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

Global Equities Roundup: Market Talk

WSJ16:29

Wang Yajun of Goldman Sachs: Hong Kong’s full-year IPO fundraising is on track to reach USD 60 billion, setting a new historical high.

Wang Yajun stated that the current rally in Hong Kong-listed AI stocks is driven by structural, long-term bullish trends stemming from AI industry transformation, rather than by the economic cycle.

Zhitong Finance15:20

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

Express News | Caixin News Midday Digest – July 10

Breakings12:02

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