JP#MTUANRC2602R(54408.HK)

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"Hong Kong Stocks" The Hang Seng Index rose 59 points throughout the day, commodity stocks rebounded, and HSBC created a high

Hong Kong stocks rebounded today, with the Hang Seng Index rising 59 points to close at 26,834 points. The National Index fell 27 points, and the Hang Seng Tech Index dropped 59 points. The total turnover was HKD 335.152 billion. In the tech sector, Tencent fell 2.9%, Baidu declined 3.6%, while Alibaba and Meituan dropped 1.4% and 1.7% respectively. There are rumors that China's financial industry and internet services may face an increase in value-added tax, but experts have stated that the rumors are unfounded. Chip stocks showed mixed performance, with SMIC falling 2.4% and HUA HONG SEMI rising 4.2%

AASTOCKS·
US
TCEHY
-3.33%
HK
00700
-2.92%
HK
09988
-1.41%
AASTOCKS·
US
TCEHY
-3.33%
HK
00700
-2.92%
HK
09988
-1.41%

Tax rumors "raid" Hong Kong stocks! Institutional interpretation: excessive speculation, very low credibility

During the decline of stock prices of internet giants in the Hong Kong stock market, a widely circulated message about "China will adjust the identification of high-tech enterprises and related new tax policies" emerged. Everbright Securities believes that the rumor of "game tax rates aligning with liquor" is a common misconception. The two have completely different taxation logic and legal basis, and there is no foundation for "alignment." Moreover, tax rate adjustments require rigorous legislative or administrative procedures. The current macro policy focus is on "stabilizing growth, promoting innovation, and supporting industrial upgrades," and implementing a "one-size-fits-all" tax increase on key industries contradicts the overall policy direction

Wallstreetcn·
HK
03690
-1.74%
HK
09988
-1.41%
SH
513770
-0.56%
Wallstreetcn·
HK
03690
-1.74%
HK
09988
-1.41%
SH
513770
-0.56%

Hong Kong Stock Midday Review | The Hang Seng Index slightly rises during the session, with active Internet and AI concepts; FANGZHOU JIANKE rises over 16%

The Hong Kong stock market showed a mixed performance at midday, with the Hang Seng Index slightly up by 0.2%, while the Technology and State-Owned Enterprise indices retreated, reflecting the continuation of a high-level oscillation pattern. The internet content sector declined during the session. The retail sector was mixed, with Alibaba -W down by 1.78%. The AI and innovative technology sectors were highlighted, with stocks like FANGZHOU JIANKE and MINIMAX-WP surging during the session, indicating a clear rotation in the market structure. At the macro level, fluctuations in external capital and consumer confidence remain the core variables of concern for the market

Market Heartbeat·
HK
00700
-2.92%
HK
01024
-4.61%
HK
09888
-3.61%
Market Heartbeat·
HK
00700
-2.92%
HK
01024
-4.61%
HK
09888
-3.61%

The total short selling in the Hong Kong stock market for the day was HKD 54.12 billion, accounting for 17.4% of the turnover of shortable stocks

The total short selling amount in the Hong Kong stock market for the day was HKD 54.12 billion, accounting for 17.4% of the trading volume of shortable shares. This is a decrease from the previous day's 18.1%. The five stocks with the highest short selling amounts are: TRACKER FUND short selling ratio 43.6%, amount HKD 10.74 billion; Southern Hang Seng Technology short selling ratio 30.5%, amount HKD 2.41 billion; BYD COMPANY short selling ratio 32%, amount HKD 1.9 billion; XL Southern Hang Seng Technology short selling ratio 73.1%, amount HKD 1.83 billion; MEITUAN-W short selling ratio 27.8%, amount HKD 1.44 billion

AASTOCKS·
SZ
002594
+0.37%
HK
02800
+0.22%
HK
03690
-1.74%
AASTOCKS·
SZ
002594
+0.37%
HK
02800
+0.22%
HK
03690
-1.74%

According to the "All-Day Express," the Hang Seng Index fell by 611 points; the Hang Seng Tech Index dropped by 191 points, Alibaba fell by over 3%, and BJ ENT WATER reached a new high with active trading

The Hang Seng Index closed at 26,775 points, down 611 points or 2.2%. The Hang Seng Tech Index reported 5,526 points, down 191 points or 3.4%. The total market turnover was HKD 347.886 billion. Alibaba fell 3.5%, closing at HKD 163.3. Other heavyweight stocks such as Ping An, Meituan, and Tencent also experienced varying degrees of decline. Individual stocks like BYD and XPeng saw larger drops, falling 6.9% and 6.8% respectively

AASTOCKS·
SZ
002594
+0.37%
US
TCTZF
-1.97%
US
TCEHY
-3.33%
AASTOCKS·
SZ
002594
+0.37%
US
TCTZF
-1.97%
US
TCEHY
-3.33%
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