Hong Kong stocks intraday | The three major indices opened higher, with the technology and AI sectors active. Baidu rose 1.52%, YOFC surged 11.4%, and chip stocks performed strongly

The three major indices of the Hong Kong stock market maintained narrow fluctuations during the trading session, with the Hang Seng Index slightly rising. The technology sector rebounded but did not reach new highs. There was a clear divergence in the retail, internet, and hardware sectors, with market hotspots rapidly switching. Stocks such as YOFC and Huiju Technology surged. On the macro level, retail sales data supported investment sentiment, with mainstream funds concentrated in core blue chips and high-elasticity strong stocks

The Hang Seng Index opened up 0.41%, and the Hang Seng Tech Index rose 0.61%. Horizon Robotics increased by 2.5%, while SenseTime, SMIC, Meituan, XPeng, and others rose over 1%

Morning Trend | ASMPT Short-term Volume Suppression, Can the Semiconductor Sector Stop the Decline?

On December 19th, ASMPT (522.HK) experienced a significant cooling in trading throughout the day, with continued pressure in the morning session and a focus on the active exit of main funds from the market. This week, the semiconductor sector has fallen into a vacuum of news, lacking rumors of orders and policy catalysts, shifting attention to export policies and the global supply chain rebalancing. Funds have generally shifted towards a defensive style, with a mix of sell-offs and wait-and-see positions within the sector, leading to a downward trend in ASMPT, and the overall trading volume shrinking highlights the hesitation of main funds. During the session, the flow of funds within the sector was extremely sparse, with no significant movements from main funds observed. On the technical side, a short-term bearish structure is quite evident, with pressure below the 5-day and 10-day moving averages, and some funds are concerned about renewed selling pressure at high levels. The entire market is closely watching the movements of the U.S. tech sector to see if it can drive a short-term strengthening of the domestic semiconductor sector. In terms of external disturbances, Japanese and South Korean semiconductor giants have released annual outlooks and supply chain adjustment plans, but there has been no direct uplifting effect on the return of funds to the Hong Kong stock market's semiconductor sector. Overall, if there is a sudden surge in volume during the session, caution should be exercised against a "false breakout" scenario. It is recommended to pay attention to innovative measures or unexpected positive news from the policy side and to watch for real signals of fund inflow, as short-term risks remain tilted upwards

Top 10 HK Stock Gainers (12.18)

CLOUDBREAK-B(02592) rose 10.95%, with a trading turnover 16.5 Million HKD, and a year-to-date fell 40.8%. CHINA EAST AIR(00670) rose 8.08%, with a trading turnover 272.9 Million HKD, and a year-to-date rose 106.6%. MICROPORT(00853) rose 7.5%, with a trading turnover 345.5 Million HKD, and a year-to-date rose 70.6%.

Smart-Core Holdings Ltd. Announces Revised Allocation of IPO Proceeds to Support Staff Expansion, Marketing, E-Commerce Platform Enhancement, R&D, and Potential Industry Acquisitions

Smart-Core Holdings Ltd. announced a revised allocation of IPO proceeds to focus on staff expansion, marketing, e-commerce platform enhancement, R&D, and potential acquisitions in the e-commerce or electronics industry. These changes aim to support business strategies and optimize financial resource deployment.