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Hong Kong Market Close (07.14) | Hang Seng Index Gains 0.52%; Computing Power Hardware and Nonferrous Metal Stocks Rebound Strongly, with Aluminum Corporation of China (02600) Leading Blue Chips Higher
Stocks opened lower but rose throughout the day, with all three major indices turning positive in the afternoon session.
S&P Global Market Intelligence releases the latest list of the top 10 Hong Kong-listed stocks by short interest ratio.
S&P Global Market Intelligence released short interest data for Hong Kong-listed stocks as of last Friday (July 10). The ‘short interest ratio’ is defined as the percentage of shares on loan relative to total issued shares. The current average short interest ratio for the Hang Seng Index constituents stands at 1.36%. The table below lists the top ten Hong Kong-listed stocks with the highest short interest ratios, as compiled by S&P Global Market Intelligence: Stock Name │ Shares on Loan (Million) │ 7-Day Change (%) │ Short Interest Ratio (%) │ 7-Day Price Change (%) Montage Technology (06809.HK)
Alibaba Health Information Technology Stock Sheds 3.5% in Hong Kong
Goldman Sachs: Chinese equities show 'rotation signals,' with A-share hard-tech stocks still favored and H-share internet firms seeing earnings recovery.
Goldman Sachs’ latest China strategy maintains its tactical preference for A-shares over H-shares and hard tech over soft tech, but has started paying attention to the recovery potential of large-cap H-share internet stocks following their valuation adjustments. The key to sustained H-share rebounds lies not in valuations but in earnings: losses from internet subsidies and AI-related capital expenditures continue to weigh on profits. China’s AI sector as a whole is not viewed as a bubble, though signs of localized overheating have emerged in semiconductors and certain A-share hard tech segments.
Alibaba Health Information Technology Stock Climbs 2.1% in Hong Kong
Tech and internet stocks continued their recent rebound, as Hong Kong-listed internet giants aggressively implemented AI initiatives, with the Hang Seng Tech Index trading near its lowest valuation in the past decade.
July 10 — Hong Kong-listed tech stocks continued their recent rebound. As of the time of writing, Xiaomi rose nearly 3%, JD.com gained over 3%, Alibaba Group Holding Limited increased by nearly 3%, Kuaishou Technology rose more than 2%, and Baidu, Inc. climbed nearly 2%.