HS#HSI RC2809H

Hang Seng Index Futures Open 0.02% Higher at 25,959.90 Points

CITIC Securities Displays Bull and Bear Warrant Street Inventory Distribution Data for Hang Seng Index

HSI April and May Futures Open Lower

HSI Night Index Closed Down 271 Points

Changes in Bull and Bear Warrant Street Positions of Hang Seng Index

Hang Seng Index Futures Night Session Rises 0.39% to 26,494

April Night Futures Index Flat, May Night Futures Index Slightly Down

HSI futures open higher in the daytime session

CITIC Securities Updates Data on Bull and Bear Warrants Street Positioning for Hang Seng Index

Hang Seng Index Futures Night Session Closes Up 1.22% at 26,502 Points

Both Hang Seng and China Enterprises Index Futures Rise in Night Session

Night Index Futures Up 73 Points at 26255

HSI Night Index Rises 0.061% to 26198 Points

Hang Seng Index Futures Open Down 0.53% at 26,212.23

Heng Seng Index Bull and Bear Certificates Street Position Ratio at 50:50, Most New Bear Certificates Added in the 26500-26599 Range

Night Market Futures Down, Hang Seng Index Futures April Night Session Down 133 Points

Night Futures Soft, April Futures Night Market Latest at 26306 Points

HANG SENG Index Futures Open Higher in Day Session

HSI Night Index Futures Settlement at 26145 Points, Up 229 Points

HK Index Night Futures Up 273 Points, China Enterprises Index Night Futures Up 89 Points

PRODUCTIVE TECH

QIANHAI HEALTH

ALPHA PRO HLDGS

INTELLIMARK W27

GUOXIA TECH

CHINA NEW HLDGS

DATRONIX HOLD

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LINK HOLDINGS

CH SUPPLY CHAIN

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The Hang Seng Index main overnight session closed down 0.46% at 25,802 points. The Hang Seng TECH Index main overnight session closed down 0.76% at 4,830 points

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Hang Seng TECH Index

Hang Seng Index

CSOP HSI ETF

ChinaAMC Hang Seng ETF

FL2 CSOP HSI

TRACKER FUND

China Southern Hang Seng ETF

ISHARESHSTECH

HSTECH ETF

ISHARESHSI

CAM HS TECH

CSOP HS TECH

GX HS TECH

Hong Kong's unemployment rate decreased by 0.1 percentage point to 3.7% in the first quarter, marking a second consecutive decline. The underemployment rate also fell to 1.6%. Despite a slight decrease in total employment and the labor force, Secretary for Labour and Welfare Chris Sun Yuk-han noted that the sustained economic growth should support the labor market. The number of unemployed rose by 1,900 to 136,000, while underemployment decreased by 3,300 to 60,100. The government will monitor geopolitical tensions and their potential impact on the labor market.

- Hong Kong's unemployment rate decreased by 0.1 percentage points to 3.7% in the first quarter, marking the second consecutive decline.  
- The underemployment rate also fell by 0.1 percentage points to 1.6%, with notable reductions in the accommodation services sector.  
- Despite a drop in total employment by approximately 7,300 to 3.65 million, the Secretary for Labour and Welfare expressed confidence that the sustained economic growth will support the overall labor market.

SCMP

Hong Kong jobless rate dips for second successive quarter

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China’s economy plays a central role in global markets. A major collapse would affect trade, supply chains, and financial systems worldwide. Many countries depend on China’s production and demand. The impact would likely be immediate. The risks are complex.

NASDAQ Golden Dragon China Index

CSI 300

Shenzhen Index

SSE Index

Tianshun

Fortune SG SSE 180 Value ETF

Roundhill China Dragons ETF

iShares MSCI China

ISHARES A50

WISE CSI300 ETF

FI2 CSOP HSI

ISHARESCSI300

Invesco Golden Dragon China

CSOP A50 ETF

FI CSOP HSI

Direxion FTSE China Bear 3X

The risk of a China economic breakdown is growing

Overall consumer prices in Hong Kong rose by 1.7% in March 2026 compared to the same month last year, slightly below the expected 1.9% increase. The underlying inflation rate, which excludes one-off government relief measures, increased to 1.6%, up from 1.3% in January and February 2026. This comparison accounts for the different timing of the Chinese New Year celebrations between the two years.

- In March 2026, the overall consumer prices increased by 1.7% compared to the same month in the previous year, surpassing the average growth of 1.5% observed in January and February.  
- The Consumer Price Index (CPI), excluding government one-time relief measures, showed a year-on-year growth of 1.6%, also above the 1.3% average growth from January and February.  
- This comparison with January and February accounts for the differing dates of the Chinese New Year, which fell in February this year and January last year.

AASTOCKS News

HK Mar Overall Consumer Price YoY Growth Expands to 1.7%; Underlying Inflation Rate Hikes to 1.6%

According to the latest labor force statistics (i.e. provisional figures for January - March 2026) released today by the Census and Statistics Department (C&SD), the seasonally adjusted unemployment rate decreased from 3.8% in December 2025 - February 2026 to 3.7% in January - March 2026, trailing behind the consensus of staying 3.8%. The underemployment rate also decreased from 1.7% in December 2025 - February 2026 to 1.6% in January - March 2026. AASTOCKS Financial News

- According to the latest labor statistics released by the Hong Kong Census and Statistics Department, the seasonally adjusted unemployment rate decreased from 3.8% in December 2025 to February 2026 to 3.7% in January to March 2026.  
- This figure is below the market's general expectation of 3.8%.  
- Additionally, the involuntary unemployment rate also fell from 1.7% to 1.6% during the same period.

HK Latest Jobless Rate Edges Down to 3.7%, Slightly Below Consensus

In Guangzhou, China, as of April 23, 2026, the 139th China Import and Export Fair (Canton Fair) announced enhancements to its exhibition setup by introducing nine specialized product zones. This update mirrors the evolving patterns in global trade and the ongoing modernization of China's export sector.

Unusual Whales

Phase 1 of 139th Canton Fair Introduces New Dedicated Product Zones as Emerging Technologies Take Center Stage

Mainland Chinese investors have reduced their purchases of Hong Kong-listed shares this year, with southbound inflows via the Stock Connect system reaching about US$30 billion, down from US$180 billion last year. This slowdown is attributed to the emergence of more AI investment opportunities in mainland markets. Investors are shifting towards selective bets on individual companies rather than relying on Hong Kong-listed internet stocks. Despite the decline in inflows, Hong Kong's trading activity remains strong, with a rise in average daily turnover and market capitalization.

BNP Paribas

DeepSeek

AI-driven Hong Kong stock inflows from mainland China slow as options multiply

A new cross-border travel scheme will enable yachts from Hong Kong and Macau to sail to six designated ports in the Greater Bay Area, with implementation expected this summer. The proposal includes specific leisure routes and allows local yachts to obtain temporary mainland vessel nationality certificates. However, the scheme is initially limited to Hong Kong and Macau residents with mainland travel permits. Experts suggest that the scheme's economic benefits may be minimal in the short term, but future expansions could attract foreign investment and enhance the local yacht economy.

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Exclusive|Travel scheme could allow Hong Kong, Macau yachts to sail to 6 bay area ports

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The Hang Seng Index in Hong Kong fell 1% to 25,900.06 points

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

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The Hang Seng Index main overnight session closed up 0.03% at 26,169 points. The Hang Seng TECH Index main overnight session closed up 0.24% at 4,974 points

ChinaAMC Hang Seng Technology ETF(QDII)

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China Southern Hang Seng TECH ETF(QDII)

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Dacheng Hang Seng Technology ETF(QDII)

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The Asia-Pacific ETF market is set for strong growth in 2026, following a landmark 2025 where assets under management surpassed $2 trillion. Key drivers include the rise of active ETFs, thematic offerings, and increased participation from retail and institutional investors. China, Hong Kong, Japan, South Korea, Taiwan, and Australia are leading this expansion, with innovations and regulatory support shaping the landscape. Active ETFs are becoming essential components of investment strategies, reflecting a broader transformation in the region's ETF ecosystem.

FiNews

CSOP NIKKEI225

Asia-Pacific ETF Market Set for Continued Expansion

The Hong Kong Monetary Authority has disclosed the outcomes of the tender for 2-year RMB sovereign bonds, emphasizing the increasing significance of the RMB in worldwide finance. This move underscores the currency's strengthening position in the global market.

Hong Kong auctions RMB sovereign bonds; results to be announced on April 22, highlighting RMB's rising global finance influence.

$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

TENCENT

CSOP A50 ETF-R

XI2CSOPHSTECH

XL2CSOPHSTECH

GEELY AUTO

POP MART

BABA-W

Li Auto

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

BABA-WR

Alibaba HK SDR 5to1

Alibaba

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)

XIAOMI-WR

XIAOMI-W

Xiaomi HK SDR 2to1

Xiaomi Corporation

$XTALPI(02228.HK)$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)

HS#HSI RC2809H(57566.HK)

HS#HSI RC2809H Stock Performance Chart

The Hang Seng Index main overnight session closed down 0.46% at 25,802 points. The Hang Seng TECH Index main overnight session closed down 0.76% at 4,830 points

Hong Kong jobless rate dips for second successive quarter

The risk of a China economic breakdown is growing

HK Mar Overall Consumer Price YoY Growth Expands to 1.7%; Underlying Inflation Rate Hikes to 1.6%

HK Latest Jobless Rate Edges Down to 3.7%, Slightly Below Consensus