Market Snapshot | All three major indices declined, with the Hang Seng Tech Index falling 4.37%; multiple semiconductor stocks dropped, Hua Hong Hongli and GigaDevice down over 11%; biotech stocks retreated, Akeso Inc. down over 13% and RemeGen Ltd. down

Tech and internet stocks declined broadly, with Kuaishou-W down 7.76% and Tencent down 4.63%; biotechnology stocks weakened, with Akeso down 13.21% and RemeGen down 10.29%; smartphone supply chain stocks fell across the board, with Hua Hong Hongli down 11.88% and ZTE Corporation down 11.87%.

Futu NewsJul 17 16:20

Michael Burry, famed for his bearish bet against the housing market, turns bullish on Hong Kong equities: With AI hype cooling off, Hong Kong stocks now represent a valuation trough—an ideal opportunity to buy the dip. He has already increased his stake i

A long-short battle, epitomized by Michael Burry, is unfolding in the Hong Kong stock market, with bullish sentiment continuing to gather momentum. Michael Burry, the investor who gained fame for accurately predicting the 2008 U.S. subprime mortgage crisis and whose story inspired the film 'The Big Short,' recently stated publicly that now is an "excellent time" to hunt for undervalued stocks in the Hong Kong market. His bullish thesis is based on the expectation that the global AI chip stock rally will cool down, prompting capital to flow out of South Korea, Japan, and the semiconductor sector in search of valuation discounts. Meanwhile, Wang Yajun, Head of Asian Equity Capital Markets at Goldman Sachs, also noted

wallstreetcnJul 17 15:55

With institutional underweighting, stabilizing fundamentals, and valuations nearing their floor, can Hong Kong equities emerge from a 'triple bottom'?

Shenwan Hongyuan believes that, under the confluence of three factors—continued declines in institutional allocations, stabilization of fundamental expectations at a trough level, and deep valuation corrections in technology growth sectors—the Hong Kong equity market has entered a 'triple-bottom' zone and possesses the foundational conditions for a bottoming-out and subsequent recovery.

wallstreetcnJul 17 15:46

Leverage Collapse and Bubble Fears Erupt! Global AI Hardware Tech Sector Plunges into Turmoil—Is a Bear Market Here?

The global sell-off in AI technology stocks is intensifying.

Gelonghui FinanceJul 17 13:50

Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2

Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;

Futu NewsJul 17 12:12

Express News | **** Announces Major Chinese Initiative to Support Global Artificial Intelligence Development

BreakingsJul 17 12:07