Hot Trades in Hong Kong Stocks (8.13)｜ Tencent's Earnings Report Ignites Tech Stocks, Hang Seng Index Opens Higher!
- Today's market for large tech stocks: Tencent (mention Tencent Music and China Literature's earnings report + today's surge), Alibaba, warming up for Tencent's earnings report tonight.
- Hang Seng Index and Hang Seng Tech Index trading targets: 2x Long: 7200, 7226, 2x Short: 7500, 7552.
- Today's other trading hotspots: Apple supply chain, pharmaceutical outsourcing concept, biopharmaceutical stocks. If there's no news, just sync 'market + targets'.
Tencent leads the rally, Alibaba follows
Tencent (0700.HK) rose more than 2% at the opening, hitting a new high since June 2021. Tencent is set to release its Q2 earnings after the market closes today. According to Bloomberg data, the market expects Tencent's Q2 revenue to reach 179.0 billion yuan, up 12.2% year-on-year; adjusted net profit of 62.08 billion yuan, up 23.5% year-on-year.
Other internet and tech stocks in Hong Kong also surged across the board,
$JD-SW(09618.HK)
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