drivers of the Hong Kong stock market. In May, US tariff revenue surged to a peak of $22 billion, yet the CPI remained stable, coupled with the potential impact of immigration policies on the job market, the probability of a Fed rate cut in June-July is extremely low. The US stock market remains in a tug-of-war between 'chicken ribs market and downside risk.' In contrast, the Hong Kong dollar exchange rate has quickly slid from the strong-side guarantee to the weak-side edge, HIBOR rates are nearly zero, and the abundant liquidity is flooding into new consumption, innovative drugs, and A/H premium targets, driving both blue-chip dividend stocks and growth assets higher.However, the sustainability of the structural revaluation of Hong Kong stocks is highly dependent on the liquidity environment. The current extremely low level of HIBOR has deviated from the US benchmark interest rate. If the Fed's policy shifts or there are changes in the supply and demand of funds, a liquidity retreat could trigger a valuation correction. More critically, the structural premium of the same asset in Hong Kong stocks compared to A-shares lacks fundamental support. In a market dominated by southbound funds, caution is needed against the risk of valuation overshoot under 'capital frenzy.'In the short term, as long as the cost of borrowing in Hong Kong dollars remains low, there is still room for liquidity-driven revaluation to continue. However, in the long term, whether Hong Kong stocks can escape the 'capital market' dilemma depends on whether corporate earnings can take over liquidity as the anchor of valuation. Investors need to closely monitor changes in HIBOR rates and maintain sensitivity to risks amid the liquidity feast. $Hang Seng Index(00HSI.HK)

$Hang Seng Index(00HSI.HK)When the Hong Kong dollar triggers the strong-side convertibility undertaking, the Hong Kong government will be forced to issue Hong Kong dollars to buy US dollars (unless Hong Kong abandons the linked exchange rate system due to another crisis caused by excessive base money).Short-term may benefit the Hong Kong stock market.

On a weekly basis, the southbound capital flow in Hong Kong stocks was a net outflow in the past week. This is unusual, as it's the first time this has happened in at least over a year. $HSTECH ETF(03032.HK) $Hang Seng Index(00HSI.HK) $XIAOMI-W(01810.HK)

$XTALPI(02228.HK)$Hang Seng Index(00HSI.HK)This is a key macro indicator for Hong Kong stocks.

$Hang Seng Index(00HSI.HK) $XTALPI(02228.HK) Who should be blamed for these poor souls in Hong Kong stocks today? Sigh... damn it

During the 2018 trade war, Gao Shanwen gave a relatively well-known internal speech:Our generation has already made enough money, so young people should just wash up and go to sleep.As for the 2025 tariff war, what I want to say is: young people might not be able to sleep.$Hang Seng Index(00HSI.HK)$Hang Seng TECH Index(STECH.HK)$Invesco QQQ Trust(QQQ.US)$SPDR S&amp;P 500(SPY.US)

Invesco QQQ Trust

SPDR S&P 500

Another day protected by southbound capital! At 13:30 in the afternoon, the southbound capital suddenly surged, and the intraday chart skyrocketed after a 10-minute delay (did you day trade during these 10 minutes? 😂).Unlike yesterday, the southbound capital first rose and then fell in the morning, showing overall weakness. By 13:30, the net purchase was only 1.5 billion. After the surge, the cumulative net purchase for the day reached 5.15 billion. Compared with yesterday, I'm more convinced that there is a will behind the southbound capital.$Hang Seng Index(00HSI.HK) $BABA-W(09988.HK) $TENCENT(00700.HK)

JP#HSI RP2902P(56030.HK)

IMF lauds resilient Hong Kong economy, but warns of risks linked to Mideast war

Hang Seng Index Falls 1.63% This Week to 25962.73 — Data Talk

Tech Sell-Off Batters Asian Stock Markets

Govt: HK 1Q Econ Growth at 5.9%; Full-yr Growth Forecast Kept at 2.5-3.5%

Hong Kong Q1 GDP expands 5.9% y/y