SG#ALIBARC2609C(69250.HK)

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Hong Kong Stock Market Intraday | Hang Seng Index fluctuates at a high level, technology under pressure, semiconductor leaders show unusual movements, HUA HONG SEMI rises 5.03%, DRINDA rises 15.66%

The three major indices of the Hong Kong stock market showed mixed trends during the trading session, with the Hang Seng Index slightly rising while the Hang Seng Tech Index faced pressure and fell back. The internet sector experienced a significant decline, with tech giants such as TENCENT and KUAISHOU showing notable drops. The semiconductor sector led the gains strongly, with HUA HONG SEMI and DRINDA among the top performers. The market was influenced by rumors regarding tax policies, with funds focusing on structural hotspots and maintaining a cautious sentiment. The retail sector showed divergence, with MNSO strengthening against the trend. Overall, investors continued to adopt a high-level oscillation strategy, with prominent short-term sector rotations and funds flowing into semiconductors and some popular stocks

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

China ADRs: Rationale behind Tax Hike Scare?

China internet ADRs sold off again on fresh tax-rumor jitters. With headlines of varying credibility, Dolphin Research takes a top-down look.We start with the Gov.'s four ledgers. They are: 1) the general public budget, i.e., core fiscal revenue; 2) the government fund budget, an earmarked book funded mainly by land-sale proceeds; 3) the state capital operations budget, effectively the shareholder ledger funded by SOE profit and dividend remittances. In essence, this reflects the Gov.'s resource-allocation power...

HK
00700
-2.92%
HK
80700
-2.92%
SG
HTCD
-2.67%
HK
00700
-2.92%
HK
80700
-2.92%
SG
HTCD
-2.67%

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%

The Half-Day Report shows that the Hang Seng Index closed at 26,830 points, up 54 points; the Hang Seng TECH Index closed at 5,453 points, down 72 points. Tencent fell over 3%, while MTR CORPORATION, POWER ASSETS, China International Marine Containers, Zoomlion, and FIH reached new highs

The Hang Seng Index closed at 26,830 points for the half-day, up 54 points or 0.2%; the Hang Seng TECH Index reported 5,453 points, down 72 points or 1.3%. Tencent fell over 3%, with Alibaba, Meituan, and others also experiencing declines. MTR CORPORATION, POWER ASSETS, China International Marine Containers, Zoomlion Heavy Industry Science and Technology, and FIH reached new highs

AASTOCKS·
SH
513770
-0.56%
HK
STECH
-1.10%
HK
00700
-2.92%
AASTOCKS·
SH
513770
-0.56%
HK
STECH
-1.10%
HK
00700
-2.92%

Bloomberg: Market worries that Chinese tech stocks may face increased value-added tax, Hang Seng TECH Index falls to the brink of a bear market

The Hang Seng TECH Index fell to the brink of a bear market due to market concerns that the Chinese government may raise the value-added tax, dropping 343 points to 26,431 points at one point today. Technology stocks such as Tencent, Alibaba, and Kuaishou were sold off, with declines of 6.3%, nearly 5%, and 7.7%, respectively. Analysts pointed out that investors may turn to other stocks, and concerns over changes in tax policy have intensified. It is expected that with the upcoming earnings announcements from Chinese technology companies and policy meetings, there may be a rebound in technology stocks

AASTOCKS·
HK
03088
-0.93%
HK
09988
-1.41%
US
TCTZF
-5.56%
AASTOCKS·
HK
03088
-0.93%
HK
09988
-1.41%
US
TCTZF
-5.56%
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Wow! 😍

Just noticed there are 13 new stock zones in our community!

Alibaba’s chip unit has delivered over 100,000 of its most advanced AI chip, Zhenwu 810E, more than chip darling Cambricon Technologies, China-state controlled media report. Beijing requires companies......

$BABA-W(09988.HK)- My current investment return at 52.6% return. It is trading at a P/E ratio around 23, it is notably cheaper than competitors like Amazon (P/E ~34) and Sea Limited (P/E ~52).

I am no...

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$Alibaba(BABA.US) The development is going so well. How high do you think it will go this time?

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