Market Snapshot | All three major indices declined, with the Hang Seng Tech Index down 1.46%; semiconductor stocks rose, with Montage Technology up 5.74%; tech and internet stocks fell, with Alibaba-W down 5.37%

Tech and internet stocks declined, with Alibaba Group Holding Ltd. down 5.37% and Baidu Inc. down 3.08%; casino and gaming stocks weakened, with Belle Palace down 3.25% and Wynn Macau down 2.70%; most automotive stocks fell, with XPeng Inc. down 5.63%, while Nio Inc. rose 3.06%;

Futu NewsJun 11 16:15

Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down 2.01%. Most tech and internet stocks fell, as Alibaba dropped nearly 5% and JD.com slid over 3%. Some oil and gas equipment stocks rose against the trend

Tech and internet stocks declined across the board, with Alibaba Group Holding Ltd. down 4.93% and Baidu Inc. down 3.77%. Gold mining stocks fell, with Tongguan Gold down 4.41% and Zijin Mining International down 4.02%. Semiconductor stocks also dropped, with Tianshu Zhixin down 9.48% and Innoscience down 5.45%.

Futu NewsJun 11 12:10

What implications does the massive wave of AI investment hold for positioning in the Hong Kong stock market?

Massive capital expenditures are cascading down the industrial chain, reshaping the investment landscape of Hong Kong’s tech ecosystem. In this boom, the Hong Kong stock market has attracted a large number of new economy and new technology companies, as well as A-share market leaders listing in Hong Kong—collectively forming core assets of the AI industrial chain.

Finet NewsJun 11 11:39

Kwok Sze-chi: The broader market has declined for six consecutive sessions and is now formally testing the 24,203 level.

Patrick Kwok, Vice Chairman of the Hong Kong Society of Analysts, noted that the broader market continued its downward trend from the previous week and came under further pressure yesterday (the 10th), marking a technical six-day losing streak. The Hang Seng Index opened down 123 points at 24,442 in early trading and briefly rebounded to 24,505. However, as buying interest failed to sustain and sporadic selling pressure kept emerging, the market began to drift lower again. The Hang Seng Index even plunged sharply by 358 points to 24,207 before stabilizing somewhat and staging a minor technical rebound. Nevertheless, given that the index has officially breached its March 23 low of 24,203, most investors have adopted a wait-and-see stance amid lackluster buying support.

AASTOCKSJun 11 09:33

Futu Morning Report | Iran closes Strait of Hormuz; U.S. military confirms strikes on Iran; WTI crude rises over 2.5%; Oracle drops more than 10% post-earnings as capital expenditure exceeds expectations; SK Hynix reportedly plans to list in the U.S. as e

Iran denied Trump's claim of having had a direct phone call with Iranian officials; Trump stated he spoke directly with Iran, which requested an end to the bombing.

Futu NewsJun 11 08:13

Hang Seng Index Bull/Bear Ratio (57:43) | June 11

As of June 11, the latest bull-to-bear warrant ratio for the Hang Seng Index stood at 57:43.

Zhitong FinanceJun 11 06:17