On-site Coverage of the World Artificial Intelligence Conference: Fund Managers Survey Three Key Areas
The strongest signal emerging from this year’s exhibition is that AI is rapidly moving beyond 'concept demonstrations' and into the physical world—many of the new products showcased are no longer lab prototypes but mature, mass-producible, and deployable solutions.
Fund Flows | Southbound capital sold HK$6 billion worth of Hong Kong-listed stocks and has increased its position in GigaDevice for 11 consecutive days.
Track the latest developments of southbound capital flows.
Hong Kong Market Close: Hang Seng Index Reclaims 25,000; Tech and Energy Stocks Rise Together, While AI Application Concepts Diverge!
On July 20, bolstered by multiple positive catalysts, Hong Kong stocks rebounded from the sharp decline seen the previous Friday, continuing their recent upward momentum. By the close of trading, the Hang Seng Index rose 2.36%, gaining nearly 600 points to reclaim the 25,000 mark. The Hang Seng China Enterprises Index and the Hang Seng Tech Index advanced 3.01% and 2.79%, respectively, with the latter一度 surging as much as 3.6% during the session. In sector performance, large-cap tech and internet stocks rallied across the board, while traditional software stocks showed notable strength. Energy-related sectors, including oil and coal stocks, remained active throughout the day. High-dividend yield stocks generally rose, with mainland banking shares posting significant gains. Meanwhile, most PCB-related stocks declined, and AI application概念股 experienced pronounced divergence.
Meituan Stock Rallies 3.2% in Hong Kong
Hong Kong Market Midday Commentary | All three major indices rose, with the Hang Seng Index up over 2% and the Hang Seng Tech Index climbing nearly 3%; tech and internet stocks surged collectively, Alibaba gained more than 5%, Tencent rose over 3.5%; CSOP
Tech and internet stocks rose broadly, with Alibaba-W up 5.15% and Meituan-W up 3.77%; mobile gaming stocks strengthened, with Boyaa Interactive up 6.15% and Bilibili-W up 4.30%; coal stocks gained, with Yankuang Energy up 9.94% and China Coal Energy up 9.02%;
Hong Kong Market Movement | Tech stocks broadly rise as U.S. discontinues Hong Kong-related national emergency status, improving upside potential for Hang Seng Tech
Tech and internet stocks rose broadly this morning, driving the Hang Seng Tech Index up by more than 3%. As of the time of writing, Alibaba-W (09988) was up 5.24% at HK$118.5.