HK Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up over 2%; tech internet stocks advanced, with Meituan surging more than 5%, Baidu rising nearly 5%, and Xiaomi gaining close to 4%; mainland property stocks climbed, with S

Most internet and technology stocks rose, with Meituan-W up 5.28% and Baidu Group-W up 4.81%. Property developer stocks also gained, as Sunac China surged 14.29% and Longfor Group rose 8.40%. Mobile gaming stocks advanced, with Boyaa Interactive up 10.80% and NetDragon up 5.43%.

Futu NewsSep 4 16:23

Express News | Baltic Dry Index hits five-year high

The Baltic Dry Index continued its upward trend on Thursday, reaching a near five-year high, buoyed by strong freight rates across all vessel segments. The Baltic Dry Index rose 157 points, or 4.7%, to close at 3,488 points, marking its highest level since October 2021. The Capesize index surged 400 points, or 7.1%, to 6,042 points, touching its highest level since late 2023; average daily earnings increased by $3,632 to $51,298. The Panamax index gained 28 points, or 1.2%, to 2,457 points, reaching its highest level since May 2026; average daily earnings rose by $248 to $22,113. The Supramax index edged up 11 points, or 0.6%, to 1,668 points.

BreakingsSep 3 21:14

HK Market Quick Look | All three major indices fell, with the Hang Seng Tech Index dropping over 1%; internet stocks declined, with Kuaishou falling nearly 3% and Alibaba down more than 2%; gold and shipping stocks rose, with Zijin Mining International up

Internet and technology stocks declined, with Kuaishou-W down 2.62% and Xiaomi Group-W down 2.21%; non-ferrous metal stocks rose broadly, with Zijin Gold International up 7.09% and Lingbao Gold up 5.75%; shipping and port stocks advanced, with Top Spring International Shipping up 6.74% and COSCO Shipping Energy up 6.49%;

Futu NewsSep 3 16:18

Three listed banks reported a quarter-on-quarter contraction in total assets in their interim reports this year, with the largest decline nearing RMB 200 billion. Has the era of balance sheet expansion in the banking sector come to an end?

1. Bank of Beijing held an earnings briefing yesterday, drawing external attention to the nearly RMB 200 billion decline in its total assets from the beginning of the year to the end of the second quarter. 2. This year, in addition to Bank of Beijing, Minsheng Bank and Tianjin Bank have also seen a notable quarter-on-quarter decrease in assets compared to the start of the year. 3. The reasons for the balance sheet contraction at these three banks vary. Industry experts suggest that, given the objective environment, the era of large-scale balance sheet expansion for banks may be gradually coming to an end.

cls.cnSep 3 09:58

Express News | Baltic Dry Index rises to highest level since end of 2023

The Baltic Dry Index rose to its highest level since the end of 2023 on Wednesday, buoyed by strong freight rates across all vessel segments. The index gained 174 points, or 5.5%, to close at 3,331 points, marking its highest level since December 2023. The Capesize index surged 421 points, or 8.1%, to 5,642 points, also reaching its highest level since December 2023; average daily earnings increased by $3,819 to $47,666. The Panamax index rose 69 points, or 2.9%, to 2,429 points, touching a three-month high; average daily earnings climbed $628 to $21,865. The Supramax index edged up 7 points, or 0.4%, to 1,657 points.

BreakingsSep 2 20:46

HK Market Quick Look | Losses on the three major indices narrowed, with the Hang Seng Index closing slightly lower. Tech and internet stocks showed mixed performance: Meituan rose nearly 3%, Xiaomi gained almost 2%, while Kuaishou dropped nearly 3%. Yangt

Technology and internet stocks declined, with Kuaishou-W down 2.89% and Meituan-W up 2.74%; automotive stocks weakened, with BYD Company falling 3.40% and Nio-SW dropping 3.35%; most securities and brokerage stocks fell, with CICC down 7.12% and China Merchants Securities down 3.64%;

Futu NewsSep 2 16:26