DS#HSI RC2811U

HSI Futures, HKC Futures, and H shares Index Futures Open Lower than Spot Prices

LJ Group Analyzes Hong Kong Private Housing Construction and Completion

HANG SENG Index Bull and Bear Warrant Ratio and Quantity Updates

Hang Seng Index Futures Night Session Down 0.75%

HSI Night Index Futures Quotation Up 43 Points

Futures Open Higher Than Spot Prices

Hang Seng Index Futures Open 1.52% Higher at 26,787.44

Significant Rise in Singapore Black Index and Overnight Futures

Hong Kong Monetary Authority's Assessment and Outlook of Hong Kong's Economy

Hang Seng Index Night Futures (February) Up 38 Points

HSI Futures Midday Decline Expands to 1%

Hong Kong Futures Open Up 0.05% at 26820 Points

HSI Ends Two-Day Losing Streak, Rises by Nearly 140 Points

HSI Futures Night Session Closed Up 1.04% at 26,778.91

HKMA Injects HKD 4.73 Billion in Liquidity

Hang Seng Index Futures Feb and Mar Contracts Ended Higher

HSI Futures Open Down 0.45% at 26,383.50 Points

Hang Seng Index Futures Open 1.24% Lower in Day Session

Update on HSCEI Bull and Bear Street Position Distribution

HSI Futures Evening Session Closes Down 1.05% at 26703

CHERISH SUN

ADD NEW ENERGY

PUTIAN COMM

NANFANG COMM

KNOWLEDGE ATLAS

MOBI DEV

DAISHOMICROLINE

MODERN LAND

GIGADEVICE

MOMENTUM FIN

MPNGY

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The Hang Seng Index closed at 26,558 points, down 523 points or 1.9%; the Hang Seng Technology Index reported 5,258 points, down 127 points or 2.4%. Major stocks such as Meituan, Ping An, and Tencent all experienced declines, with Meituan down 4.8%, Ping An down 4.2%, and Tencent down 3.4%. Some stocks like WH Group, Hang Lung Properties, Cheung Kong Infrastructure, Sinopharm, and Kwan Hung Laminates reached new highs

AASTOCKS

Meituan

TENCENT

Tencent

Tencent Holdings Limited

PING AN

Hang Seng Index

WH GROUP

MEITUAN

China Southern Hang Seng ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

TRACKER FUND

Hang Seng TECH ETF I

FI CSOP HSI

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

FL2 CSOP HSI

FI2 CSOP HSI

ChinaAMC Hang Seng ETF

The Half-Day Report: The Hang Seng Index fell by 523 points; the Hang Seng Technology Index dropped by 127 points. Meituan fell over 4%, Ping An fell over 4%, Tencent fell over 3%. WH Group, Henderson Land, Cheung Kong Infrastructure, Sinopharm, and Kwan Hung International Holdings reached new highs

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36Kr learned that the Hang Seng Index fell 1.93% during the midday break, and the Hang Seng TECH Index dropped 2.36%; the semiconductor, oil and gas, and information technology equipment sectors led the gains, with GIGADEVICE rising 13.93%, SHANDONG MOLONG increasing 11.65%, and PUTIAN COMM climbing 30.34%; the media and entertainment, software services, and pharmaceuticals and biotechnology sectors saw the largest declines, with Paradigm Intelligence falling 12.39%, ASWELL dropping 10.34%, and MIRXES-B decreasing 23.11%

36Kr

SHANDONG MOLONG

Hang Seng TECH Index

The Hang Seng Index fell 1.93% at midday, and the Hang Seng TECH Index fell 2.36%

Hong Kong is nearing the end of its budget deficit era, with expectations of a small surplus as the economy grows and stamp duty revenue increases. Financial Secretary Paul Chan remains cautiously optimistic amid uncertainties from US tariffs and a potential economic slowdown in mainland China. The city has seen a surge in stock market activity, with significant trading volumes and new listings. However, challenges remain, including a forecasted capital account deficit due to infrastructure investments and calls for tax relief from lawmakers. The government plans to review tax allowances to support the middle class.

Businesstimes News

Hong Kong is near end of budget deficit era but caution prevails

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The Hong Kong Hang Seng Index fell 2% intraday, and the Hang Seng Biotech Index dropped 4%

Wallstreetcn

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According to the latest Hong Kong Interbank Offered Rate (HIBOR) published by the Hong Kong Association of Banks, the one-month Hong Kong dollar interbank rate has fallen to 2.34 cents, reaching a one-month low. The overnight rate is reported at 1.91393 cents, down 2.655 basis points; the one-week rate is reported at 2.28036 cents, down 9.78 basis points; the three-month rate is reported at 2.58887 cents, down 5 basis points; the six-month rate is reported at 2.8 cents, unchanged; and the twelve-month rate is reported at 2.88649 cents, down 0.518 basis points

CSOP HSI ETF

Hang Seng Composite Index

The one-month Hong Kong Interbank Offered Rate (HIBOR) has fallen to 2.34%, hitting a one-month low

Hong Kong is nearing the end of a 20-year budget deficit period, as reported by Bloomberg. Despite this milestone, the city remains cautious about its economic outlook due to global fluctuations and local pressures. The government is implementing strategic financial planning to boost revenue and manage expenditures effectively. While the end of the deficit is a positive development, officials are vigilant about potential economic risks. The focus is on sustaining growth and ensuring fiscal health to bolster confidence among investors and residents.

CoinLive

Hong Kong's Budget Deficit Nears End After Two Decades

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Hong Kong stocks fell sharply, dropping 489 points (1.8%) to 26,604, reversing a previous rally. This decline followed a significant drop on Wall Street due to renewed U.S. trade policy uncertainty after President Trump's new tariffs. The tech sector fell over 2%, and local jobless rates reached a three-year high of 3.9%. Despite this, a rebound in the Shanghai Composite limited losses. Notable decliners included Tencent Music (-4.3%) and Laopu Gold (-3.9%). Investors are awaiting key economic data releases this week.

Trading Economics

LAOPU GOLD

TME-SW

Hong Kong Stocks Drop Sharply

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The Hong Kong Hang Seng Index fell 1% intraday

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The Hang Seng Index opened down 0.62%, at 26,913.68 points; the Hang Seng TECH Index fell 1.02%

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Lijia Ge Real Estate expects the completion of private residential units in 2023 to reach at least 21,000 units, slightly higher than the preliminary forecast by the Rating and Valuation Department. The head of the research department, Chen Haichao, pointed out that the progress of private residential construction is orderly in 2025, with the completion of private residential units last year being 18,450 units, accounting for 88.4% of the forecast by the Rating and Valuation Department. The latest data shows that three private residential projects commenced construction in December last year, with a total of 9,102 units started throughout the year, an increase of nearly 81% compared to 2024

Lijia Ge Real Estate: This year's private residential completion volume is slightly higher than expected, estimated to reach at least 21,000 units

The Hang Seng Index main contract closed down 0.75% in the night session, reporting 26,869 points. The Hang Seng TECH Index main contract closed down 0.93% in the night session, reporting 5,330 points

Asian stock markets saw gains on Monday, led by a 2.5% rise in Hong Kong's Hang Seng Index following a US Supreme Court ruling against parts of the Trump Administration's tariffs, benefiting export-dependent China. The Hang Seng Index closed at 27,081.91, with 83 gainers to 5 losers. Other markets also showed positive movement, with South Korea's KOSPI up 0.7% and Taiwan's TWSE up 0.5%. However, the Australian ASX 200 fell by 0.6%.

fidelity

China Southern Hang Seng ETF Feeder Fund-A

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng China Enterprises Index

Hong Kong Leads Asian Stock Markets Higher in Thin Holiday Trading

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EDIV

NVDU

Emerging-market (EM) stocks rose by 1% and currencies strengthened by 0.2% as investors shifted away from U.S. assets amid tariff uncertainties. The MSCI index tracking EM stocks saw gains, particularly in tech-heavy markets like Hong Kong and South Korea, ahead of Nvidia's earnings report. Analysts remain optimistic about EM equities, with expectations of over 3% monthly gains. South African shares increased by 1% in anticipation of the national budget, while Israel's interest rate decision looms. The cautious market sentiment reflects ongoing economic recovery concerns in various regions.

Reuters

Avantis Emerging Markets Value ETF

SPDR S&P Em Mkt Dvd

Direxion Daily NVDA Bull 2X Shares

iShares Emerging Markets Equity Factor ETF

Wisdomtree EM High Dividend Fund

YieldMax NVDA Option Income Strategy ETF

iShares MSCI Emerging Mkts Val Fac ETF

VG Em Mkts

iShares Core MSCI EM

GraniteShares 2x Long NVDA Daily ETF

Avantis Emerging Markets Equity ETF

iShares MSCI Em

Dimensional Emerging Markets Value ETF

SPDR Em Mkt

iShares MSCI EM Ex-China

Schw Em Mkt

T-Rex 2X Long NVIDIA Daily Target ETF

NVIDIA

EM shares climb, currencies firm as US tariff confusion spurs diversification

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Emerging-market stocks rose 1% and currencies strengthened 0.2% as investors shifted away from U.S. assets amid tariff uncertainties. The MSCI index for EM stocks gained traction following the U.S. Supreme Court's tariff decisions. Notable gains were seen in tech-heavy markets in Asia, particularly in Hong Kong and South Korea, ahead of Nvidia's earnings report. Analysts remain optimistic about EM equities, forecasting monthly gains exceeding 3%. Upcoming interest rate decisions in Israel, Nigeria, and Hungary are also in focus, with expectations of cuts in Israel amid economic recovery.

Fullgoal CSI 800 Banks ETF

Huaan CSI Banks ETF

WP CSI Banks ETF

XI2CSOPNVDA

ChinaAMC CSI Banks ETF

Hwabao WP CSI Banks ETF

XL2CSOPNVDA

EMERGING MARKETS-EM shares climb, currencies firm as US tariff confusion spurs diversification

$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

CSOP A50 ETF-R

CSOP A50 ETF

XI2CSOPHSTECH

XL2CSOPHSTECH

GEELY AUTO

POP MART

BABA-W

Li Auto

TENCENT-R

Tencent HK SDR 10to1

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)

DS#HSI RC2811U(64365.HK)

The Hang Seng Index fell 1.93% at midday, and the Hang Seng TECH Index fell 2.36%

Hong Kong is near end of budget deficit era but caution prevails

The Hong Kong Hang Seng Index fell 2% intraday, and the Hang Seng Biotech Index dropped 4%

The one-month Hong Kong Interbank Offered Rate (HIBOR) has fallen to 2.34%, hitting a one-month low