Futu Morning Brief | Two hawkish Fed officials warned of inflation and supported moderate rate hikes; the World Artificial Intelligence Conference opened in Shanghai, where Moonshot AI launched Kimi K3; Trump delivered a nationwide address at 9 a.m. today

SpaceX canceled a major test flight of its Starship rocket, causing its stock to plunge more than 4% in after-hours trading; rumors of a delay in the release of Google's Gemini model sparked concerns, sending its shares down over 4%.

Futu News08:23

Kwok Si Chi: The market’s rebound within the month has already been considerable.

Vincent Kwok, Vice Chairman of the Hong Kong Society of Analysts, stated that the market rose again yesterday (the 16th), with the Hang Seng Index surging decisively above both the 50-day moving average and the 25,000-point mark. The index opened 143 points higher at 24,825 in early trading. As selling pressure remained subdued and stabilizing buying interest gradually emerged, the market advanced sharply by another 540 points to 25,221 before encountering some resistance. At this point, the Hang Seng Index has not only reclaimed the 50-day moving average (around 24,793) but also approached the 100-day moving average (approximately 25,305). In terms of technical structure, the pattern of progressively seeking a near-term peak is now clearly evident. Additionally, this month’s major

AASTOCKS19minutes ago

Disrupting Wall Street! From the market's periphery to its pricing core, these 'whales' are rewriting the rules of the U.S. equity game.

Market data indicate that retail investors' influence is growing by the day and has now become significant enough to profoundly alter the trajectory of the U.S. equity market. He described this group as now serving simultaneously as price setters, narrative creators, and drivers of capital flows.

Zhitong FinanceJul 16 21:15

Lifting of restrictions materialized as anticipated; exercise patience in positioning for Hong Kong equities.

Against the backdrop of a still favorable medium- to long-term outlook for AI, risk-off sentiment has emerged due to short-term macro liquidity conditions (the Federal Reserve’s hawkish stance) and micro liquidity pressures (deleveraging in the Korean equity market, share lock-up expirations in Hong Kong, etc.). However, this is unlikely to end the AI bull market; instead, it creates an opportunity for the AI rally to broaden into a wider segment of the industrial chain.

Zhang Yidong Strategy WorldJul 16 20:48

Hong Kong Market Snapshot | All three major indices closed higher, with the Hang Seng Tech Index rising nearly 2%; tech and new consumption stocks gained strongly, with Xiaomi Group and Pop Mart up over 6%, and Kuaishou climbing nearly 5%; memory-related

Technology and internet stocks rose broadly, with Xiaomi Group-W up 6.34% and Kuaishou-W up 4.97%; automobile stocks also gained across the board, as XPeng Inc.-W rose 7.61% and Geely Auto increased by 5.38%; internet healthcare stocks performed strongly, with EasyHealth up 7.21% and Ping An Good Doctor rising 4.56%;

Futu NewsJul 16 16:21

Four historical patterns in the Hong Kong stock market have lost their validity; institutions recommend closely monitoring the favorable policy convergence window from July to September.

What are the underlying reasons for the revaluation of Hong Kong-listed technology stocks—from high-growth 'tech stocks' to stable 'domestic consumption stocks'?

cls.cnJul 16 13:54