BPALIBA@EP2609B

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

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On March 6th, the Hong Kong stock market's risk appetite warmed up, with all three major indices strengthening, led by the Hang Seng Tech Index which rose by 3.15%. The retail and internet sectors showed strong momentum, with JD-SW leading the surge with a 9.95% increase, while Tencent Holdings had the highest trading volume and closed up by 3.39%. On the macro level, the rebound in PMI and the recovery in exports provided support for the fundamentals. Although the rebound momentum continues, the market is still focused on whether policies and liquidity can help break through previous highs

- The Hong Kong stock market saw overall gains, with the Hang Seng Index closing at 25,757.29 points, up by 1.72%.  
- Notable performances included JD.com surging 9.95% and Tencent gaining 3.39%, while mixed results emerged in specific sectors.  
- Market momentum is supported by improvements in macroeconomic indicators, driving investor confidence and attention towards future policy impacts on risk preferences.

Market Heartbeat

JD-SW

MNSO

BABA-W

TENCENT

KUAISHOU-W

BILIBILI-W

XIAOMI-W

LENOVO GROUP

LEGENDHOLDING

REMEGEN

MENGNIU DAIRY

AKESO

CH ENERGY ENG

CHINA RES LAND

Tencent

Tencent Holdings Limited

Hang Seng TECH Index

Hong Kong stocks close | The Science and Technology Index leads with a 3.15% increase, JD rises nearly 10%, and both Tencent and Alibaba rise over 3%

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The Hang Seng Index closed at 25,757 points, up 435 points or 1.7%. The Hang Seng Tech Index reported 4,947 points, up 151 points or 3.2%. The total market turnover was HKD 292.766 billion. Active heavyweight stocks performance: XPeng rose 3.8%, Alibaba rose 3.5%, Tencent rose 3.4%. JD LOGISTICS rose 23%, JD Group rose 10%

AASTOCKS

FI CSOP HSI

HSTECH ETF

JD LOGISTICS

CSOP HS TECH

ISHARESHSTECH

According to the "All-Day Express," the Hang Seng Index rose by 435 points; the Hang Seng Tech Index increased by 151 points. Xiaomi Group rose by over 3%, Alibaba rose by over 3%, and Tencent rose by over 3%, with strong trading volume

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During the trading session, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index rising by 1.54% and the Hang Seng Tech Index soaring by 3.06%. In terms of sectors, internet content, retail, and hardware sectors led the gains, with leading stocks such as TENCENT, Alibaba, and XIAOMI showing strong performance, significantly boosting market sentiment. Funds are focusing on macro data and policy guidance, with TENCENT temporarily leading in trading volume at HKD 9.82 billion. As of the time of writing, overall trading volume is well-matched, but attention should still be paid to the pressure above

- Hong Kong's market shows a positive trend with the Hang Seng Index up 1.54% to 25,710.46, while the Hang Seng Tech Index and the Enterprise Index also increased.  
- Key sectors include internet content, retail, and hardware, with significant gains from Tencent, Alibaba, and Xiaomi, attracting increased capital.  
- The focus on macroeconomic data such as PMI, retail figures, and external factors like capital flows is influencing market sentiment and investment strategies.

LB Select

BIDU-SW

GEELY AUTO

KNOWLEDGE ATLAS

KINGSOFT CLOUD

XTALPI

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

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The short selling amount in the Hong Kong stock market for half a day was HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks. The main shorted stocks include Tencent, Alibaba, Xiaomi Group, BYD, and JD, with short selling ratios of 16.3%, 16.3%, 19.4%, 37.3%, and 43.5%, respectively

BYD COMPANY

The short selling in the Hong Kong stock market for half a day reached HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks

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KBAB

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The Hong Kong stock market performed strongly this morning, with the Hang Seng Index closing at 25,788 points at noon, up 468 points or 1.85%. Technology stocks led the gains, with JD LOGISTICS soaring 21.3% and JD.com rising 8.51%. Technology stocks such as Alibaba, Tencent, and Meituan also saw increases. Domestic demand stocks like Mengniu and HAIDILAO were also in high demand. All three major U.S. stock indices fell on Thursday, reigniting market concerns

- The Hong Kong Stock Exchange saw the Hang Seng Index open 37 points higher, reaching a peak increase of 481 points before closing at 25,788, a rise of 468 points or 1.85%.  
- Key tech stocks drove the market, with JD Logistics surging 21.3% and significant increases for Alibaba, Tencent, and Xiaomi.  
- Meanwhile, U.S. markets faced declines amid rising oil prices due to ongoing conflicts in Iran, with the Dow Jones dropping 784 points or 1.61%.

Stheadline

Hwabao CSI HK Equities Internet ETF

KraneShares 2x Long BABA Daily ETF

HAIDILAO

JD.com

The Hang Seng Index rose 468 points in the first half of the day, JD Logistics increased by 21%, technology stocks led the market, and ATM rose by 4% | Hong Kong stock market opens

BABA

EBIZ

BABX

KWEB

YINN

Alibaba Group Holding Ltd (BABA) saw a 3.07% decline in stock price, underperforming the Software & IT Services sector. Factors contributing to this drop include leadership changes in its AI division, geopolitical tensions, and a bleak economic outlook for China. The departure of key personnel has raised investor concerns about Alibaba's AI initiatives. Additionally, ongoing regulatory scrutiny and a low GDP growth target for China have negatively impacted sentiment. Despite some analysts maintaining a positive outlook, the prevailing negative catalysts overshadow these signals.

- Alibaba Group Holding Ltd (BABA) saw a decline of 3.07% amidst leadership upheavals in its AI division, geopolitical tensions, and concerns over China's economic outlook.  
- Notable factors include the departure of key personnel, regulatory scrutiny related to U.S. military ties, and the lowest GDP growth target announced by Beijing in decades, all adversely affecting market sentiment.  
- Despite some analysts maintaining a positive outlook and institutional investment interest, the prevailing negative catalysts have overshadowed potential growth prospects for Alibaba.

TradingKey

Alibaba

Invesco Golden Dragon China

Global X E-commerce ETF

BABA 2x Long Daily ETF - GraniteShares

Krne Csi China Internet

Direxion FTSE China Bull 3X

Alibaba Group Holding Ltd Stock (BABA) Moved Down by 3.07% on Mar 5: What Signal Does It Send?

TCEHY

Alibaba, Bytedance, and Tencent are seeking to alleviate the impact of a global memory chip shortage by turning to domestic chipmakers. The companies are in discussions to purchase more DRAM and NAND flash memory chips from two Chinese firms, moving away from reliance on Samsung Electronics and SK Hynix for additional chip supply.

- Tencent, Alibaba, and ByteDance are seeking domestic chipmakers to mitigate the ongoing global memory chip shortage.  
- The companies are negotiating to acquire more DRAM and NAND flash chips from two Chinese manufacturers.  
- Previously, they sought additional supplies from Samsung Electronics and SK Hynix.

Reuters

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

SPDR S&P Semicon

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Invesco Semiconductors ETF

Alibaba, Bytedance And Tencent Are Turning To Domestic Chipmakers To Ease The Pain From A Deepening Global Shortage Of Memory Chips - The Information

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HSBC

BABO

The Hang Seng Index rebounded today after three consecutive days of decline, closing up 71 points at 25,321 points. Northbound capital saw a net outflow of 27.735 billion yuan, the highest level since August 2025. Alibaba's stock price fell by 2.8%, while financial stocks performed well, with HSBC and Standard Chartered rising by 2.4% and 2%, respectively. The market is focused on the progress of the Israel-Iran war and changes in U.S. bond yields. Premier Li Qiang proposed a target for China's economic growth of 4.5% to 5% for 2026 at the National People's Congress

HSBC HOLDINGS

STANCHART

YieldMax BABA Option Income Strategy ETF

"Market Review" Hong Kong stocks rebound, northbound capital net outflow of 27.7 billion, Alibaba "six consecutive declines"

Hong Kong stocks closed mixed: the Hang Seng Index rose 0.28% to 25,321.34, the Tech Index fell 0.69% to 4,796.33, and the National Enterprises Index fell 0.38% to 8,451.43. The technology internet and energy sectors weakened, with Alibaba down 2.77% and Tencent down 0.79%, dragging the market; the top trading volumes were Alibaba at HKD 1,811,139.75 thousand, Tencent at HKD 1,216,376.63 thousand, and China National Offshore Oil Corporation at HKD 589,461.73 thousand, with overall sentiment being neutral to cautious

- On March 5, 2026, the three major indices showed mixed results, with a cautious market sentiment and short-term focus on overcoming earlier highs. 
- The Hang Seng Index closed up by 0.28% at 25,321.34 points, while the Hang Seng Tech Index fell by 0.69% to 4,796.33 points, reflecting a pullback from previous highs. 
- Key sectors like oil and gas faced pressure, and major stocks such as Alibaba and Tencent experienced declines, emphasizing an increase in cautious market behavior.

CNOOC

UNITEDENERGY GP

CHK OIL

GIGADEVICE

INNOVENT BIO

JIAXIN INTL RES

COSCO SHIP HOLD

Hong Kong Stock Market Closing | Hang Seng Index rose 0.28%, Tech Index fell 0.69%, AIA Group rose 5.06%

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STECH

The Hang Seng Index closed at 25,321 points, up 71 points or 0.3%. The Hang Seng TECH Index reported 4,796 points, down 33 points or 0.7%. The total market turnover was HKD 321.872 billion. Among the actively traded blue-chip stocks, Alibaba fell 2.8%, Meituan dropped 1.2%, and Tencent decreased 0.8%; HKEX and Xiaomi Group each rose 0.6%. JD Health fell 6.2%, while AIA rose 5.1%. West China Cement dropped 26.6%, and SH Electric rose 15.8%. KINETIC DEV reached a new high, rising 8.7%

CSI 300

Hang Seng Index

HKEX

KINETIC DEV

WESTCHINACEMENT

MEITUAN

Xiaomi Corporation

JD HEALTH

Meituan

SH ELECTRIC

FL2 CSOP HSI

CSOP CSI300

XL2CSOPHSTECH

FI2 CSOP HSI

FI2CAMNDQ100

The Hong Kong Economic Journal reported that the Hang Seng Index closed at 25,321 points, up 71 points; the Hang Seng TECH Index closed at 4,796 points, down 33 points. JD HEALTH fell over 6%, while KINETIC DEV reached a new high with strong trading volume

The three major indices of the Hong Kong stock market showed divergence during the trading session: the Hang Seng Index rose slightly by 0.17% to 25,291.29 points, the Hang Seng Tech Index fell by 0.90% to 4,786.12 points, and the National Enterprises Index decreased by 0.44% to 8,446.62 points, all failing to break through their respective recent highs. In terms of sectors, retailers are under pressure, internet content and information show divergence, and oil and gas exploration and production are fluctuating. Among the leaders, Alibaba weakened, Tencent showed weakness, while China National Offshore Oil Corporation strengthened. In terms of trading volume, Alibaba, Tencent, and China National Offshore Oil Corporation are at the forefront, with activity concentrated in heavyweight and energy technology stocks, and market sentiment is cautious

- The Hong Kong stock market shows mixed performance, with the Hang Seng Index slight increase of 0.17% at 25,291.29 points, while the technology sector declines 0.90%.  
- Retail sector faces pressure from earnings reports with Alibaba down 3.16% and JD down 1.07%, indicating sector volatility ahead of reports.  
- Market focus remains cautious amidst macroeconomic indicators, including U.S. Treasury rates and indicators on domestic consumption and trade, with significant activity seen in top energy and technology stocks.

WEICHAI POWER

Hong Kong stock market intraday | The Hang Seng Index rose slightly by 0.17%, the Tech Index fell by 0.90%, and CNOOC rose by 1.11%

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Alibaba fell 3.20% in the after-hours market; Amazon fell 0.63% in the after-hours market, with a transaction volume of USD 16.16 million; JD.com fell 1.42% in the after-hours market, with a transaction volume of USD 6.65 million; Pinduoduo fell 0.51% in the after-hours market, with a transaction volume of USD 1.9 million

- Alibaba's stock dropped 3.20% in after-hours trading due to recent developments, including a 4.5% decline after large trades and concerns following key personnel departures from its Qwen research team.  
- Amazon experienced pressure as geopolitical tensions escalated, particularly after its AWS division suffered a drone attack, leading to facility damage and service disruptions.  
- JD.com faced declining stock prices due to anticipated profit drops and regulatory challenges, while Pinduoduo's reputation was impacted by a former employee's bribery conviction amid increased competition in AI investments.

Tracking Unusual Activity

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U.S. stock night market volatility: Alibaba fell 3.20% in after-hours trading, large transactions and executive departures triggered market panic

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The short selling amount in the Hong Kong stock market reached HKD 25.01 billion in the half-day session, accounting for 18.1% of the total shortable stock turnover of HKD 138.41 billion. The previous day was 20.8%. The main shorted stocks include: TRACKER FUND with a short selling ratio of 11% and a short selling amount of HKD 1.99 billion; Alibaba-W with a short selling ratio of 19.5% and a short selling amount of HKD 1.58 billion; TENCENT with a short selling ratio of 16.6% and a short selling amount of HKD 1.06 billion; HSCEI ETF with a short selling ratio of 10.7% and a short selling amount of HKD 910 million; and Southern Hang Seng Technology with a short selling ratio of 19.1% and a short selling amount of HKD 820 million

HSCEI ETF

TRACKER FUND

The short selling in Hong Kong stocks for half a day reached HKD 25.01 billion, accounting for 18.1% of the total turnover of shortable shares

So after Iran is Cuba? Volatile days ahead ..

A pivotal Friday unfolds as geopolitical tensions take a new turn, AI chip controls tighten globally, and markets brace for key jobs data. Here's your essential briefing:

Oracle

Broadcom

ESTUN

ESTUN AUTOMATION

ZHAOWEI

ALSCO POOLING

NVIDIA

iShares Silver Tr

SPDR Gold Shares

GLD SG

Pro Ultr Silver

CNMC Goldmine

ByteDance

ZTE Corporation

🔥 Market Flash: Iran Denies Strait Closure, Chip Controls Expand, Jobs Data Ahead | Mar 6, 2026

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

Alibaba HK SDR 5to1

TENCENT-R

Tencent HK SDR 10to1

The global AI chip export control is a clear signal that the US is trying to preserve their dominance over the rest of the world by controlling the access to leading edge technology. This layer of geopolitical fabric veils the certainty for global businesses seeking to employ AI at scale. This would inadvertently drive businesses to diversify and reconsider the use of Chinese alternatives (or a mix of both), especially if both are now equally risky. Right now the Chinese tech companies are undervalued. Would it lead to a renewed and sustained interest in them? We shall sit back and see how it unfold.

US Pentagon says they are prepared for the war to last till September, and with Trump's comments on moving on to Cuba after finishing in Iran, I don't expect stability anytime soon. Sure the market might still be up throughout 2026, but volatility would definitely remain high.

The war balance seems to be tilting towards the US and Israel. The war must end quickly to save both sides of human losses. Even M'sia has entered saying Israel is Islam's common enemy. Does he not know he then also means M'sia is anti-US?

Oil risk premium probably stays elevatedStaying long AI infra and some commodity exposure as a hedge against geopolitical risks.Bulls on AI infrastructure and networking - Precious metals lower margin requirements could boost liquidity and trading activity.

I stick to my defensive stance until the market shows more resilient price action. Until then, I lean defensive. Stay safe!

Global chip export controls are a double-edged sword: protects US AI leadership but accelerates China's domestic semiconductor push

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Xiaomi HK SDR 2to1

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0304 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On Tues. local time, President Trump announced the White House will provide naval escorts and political risk insurance for tankers transiting the Strait of Hormuz. The goal is to stabilize energy prices and relieve soaring marine insurance costs and transit disruptions.The move directly hedges geopolitical risk and swiftly calms market worries over energy supply, limiting near-term upside for crude. It could help normalize shipping routes if implemented effectively.However, the actual effectiveness of the escort program and the longevity of regional tensions remain uncertain. Energy and shipping sectors may remain volatile as the situation evolves, so track the pace of real traffic recovery...

Amazon

NIO-SW

NIO Inc. USD OV

BABA Qwen chief steps down; NVDA sets GTC 2026 dates ｜ Daily News Recap---

BPALIBA@EP2609B(26245.HK)

Hong Kong stocks close | The Science and Technology Index leads with a 3.15% increase, JD rises nearly 10%, and both Tencent and Alibaba rise over 3%

According to the "All-Day Express," the Hang Seng Index rose by 435 points; the Hang Seng Tech Index increased by 151 points. Xiaomi Group rose by over 3%, Alibaba rose by over 3%, and Tencent rose by over 3%, with strong trading volume

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

The short selling in the Hong Kong stock market for half a day reached HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks

The Hang Seng Index rose 468 points in the first half of the day, JD Logistics increased by 21%, technology stocks led the market, and ATM rose by 4% | Hong Kong stock market opens