Market Snapshot | The three major indices moved in mixed directions, with the Hang Seng Index rising 0.6% and the Hang Seng Tech Index falling 0.21%. Technology and internet stocks generally advanced, with Xiaomi up over 3% and Alibaba gaining more than 2

Tech and internet stocks rose broadly, with Xiaomi Group-W up 3.36% and NetEase down 2.73%; most lithium battery stocks declined, with CATL falling 7.92% and Tianqi Lithium down 4.20%; biotechnology stocks advanced across the board, with Pregene Biopharma-B surging 28.93% and Kelun-Biotech rising 8.74%;

Futu News16:24

Hong Kong Market Midday Review | The three major Hong Kong stock indices continued to rise, with the Hang Seng Tech Index up 2.69%. Technology and internet stocks extended their gains, with Xiaomi rising nearly 5% and Alibaba climbing close to 4%. Biotech

Multiple tech and internet stocks rose, with Xiaomi Group-W up 4.64% and Kuaishou-W up 3.66%. Pharmaceutical stocks advanced across the board, led by Pharmaron rising 13.85% and 3SBio up 9.18%. Shares in the smartphone supply chain also gained, with ZTE Corporation up 9.96% and Hua Hong Hongli up 7.14%.

Futu News12:13

Futu Morning Brief | U.S. Commerce Secretary urges SK Hynix and Samsung to expand U.S. memory chip capacity; Zuckerberg denies Meta has excess computing power, citing commercial potential in cloud business; GigaDevice and Han's CNC issue profit warnings;

Tensions between the U.S. and Iran escalated, prompting Trump to switch Air Force One mid-trip during his travel to and from the NATO summit, after Israel informed the U.S. of 'a new Iranian plot to assassinate Trump'; Trump resumed strikes against Iran, raising concerns among Republicans about negative impacts on the midterm elections.

Futu News08:10

Market Snapshot | Hang Seng Index down 0.7%, Hang Seng Tech Index nearly flat; semiconductor stocks rose, with SMIC up over 10%; memory-related stocks performed strongly, with GigaDevice surging nearly 22% and CSOP Leveraged 2x SK Hynix ETF gaining over 1

Tech and internet stocks declined, with Kuaishou-W down 4.27% and Meituan-W down 2.97%; smartphone supply chain stocks rose, with SMIC up 10.22% and Huahong Hongli up 8.44%; most auto stocks fell, with New Jiaolong RV down 9.72% and Geely Auto down 4.53%;

Futu NewsJul 9 16:24

Goldman Sachs calls for bullish positions on China's AI: global funds have allocated only 1.2% to a sector with a $4 trillion market capitalization

Goldman Sachs recommends going long on China's AI value chain, betting on the misalignment between revenue contribution and global positioning.

BlockBeatsJul 9 15:37

Hong Kong Market Midday Review | All three major indices rose sharply before retreating; the Hang Seng Tech Index fell 0.06%. Semiconductor and artificial intelligence-related stocks gained strength, with Zhipu AI and Tianshu ZhiXin rising over 7% despite

Tech and internet stocks declined across the board, with Kuaishou-W down 3.32% and Meituan-W down 2.47%; gold mining stocks weakened, with Lingbao Gold down 8.08% and Zijin Gold International down 7.09%; non-ferrous metal stocks broadly fell, with Lingbao Gold down 8.08% and Zijin Gold International down 7.09%;

Futu NewsJul 9 12:14