GJ#HSI RP2811D

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

May Futures Open 226 Points Lower, June Futures Open 208 Points Lower

Opening Quotes for Hang Seng, HSTEI, and CSI 300 Futures

HSF Futures Open Lower in Day Session

Hang Seng Index Futures Close at 26285

Night Futures Soft, May Futures Down 147 Points

Hang Seng Index Futures Open 1.11% Higher

Latest Bull and Bear Warrant Street Inventory Distribution of Hang Seng Index

Hang Seng Index Futures Evening Session Rises 1.10% to 26,304.53

REF HOLDINGS

KANGLI INT HLDG

JY GRANDMARK

GANGLONG CHINA

EDICO HOLDINGS

SHING CHI HLDGS

KWONG MAN KEE

JIN MI FANG GP

ZHONGKE GROUP

CH DEMETER FIN

02618

00HSI

At market close, the HSI rose 40 points to 26,388, while the HSTI increased by 23 points to 5,093. Notable performers included MEITUAN, which gained 4.1%, and several stocks like JD LOGISTICS and JD INDUSTRIALS hitting new highs. Market turnover reached $277.77 billion, with active trading in heavyweights such as TENCENT and XIAOMI. The HSCEI saw a slight decline of 5 points. Overall, the market showed positive momentum with several stocks experiencing significant gains.

- The Hang Seng Index (HSI) rose by 40 points to close at 26,388, while the Hang Seng China Enterprises Index (HSCEI) fell by 5 points to 8,876, with market turnover at $277.77 billion.  
- Notable movements included JD rising 8.3% to $128.2 and Geely Auto declining 5.2% to $21.38, with short selling activity recorded across major stocks.  
- Active heavyweights such as Meituan and Tencent posted gains, while various smaller constituents had significant fluctuations in their stock prices.

AASTOCKS News

JD LOGISTICS

Hang Seng Index

Hang Seng TECH Index

MEITUAN

JD INDUSTRIALS

FIT HON TENG

DATANG POWER

KB LAMINATES

Hang Seng China Enterprises Index

TENCENT

XIAOMI-W

BABA-W

JD-SW

JD HEALTH

GEELY AUTO

SUNNY OPTICAL

CATL

SMIC

XINYI GLASS

QINGSONG HEALTH

XUNCE

INNOSCIENCE

PEGBIO CO-B

TIMES ELECTRIC

ZHIDA TECH

HAICHANG HLDG

AAC TECH

TIANGONG INT'L

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Datang Power

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Alibaba

BABA-WR

Alibaba HK SDR 5to1

JD-SWR

JD.com

JD HEALTH-R

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

CATL HK SDR 30to1

SMIC HK SDR 5to1

Times Electric

HSI Closes at 26,388, Up 40 pts; HSTI Closes at 5,093, Up 23 pts; MEITUAN Up over 4%; JD LOGISTICS, JD INDUSTRIALS, FIT HON TENG, DATANG POWER, KB LAMINATES Hit New Highs; Market Turnover Rises

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The Hong Kong Monetary Authority (HKMA) and the Insurance Authority (IA) have collaborated to promote a Cross-sector Background Check Framework for the banking and insurance industries. During an industry exchange session, HKMA Deputy Chief Executive Arthur Yuen highlighted Hong Kong's reaffirmed status as a leading international financial center, emphasizing the importance of integrity and customer-first culture among financial institution employees to maintain customer and societal confidence in the sector.

CSOP HSI ETF

ISHARESHSI

TRACKER FUND

HKMA, IA Join Hands to Promote Cross-sector Background Check Framework

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07300

07500

159920

513600

Morgan Stanley has raised its Q2 2027 targets for major Chinese stock indexes, setting the Hang Seng Index at 28,400 and the CSI 300 Index at 5,400. The firm anticipates a moderate market rally due to improved corporate earnings, stronger supply chains, and a robust Renminbi. Morgan Stanley favors A-shares over offshore markets and emphasizes thematic stock picking, while warning of potential short-term volatility.

CoinLive

ChinaAMC CSI 300 ETF

FI CSOP HSI

Yinhua MSCI China A ETF

CAM CSI300-R

FL2 CSOP HSI

FI2 CSOP HSI

ChinaAMC Hang Seng ETF

China Southern Hang Seng ETF

CAM CSI300

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

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

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

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

Morgan Stanley Raises Q2 2027 Targets for Chinese Stock Indexes

Mainland Chinese home purchases in Hong Kong surged 48% in April, reaching a two-year high with 1,892 homes bought worth HK$18.9 billion. This accounted for 27.5% of total purchases, primarily in the new home market. Analysts expect this trend to continue due to rising rents and a resilient stock market, with forecasts of at least a 10% price increase for the year. Private home prices rose for the 10th consecutive month, reflecting improved sentiment and demand.

- In April, the number of homes purchased by mainland Chinese buyers in Hong Kong surged by 48%, reaching the highest level in two years, driven by a strong yuan and a shift from renting to buying.  
- A total of 1,892 homes worth HK$ 18.9 billion were sold, marking a 31% increase from March and constituting 27.5% of total transactions, with new homes preferred.  
- Analysts predict this trend will continue as more Chinese professionals in Hong Kong seek home ownership due to rising rents and improving market sentiment.

Businesstimes News

MIDLAND HOLDING

Thomson Reuters

Mainland Chinese snap up Hong Kong homes in April, most in 2 years

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Hong Kong will halve tolls for commercial vehicles using public tunnels for two months starting Sunday, aiming to reduce business costs amid rising fuel prices due to the Middle East conflict. The 50% discount applies to buses, goods vehicles, light buses, and registered taxis, while private vehicles are excluded. The measure is designed to alleviate operating costs without requiring applications from vehicle owners. Additionally, the government has previously introduced diesel and LPG subsidies to address fuel price volatility, with Brent crude prices around US$107 per barrel.

SCMP

F GX OIL

Hong Kong halves tunnel tolls for commercial vehicles amid surging fuel prices

M Stanley has raised its target price for the Hang Seng Index (HSI) to 28,400, anticipating an upward trend extending into the second quarter of next year. The report highlights that Chinese equities are expected to see moderate gains due to earnings improvements, a strong position in the global supply chain, and RMB appreciation. M Stanley also identified key investment themes, including technology stocks aligned with China's 15th Five-Year Plan and companies poised to meet global energy demands. The report emphasizes significant opportunities in China's equity market for targeted portfolio building.

M Stanley Raises HSI TP to 28,400, Expects Uptrend to Extend to 2Q Next Year

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STECH

At midday, the HSI rose 69 points to 26,416, while the HSTI increased by 26 points to 5,096. Notable gainers included MEITUAN, up 4.8%, and JD, which surged 7% to hit a new high. Other stocks reaching new highs included FIT HON TENG, KB LAMINATES, and ASMPT. Overall, the market showed positive momentum with several heavyweights performing well, despite some declines in stocks like GEELY AUTO.

HSI Closes Midday at 26,416, Up 69 pts; HSTI Closes Midday at 5,096, Up 26 pts; MEITUAN Up over 4%; JD INDUSTRIALS, FIT HON TENG, KB LAMINATES, ASMPT, KINGBOARD HLDG Hit New Highs

Fitch Ratings has affirmed Hong Kong's Long-Term Foreign-Currency Issuer Default Rating (IDR) at AA- with a Stable Outlook, citing strong external finances and fiscal balance. The agency forecasts economic growth at 3.5% for this year, supported by global demand for AI-related products and increased tourism. However, growth remains vulnerable to geopolitical conflicts and trade tensions, with potential impacts from China's economic slowdown. Medium-term growth is expected to be between 2.5% and 3%.

Fitch Affirms HK at AA-, Foresees Econ Growth at 3.5% This Yr

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Asia-Pacific markets showed mixed results on Tuesday amid concerns over the fragile U.S.-Iran ceasefire. The Nikkei 225 rose by 0.5%, while the Hang Seng fell by 0.2%. Japan's 10-year bond yields reached their highest since 1997. Other indices, including the CSI 300 and Kospi, also experienced declines, while markets in Taiwan, Singapore, and Australia saw slight gains. President Trump expressed doubts about the ceasefire's stability, indicating it was on "massive life support."

Baystreet

CSOP NIKKEI225

Huaan MUFG N225 ETF(QDII)

Pro Ultrshrt Yen

CSI 300

Fragile Ceasefire Means Uneasy Asia Markets

$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!

XTALPI

LI AUTO-W

CSOP A50 ETF-R

CSOP A50 ETF

XI2CSOPHSTECH

ISHARESHSTECH

HSTECH ETF

XL2CSOPHSTECH

CSOP HS TECH

CAM HS TECH

Hang Seng TECH ETF I

POP MART

Li Auto

POP MART HK SDR 20to1

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)

GJ#HSI RP2811D(56628.HK)

HSI Closes at 26,388, Up 40 pts; HSTI Closes at 5,093, Up 23 pts; MEITUAN Up over 4%; JD LOGISTICS, JD INDUSTRIALS, FIT HON TENG, DATANG POWER, KB LAMINATES Hit New Highs; Market Turnover Rises

HKMA, IA Join Hands to Promote Cross-sector Background Check Framework

Morgan Stanley Raises Q2 2027 Targets for Chinese Stock Indexes

Mainland Chinese snap up Hong Kong homes in April, most in 2 years

Hong Kong halves tunnel tolls for commercial vehicles amid surging fuel prices