BIXIAMI@EC2610C

LEOCH INT'L

METASPACEX

TRANSTECH

EXTREME VISION

RUICHANG INTL

GOLDEN FAITH GP

GOLDENPOWER

ASIAPAC FIN INV

EPI (HOLDINGS)

WEI YUAN HLDG

KBAB

BABX

01810

09988

06869

00883

00700

01211

On April 2, all three major Hong Kong stock indices weakened intraday, with the HSI falling 1.01%, failing to return to the previous trading day's high. Hardware, retail, and internet content sectors declined across the board, led by leading stocks like Xiaomi Group, Alibaba, and Tencent Holdings. Market turnover was active, while YOFC and GEELY AUTO stood out by bucking the trend. Investors are focusing on changes in market volume and macroeconomic recovery guidance

- On April 2, 2026, Hong Kong's three major indices declined, reflecting cautious market sentiment.  
- The Hang Seng Index fell 1.01% to 25,037.41, unable to surpass its previous high, while the tech sector led the losses with Tencent dropping 1.33%.  
- Market participants are closely monitoring upcoming economic data to gauge recovery prospects, amidst a strong US dollar affecting performance.

Market Heartbeat

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

XIAOMI-W

BABA-W

GEELY AUTO

YOFC

CNOOC

SHANDONG MOLONG

TENCENT

MEITUAN

KNOWLEDGE ATLAS

POP MART

BYD COMPANY

Tencent Holdings Limited

Tencent

Xiaomi Corporation

Alibaba

Hong Kong Stocks Intraday | Three Major Indices Collectively Weaken, Hardware and Retail Slump, XIAOMI-W Drops 3.87%

07766

516380

TSLR

515030

XIACY

Xiaomi has appointed former Tesla China general manager Kong Yanshuang to enhance its EV sales and channel management amid slowing growth. Kong will replace Li Xiaorui and focus on optimizing Xiaomi EV's sales system. Additionally, another Tesla veteran, known as "Eason," has joined the advisory department, indicating strategic importance. Xiaomi's retail model has been influenced by Tesla, but recent emphasis on product over sales capabilities has led to high turnover. The company aims to improve sales efficiency as it targets 550,000 unit deliveries for 2026, following a recent launch of the new SU7 model.

- Former Tesla China general manager Kong Yanshuang has joined Xiaomi EV to enhance automotive sales and optimize the sales system amid slowing growth.  
- Xiaomi is restructuring its sales team by incorporating Tesla veterans, including another executive with Giga Shanghai experience, to address sales challenges as market demands shift from rapid growth to refined operations.  
- The company's March deliveries surpassed 20,000 units, but they remain below expectations; to meet its 2026 target of 550,000 units, Xiaomi must improve its sales conversion efficiency.

CnEVPost

XL2CSOPTSLA

Hwabao WP CSI Intelligent Electric Vehicle ETF

GraniteShares 2x Long TSLA Daily ETF

Tesla

T-Rex 2X Long Tesla Daily Target ETF

Hua Xia CSI New Energy Vehicles ETF

GraniteShares 1.25 Long TSLA Daily ETF

Leverage Shares 2X Long TSLA Daily ETF

Simplify Volt TSLA Revolution ETF

Direxion Daily TSLA Bull 2X Shares

Xiaomi brings in Tesla veterans to strengthen retail and manufacturing operations

SONY

6758

NVDA

TECH

N6FD

TOYOF

000725

200725

300274

GOOG

GOOGL

09626

BILI

81810

HXXD

Apr 1 | Dolphin Focus: 🐬 Macro/Industry: Leaders of the US and Iran signaled openness to ending hostilities, easing fears of a broader Middle East war. On the back of this, US stocks closed higher on Tue as intl crude pulled back, with WTI and Brent both down, easing inflation worries. In addition, the White House said Trump will address the nation at 9pm ET Wed (9am Beijing Thu) to provide a major update on Iran.🐬 Single stocks: 1) $Taiwan Semiconductor(TSM.US) TSMC's Japan JASM Fab 2 has been upgraded from 6nm to 3nm...

HK market kicks off Apr. with a rally; BILI overhauls recommendation engine | Daily News Recap

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On April 1st, Hong Kong stocks rose across the board, with the Hang Seng Index closing up 2.04% at 25,294.03 points, and the Tech Index rising 2.29%. The internet and retail sectors led the gains, with Tencent and Alibaba making significant contributions, while popular stock KNOWLEDGE ATLAS surged over 31%. The market was buoyed by positive macro data and AI innovation, with active trading, but high-level pressure still needs attention

- On April 1, Hong Kong's three major stock indices rose as risk appetite improved, with the Hang Seng Index closing at 25,294.03, up 2.04%.  
- The technology and internet sectors performed well, benefiting from AI advancements, while the oil and gas sector faced losses due to falling international oil prices.  
- Market focus remains on economic data and potential policy shifts, influencing stock performance and investor sentiment.

CAM HS TECH

CSOP HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

GX HS TECH

Hang Seng TECH Index

ISHARESHSTECH

HSTECH ETF

Tianhong Hang Seng TECH ETF(QDII)

Hang Seng TECH ETF I

ZIJIN MINING

Hang Seng Index

China Southern Hang Seng ETF

ISHARESHSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hong Kong stocks close | Hang Seng Index rises 2.04%, KNOWLEDGE ATLAS surges 31.94% to lead

513130

01070

EBIZ

On April 1, the Hong Kong stock market saw a collective rise in major indices during intraday trading, with the Hang Seng Index up 2.39% and the Hang Seng Tech Index up 2.64%. The internet content and retail sectors performed strongly, with leading stocks such as Tencent Holdings and Alibaba-W significantly boosting market sentiment. The oil and gas sector, influenced by international oil prices, saw a contrarian pullback. Individual stocks like TCL ELECTRONICS and HANSOH PHARMA were active with robust trading volumes, while the market is closely watching macroeconomic data and changes in consumer confidence

- At midday on April 1, Hong Kong stocks rose, with the Hang Seng Index up 2.39% to 25,379.55 points, though it remains below recent highs.  
- The market observed significant movements in innovative sectors, with notable gains from companies such as Zhiyuan and TCL Electronics, while the energy sector faced pressure, highlighted by a drop in CNOOC shares.  
- Investor focus is shifting towards macroeconomic indicators like manufacturing PMI and unemployment rates amidst ongoing fluctuations in exports and trade.

TCL ELECTRONICS

Global X E-commerce ETF

VanEck Retail ETF

CI-LEAP@EC2612A

LEAPMOTOR

WUXI APPTEC

SUN HUNG KAI CO

HANSOH PHARMA

E Fund CSI HK Connect Internet ETF

SPDR S&P Retail ETF

Hong Kong Stocks Intraday | Hang Seng Index Rises 2.39%, Internet Retail Strong

BABA

TCEHY

The short selling amount in the Hong Kong stock market reached HKD 21.03 billion in the first half of the day, accounting for 17.1% of the total shortable stock turnover of HKD 122.85 billion. The previous day was 18.5%. The main shorted stocks include Xiaomi Corporation (short selling ratio 41.4%, amount HKD 1.11 billion), BYD COMPANY (short selling ratio 41.5%, amount HKD 1 billion), Tencent (short selling ratio 15.1%, amount HKD 730 million), CSOP HS TECH (short selling ratio 20.8%, amount HKD 690 million), and Alibaba (short selling ratio 18.5%, amount HKD 660 million)

AASTOCKS

The short selling in the Hong Kong stock market for half a day reached HKD 21.03 billion, accounting for 17.1% of the total turnover of shortable stocks

CARZ

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516110

159323

Former Tesla China General Manager Kong Yanshuang has joined Xiaomi and will take over automotive sales responsibilities from former Xiaomi Auto Director Li Xiaorui. (Jiemian)

Wallstreetcn

First Trust S-Network Future Vehicles & Tech ETF

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

MOTO

Xiaomi EV reported March deliveries exceeded 20,000 units, with the new-generation SU7 electric sedan surpassing 7,000 units. The phrasing suggests total deliveries were below 30,000 due to the SU7's model transition. February saw a year-on-year decline of 14% in deliveries. The SU7 was launched on March 19, with deliveries starting on March 23. Xiaomi aims for an ambitious target of 550,000 annual vehicle deliveries by 2026, following 411,837 in 2025.

- Xiaomi EV reported March deliveries exceeding 20,000 units, with over 7,000 units of the new-generation SU7 electric sedan.  
- This indicates total deliveries remained below 30,000, primarily due to the SU7's model transition and a year-on-year decline in February's deliveries.  
- The company aims for an ambitious target of 550,000 vehicle deliveries in 2026, after delivering 411,837 cars in 2025.

SmartETFs Smart Transportation & Tech ETF

Xiaomi EV says Mar deliveries exceeded 20,000, updated SU7 deliveries topped 7,000

Xiaomi Auto stated that the number of car deliveries in March exceeded 20,000 units. Since the delivery of the new generation SU7 began on March 23, the cumulative deliveries have exceeded 7,000 units

Xiaomi Automobile: Over 20,000 units delivered in March, with more than 7,000 units delivered after the SU7 delivery began

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According to the Hong Kong Stock Connect data, the TRACKER FUND experienced a net outflow of HKD 2.98 billion, becoming the stock with the highest net outflow of funds. In contrast, Xiaomi Corporation and Tencent saw net inflows of HKD 911 million and HKD 431 million, respectively. Overall, the net outflow of southbound funds was HKD 0, with a total transaction amount of HKD 108.909 billion, accounting for 42.58% of the market transaction volume

ChinaAMC Hang Seng ETF

FI CSOP HSI

TRACKER FUND

TRACKER FUND-R

FI2 CSOP HSI

Net outflow of HKD 2.98 billion from the Hong Kong Stock Connect Tracker Fund

As of noon, the three major Hong Kong stock market indices collectively declined significantly, with the Hang Seng Tech Index leading the drop by nearly 1%, reflecting cautious market sentiment and low risk appetite. On the sector front, heavyweight stocks suffered heavy losses, with internet services and fiber optic cable sectors performing poorly. Tencent Holdings experienced volatility, dropping over 0.08%, influenced by reduced buyback activity and substantial short selling. Industry leaders such as Alibaba, YOFC, and BYD Electronic also saw significant pullbacks. Amid pressure on mainstream sectors, market funds exhibited distinct structural arbitrage, shifting towards small-cap themes and emerging economy stocks, with CMON, CH RENEW EN INV, and J&T EXPRESS-W rising sharply against the trend. At the macroeconomic level, investors are closely watching the long-term impact of trade data on industry differentiation. Overall, the current Hong Kong stock market is characterized by intense competition within existing capital pools, displaying a clear pattern of "pressure on leaders, activity in themes."

- As of midday, Hong Kong's three major indices saw significant declines, indicating pressured market sentiment.  
- The Hang Seng Index closed at 24,624.55, down 0.51%, while the Hang Seng Tech Index and the State-owned Enterprises Index fell 0.94% and 0.84% respectively, reflecting overall weaknesses in the market.  
- Investor attention is heavily focused on macro data affecting trade and capital movement, leading to a generally cautious outlook amidst noticeable sector rotation.

LB Select

BYD ELECTRONIC

CMON

SYNAGISTICS

CH RENEW EN INV

J&T EXPRESS-W

ZIJIN GOLD INTL

Hong Kong Stocks Midday Review | Hang Seng Index Drops 0.51% Below 25,000 Points, Tech and Fiber Optic Cable Sectors Plunge, CMON Surges Intraday

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Today, Hong Kong's three major indices collectively trended lower, with market sentiment significantly pressured by the external environment and policy changes; the Hang Seng TECH Index retreated by nearly 0.5%. On the market front, the oil and gas sector fell across the board due to international oil price fluctuations, with CNOOC and UNITEDENERGY GP leading the declines. Internet giants diverged; while TENCENT rose slightly, its intraday short-selling turnover exceeded HK$3 billion, indicating intense long-short contention. Meanwhile, the market showed clear structural opportunities, with retailers and the AI sector performing actively. JST GROUP, COWELL, and other stocks surged significantly, while Asymchem jumped 12% against the trend, bolstered by strong earnings and dividend plans. Overall, competition among existing funds within the market intensified, and investor caution remained high, with capital flows tilting toward high-performance stocks and those supported by buybacks

- Hong Kong's major indices experienced significant adjustments, with the Hang Seng Index at 24,719.62, down 0.13%.  
- The oil and gas sector faced notable declines, influenced by international oil price fluctuations, while retail stocks showed volatility with significant gains for some companies.  
- Market sentiment remains cautious amid concerns over liquidity and external economic conditions, suggesting differentiated risk preferences and structural opportunities.

UNITEDENERGY GP

KUAISHOU-W

SENSETIME-W

BIDU-SWR

PHANCY

HORIZONROBOT-W

JST GROUP

COWELL

Asymchem

Hong Kong Stocks Intraday | Hong Kong's Three Major Indices Fall Across the Board: TENCENT Edges Up Against the Trend Amid Divergence, Oil and Gas Sector Plunges to Lead the Decline

Today’s Key News Recap

Sony

Sony Group Corporation

Mirae Asset Global Investments Co., Ltd.

NVIDIA

Bio-Techne

TM ADR US

Toyota Motor

Toyota

Blackstone

Taiwan Semiconductor

Sungrow Power Supply

Alphabet - C

Alphabet

BILIBILI-W

Bilibili

XIAOMI-WR

Xiaomi HK SDR 2to1

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Trade Showcase

$XIAOMI-W(01810.HK)I added more Xiaomi shares into my portfolio today, as it trades near its 52-week low. I am taking a dollar-cost averaging (DCA) approach and staying focused on the long-term potential. With strong momentum in their EV segment, I believe Xiaomi is well-positioned to outperform its peers in the years ahead.

$XIAOMI-W(01810.HK)Is Xiaomi a buy right now 🤔 ? A quick technical &amp; fundamental takeThe bullish case remains compelling:❤️EV revenue surged 221% in 2025, with a 550k delivery target for 2026❤️AI investment accelerating .Over $4B planned through 2027❤️Ecosystem strategy (“Human x Car x Home”) continues to widen its moatBut the charts tell a different short-term story:⏱ 1H View: Neutral / ConsolidatingPrice is hovering around HK$32.64, showing signs of stabilizing after the recent drop. It’s holding above support for now, but momentum is still soft.RSI sits at 48.95 . It is slightly below neutral (50), suggesting weak momentum, but not oversold yet.⏱ 4H View: Weak Trend / No Clear DirectionThe bigger picture shows a lack of strength. With ADX at 19.73, there’s no strong trend .The stock is essentially drifting sideways.Price is currently near the middle of its Bollinger Band range, meaning there’s room to move either way:• Resistance: ~HK$36.80• Support: ~HK$30.77🧠 Bottom LineLong-term investors might see this pullback as a potential entry zone.Short-term traders may want to stay patient and wait for a clear breakout above HK$36.80 before making a move.

President Trump has to do what he needs to do to protect USA interests. It's just that whatever he decides have so much ripple effects to the markets, both stock, commodities and crypto markets. I see hope and future regarding Iran's situation as President Trump is willing to be flexible in his decision-making, always preferring peace rather than all out war. So oil price will come down, gold price will stabilise and the various markets soon be more predictable.

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BIXIAMI@EC2610C(27270.HK)

BIXIAMI@EC2610C Stock Performance Chart

Hong Kong Stocks Intraday | Three Major Indices Collectively Weaken, Hardware and Retail Slump, XIAOMI-W Drops 3.87%

Xiaomi brings in Tesla veterans to strengthen retail and manufacturing operations

HK market kicks off Apr. with a rally; BILI overhauls recommendation engine | Daily News Recap

Hong Kong stocks close | Hang Seng Index rises 2.04%, KNOWLEDGE ATLAS surges 31.94% to lead

Hong Kong Stocks Intraday | Hang Seng Index Rises 2.39%, Internet Retail Strong