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%;
Top-performing Hong Kong-listed stocks this week | The first pure-play intelligent robotics stock! Luoshi Robotics surged nearly 49% in two days since its listing; Deshi-B rose almost 48%, with iMedLoop establishing a rare industry-wide closed-loop produc
This week, the Hang Seng Index rose 3.53% cumulatively to close at 24,175.12 points; the Hang Seng Tech Index gained 4.95% over the same period, closing at 4,721.66 points; and the Hang Seng China Enterprises Index advanced 4.41% cumulatively to settle at 8,039.19 points.
Global Equities Roundup: Market Talk
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.
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%.
Express News | Caixin News Midday Digest – July 10