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 Stock Market Movement | Chip stocks lead gains as Taiwan Semiconductor reports record profits for the fifth consecutive quarter, with significant capital expenditure increases planned over the next three years
Chip stocks led the gains. As of the time of writing, JHICC (02249.HK) rose 4.39% to HK$30.46; Hua Hong Hongli (01347.HK) gained 3.97% to HK$144.30; Shanghai Fudan (01385.HK) climbed 3.16% to HK$26.08; and SMIC (00981.HK) advanced 2.88% to HK$69.55.
Top-performing Hong Kong stocks this week | Zhenjiankang Healthcare-B, a recent IPO, surged 74% in a single week, supported by the 15th Five-Year Plan’s backing of the high-end medical devices sector; Zhuoyue Ruixin rose 40%, driven by the accelerating im
This week, the Hang Seng Index rose by 1.6% cumulatively, closing at 24,562.24 points; the Hang Seng Tech Index declined by 2.09% over the same period, closing at 4,623.17 points; and the Hang Seng China Enterprises Index gained 1.21% cumulatively, closing at 8,136.73 points.
Fund Flows | Southbound capital recorded a net outflow of HK$1.457 billion from Hong Kong-listed stocks, reducing positions in Alibaba, Meituan, and Huahong Hongli.
Track the latest developments of southbound capital flows.
Zhito Hong Kong Stock Connect Active Trading | July 17
Stock Connect Active Trading | July 17, 2026
Southbound Capital Tracker | Net Purchases Reach Approximately HK$37 Billion This Week, Adding to Alibaba and NetEase While Selling KB Laminate
① Southbound capital recorded a net inflow of approximately HK$37 billion this week—into which stocks did investors increase their positions? ② Zhipu has seen cumulative capital inflows of about HK$19 billion over the past seven days—how has its share price performed in the short term?
Alibaba saw a net outflow of HK$2.451 billion via Stock Connect.
Southbound capital recorded a net inflow of HK$322 million into Xiaomi Group (01810.HK). Net outflows from Alibaba (09988.HK), Meituan (03690.HK), and Huahong Hongli (01347.HK) amounted to HK$24.51 billion, HK$20.36 billion, and HK$19.39 billion, respectively. Under the Shanghai-Hong Kong Stock Connect, the most actively traded stock with the highest net inflow was Zhipu AI (02513.HK) at HK$11.3 billion, while Meituan (03690.HK) saw the largest net outflow of HK$9.66 billion. Under the Shenzhen-Hong Kong Stock Connect, the most actively traded stock with the highest net inflow was Tracker Fund of Hong Kong.
Southbound Capital Flow | Southbound capital recorded a net sell-off of HK$1.457 billion; Hong Kong equity ETFs saw renewed inflows, while both AI hardware and software stocks were sold off
On July 17, southbound capital recorded a net selling of HK$1.457 billion in the Hong Kong stock market. Specifically, Shanghai-Hong Kong Stock Connect saw net buying of HK$1.91 billion, while Shenzhen-Hong Kong Stock Connect recorded net selling of HK$3.367 billion.
Express News | Southbound funds recorded a net selling of RMB 1.457 billion today. Via Shanghai-Hong Kong Stock Connect, Meituan-W and Alibaba-W registered net sellings of HKD 966 million and HKD 962 million, respectively; Zhipu AI topped net purchases with HKD 11.3 bil
U.S. semiconductor stocks are just a step away from a bear market.
According to Dow Jones Market Data, the index will be confirmed as entering a technical bear market if it declines further into the range of 20% below its peak.
Express News | Partial recovery in the semiconductor supply chain; Youyan Silicon surged over 10%.
Hong Kong Stock Market Alert | AI Hardware Stocks Plunge Sharply as Trading Congestion in the AI Hardware Sector Eases, Triggering Forced Liquidation of Highly Leveraged and Crowded Positions
AI hardware stocks accelerated their sharp decline. As of the time of writing, Cambridge Technology (06166) fell 12.43% to HK$90.55; Hua Hong Hongli (01347) dropped 9.66% to HK$142.20; GigaDevice (03986) declined 9.17% to HK$545.00; and Yangtze Optical Fibre and Cable (06869) slid 8.11% to HK$134.90.
Hong Kong AI-Linked Stocks Plunge on AI Spending Concerns -- Market Talk
Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2
Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;
Zhitoong Hong Kong Connect Active Trading | July 16
Stock Connect Active Trading | July 16, 2026
Fund Flows | Southbound capital has been accumulating Alibaba for nine consecutive days, while AI hardware stocks faced concentrated selling pressure.
Track the latest developments of southbound capital flows.
Alibaba saw a net inflow of HK$2.833 billion via Stock Connect.
Southbound capital recorded net inflows into Alibaba (09988.HK), Zhipu AI (02513.HK), and Tencent (00700.HK) of HK$2.833 billion, HK$1.79 billion, and HK$1.179 billion, respectively. Net outflows were observed from Xiaomi Group (01810.HK), Kingboard Laminates (01888.HK), and Hua Hong Hongli (01347.HK), amounting to HK$1.372 billion, HK$1.173 billion, and HK$181 million, respectively. The most active stock by net southbound capital inflow via Stock Connect (Shanghai) was Zhipu AI (02513.HK) at HK$1.84 billion, while the highest
Southbound Capital Flows | Southbound capital recorded a net purchase of HK$5.039 billion, continuing to accumulate tech and internet stocks as well as large AI models, while selling AI hardware stocks throughout the day.
On July 16, southbound capital recorded a net purchase of HK$5.039 billion in the Hong Kong stock market, comprising a net purchase of HK$2.001 billion via Shanghai-Hong Kong Stock Connect and HK$3.038 billion via Shenzhen-Hong Kong Stock Connect.
Down 40% from its historical peak! Trading volume in the electronics sector has returned to mid-June levels, with margin traders showing divergent activity within the month.
① Today, the electronics sector recorded a trading volume of RMB 768.7 billion, retreating to levels seen in mid-June and narrowing by nearly 40% from its historical peak. ② Recently, internal capital concentration within the electronics sector has been notably pronounced, with trading volumes increasingly tilting toward semiconductors and components. ③ Since the beginning of this month, the electronics sector has registered a cumulative net financing sale of RMB 52.2 billion, with its margin balance declining by approximately 8.1%.
Hang Seng Index closes up 327 points, reclaiming the 25,000 mark; Xiaomi surges over 6%, while leveraged ETFs tracking Samsung Electronics and SK Hynix drop by approximately 20%.
U.S. producer prices rose at a slower year-over-year pace last month, leading markets to scale back expectations for Federal Reserve rate hikes. The three major U.S. equity indices closed up between 0.3% and 0.6%, with large-cap technology stocks performing well, although most semiconductor stocks declined. The Hang Seng Index opened 143 points higher, extended its gains during the session, and at one point surged by 540 points to an intraday high of 25,221. It closed the day at 25,008, up 327 points or 1.33%, with total market turnover reaching HK$322.892 billion. The Hang Seng Tech Index closed at 4,834, up 93 points or 1.98%. The Hang Seng China Enterprises Index ended at 8,318, rising 133 points or 1.63%. Leading technology stocks led the rally, with Xiaomi-W (0