Hong Kong Market Watch: The Hang Seng Index fell nearly 1%, Shimao Group rose more than 10%, and Haitong Securities rose more than 5%.
Shipping stocks performed well, with cosco ship port rising nearly 5% and cosco shipping holdings rising nearly 3%; network technology stocks generally fell, with Meituan, Alibaba, and jd.com falling by about 2%; pharmaceutical stocks collectively declined, with zai lab falling more than 6%, and tigermed and wuxi apptec falling more than 5%.
Hong Kong stock market noon report: the three major indexes fluctuated downward, with the technology index falling nearly 1% and barely holding 3,700 points; mainland real estate stocks rose rapidly, while shimao group surged more than 19%.
In the morning session of the Hong Kong stock market, the three major indexes fell collectively. The Hang Seng Index fluctuated repeatedly at the critical level of 18,000 points, with a 0.67% drop. The Guozi and Hang Seng Technology indexes fell by 0.52% and 0.91% respectively, and the Hang Seng Tech Index narrowly held the 3,700-point level.
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Hong Kong stock market quick glance | The three major indexes rose in the afternoon, with Hang Seng Index and CSI 300 Index both up nearly 1%; large technology stocks were strong, with Meituan up nearly 4%.
Hong Kong's three major stock indexes rebounded in the afternoon, with the Hang Seng Tech Index leading with a final increase of 1.3%, while the Hang Seng Index and the H share index rose by 0.97% and 0.98% respectively. All three showed a "U"-shaped trend and maintained an upward trend throughout the day.
Hong Kong stock market midday review | The three major indexes rose slightly, with the Hang Seng Index returning to 18,000 points; Autos, electrical utilities, and apple supplier stocks strengthened, while BYD Company surged more than 7%.
The three major indexes of Hong Kong stocks opened higher in the morning, rose and then gradually fell back. The Hang Seng Technology Index rose to 1.8% at one point, and closed up 0.62% at noon. The Hang Seng Index and the Hang Seng Technology Index rose 0.54% and 0.49%, respectively, with the Hang Seng Index returning to the 18,000 mark.
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Express News | The southbound funds had a significant net buy of HKD 6.872 billion today.
Hong Kong market update: All three major indexes were sluggish throughout the day, with the technology index falling nearly 2%; the Wuxi PharmaTech series rose significantly, with WuXi Biologics up more than 14% and WuXi AppTec up more than 10%.
The Hang Seng Index, the national index, and the Hang Seng Tech Index all maintained a downtrend throughout the day, with the Hang Seng Index falling by 1.31% and losing the 18,000-point mark, while the National Index and the Hang Seng Tech Index fell by 1.44% and 1.71%, respectively.
Hong Kong stock market noon review | Hong Kong stocks continue to fall, the Hang Seng Index fell 1.45%; Biomedical stocks rose against the market, with Wuxi Bio soaring over 16%.
Hong Kong stocks continue to decline, with market sentiment relatively low. The Hang Seng Index and the H-share Index fell by 1.45% and 1.54%, respectively, while the Hang Seng Tech Index dropped 1.51%.
Futu Morning Post | NASDAQ and S&P hit new highs, Apple violently pulls up more than 7%; CPI and the Federal Reserve will take turns bombing
JPMorgan: Robotaxi is unlikely to generate substantial revenue in the next few years; Stock price rose more than 11%! American version of Huabei, Affirm service, will be embedded in Apple Pay; After-hours trading, Oracle's stock price rose more than 9%, OpenAI chose Oracle cloud computing service to expand Microsoft Azure platform.
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Hong Kong Market Quick Take | Hong Kong stocks narrowed their losses in the afternoon, with the Hang Seng Index falling by about 1%; marine transportation and golden industrial concept were weak throughout the day, with Cosco Shipping Holdings and Cosco S
The three major stock indexes in Hong Kong rose slightly in the afternoon and the decline narrowed. At the close, the Hang Seng Index fell 1.04%, the HSCI fell 0.45%, and the GEM Index fell 0.9%.
Hong Kong stock market noon update | all three major indexes fell sharply, with internal banking, marine transportation, and golden industrial concept stocks falling. COSCO Shipping Holdings fell nearly 13%, and Zhaojin Mining fell nearly 11%.
The three major indexes in Hong Kong all fell collectively. As of noon break, the Hang Seng Index fell 1.67%, and at one point during the day, it fell below the 18,000 point mark. The Technology Index fell 1.24%, and the State-Owned Enterprise Index fell 1.68%.
Futu Morning Express | The June FOMC meeting is coming; Nvidia rose nearly 1% on the first day of stock split.
New York Fed survey: Short-term inflation expectations slightly decreased, consumers are most optimistic about the stock market in three years; Apple WWDC announced AI system, computer and other device system updates across the board, iPhone will integrate with ChatGPT; Tesla fell more than 2%, and its market cap is now less than half of Meta's.
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Sea Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/10/2024 28.5% Loop Capital $92 → $94 Maintains Buy 05/16/2024 18.93% Barclays $85 → $87 Maintains Overw
Tencent Games tops the overseas application chart and starts to "cheat".
The overall gaming market is weak, new and small games may become Tencent's new growth points.
Hong Kong Market Speed Watch | The three major indices all fell, with the technology index falling nearly 2%; network technology and photovoltaic power stocks declined, Bilibili fell more than 4%, and Xinyi Solar fell nearly 6%.
Wind power stocks are rising, Datang Renew is up over 7%, China Longyuan is up over 5%; Apple suppliers are mostly down, Cowell is down nearly 9%, BYD Electronic is down over 5%.
The Nikkei average fell slightly, with a strong pattern of watching the situation before employment statistics, and consolidation at the 25-day moving average level.
On the 6th, the US stock market was mixed. The Dow Jones Industrial Average closed at 38886.17, up 78.84 points (+0.20%), the Nasdaq closed at 17173.12, down 14.78 points (-0.09%), and the S&P 500 closed at 5352.96, down 1.07 points (-0.02%). As buy expectations for a rate cut were boosted due to weekly initial jobless claims exceeding expectations, the market rose after the opening due to continued buying. However, profit-taking sell orders curbed gains ahead of the employment statistics announcement on the 7th, creating a sense of caution.
Hong Kong stock market noon review | Hong Kong's three major indices fell back, the technology index fell more than 1%; automobile stocks weakened, NIO Inc fell more than 7% after its results.
Wind power stocks rose, with Datang Renew up nearly 7%, China Longyuan up over 5%; golden industrial concept rose, with Lingbao Gold up nearly 5%, Zhaojin Mining up over 2%.