---
title: "Understanding the Market | Tech stocks continue to be strong, with SenseTime-W leading the Hengqiang Index components with an increase of over 30%"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/202657008.md"
description: "Kewang Stock strengthened again today, with SenseTime-W releasing a new model, leading to an increase of over 30%. The China Securities Regulatory Commission's 5 Hong Kong-friendly policies boost confidence in the Hong Kong stock market, and Hong Kong-listed companies continue to increase their share buyback efforts. Leading internet companies are increasing their investment in the AI field, which is expected to improve profit expectations"
datetime: "2024-04-24T03:03:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/202657008.md)
  - [en](https://longbridge.com/en/news/202657008.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/202657008.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/202657008.md) | [繁體中文](https://longbridge.com/zh-HK/news/202657008.md)


# Understanding the Market | Tech stocks continue to be strong, with SenseTime-W leading the Hengqiang Index components with an increase of over 30%

According to the Wise Finance APP, KeNet stocks strengthened again today, with Hengke up nearly 3%. SenseTime-W (00020) recently released the DayDayUp 5.0 large model, with an increase of over 30%, leading the Hengke Index components. As of the time of publication, SenseTime-W (00020) rose by 31.15% to HKD 0.8; Bilibili-W (09626) rose by 7.08% to HKD 96.75; Kuaishou-W (01024) rose by 5.7% to HKD 51.9; Alibaba-SW (09988) rose by 3.51% to HKD 72.25.

On the news front, the China Securities Regulatory Commission's 5 Hong Kong-friendly policies continue to boost confidence in the Hong Kong stock market, with dual-counter Hong Kong stocks performing particularly well. CICC International pointed out that the CSRC's 5 policies are a long-term positive for the valuation and investment sentiment of Hong Kong stocks. Among them, the inclusion of RMB stock trading counters in the Hong Kong Stock Connect allows investors to buy and sell Hong Kong stocks through the Stock Connect in RMB, enhancing the investment function of RMB overseas and increasing the proportion of RMB in Hong Kong stocks, undoubtedly injecting new strength into Hong Kong stocks.

Furthermore, since 2024, Hong Kong-listed companies have continued to increase their buybacks. Tencent has repurchased over HKD 20 billion during this period, ranking first in Hong Kong stock buybacks. Meituan, Kuaishou, and others have also shown significant buyback efforts. Guotai Junan believes that considering the current policy support in certain areas and the buybacks by companies like Tencent and Alibaba, the undervaluation of internet stocks and the overly pessimistic risk premium are expected to see significant corrections. In addition, leading internet companies continue to increase their investment in the AI field and make effective progress, with profit expectations expected to improve

### 相关股票

- [SENSETIME-W (00020.HK)](https://longbridge.com/zh-CN/quote/00020.HK.md)
- [Hang Seng Index (00HSI.HK)](https://longbridge.com/zh-CN/quote/00HSI.HK.md)
- [SENSETIME-WR (80020.HK)](https://longbridge.com/zh-CN/quote/80020.HK.md)
- [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/zh-CN/quote/STECH.HK.md)
- [XIAOMI-W (01810.HK)](https://longbridge.com/zh-CN/quote/01810.HK.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [TENCENT (00700.HK)](https://longbridge.com/zh-CN/quote/00700.HK.md)
- [MEITUAN (03690.HK)](https://longbridge.com/zh-CN/quote/03690.HK.md)

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