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%;

Futu News12:12

World's third most powerful, with 'fable-level immersion'! Kimi K3 with 2.8 trillion parameters sets a new open-source record

In evaluations, Kimi K3's overall intelligence level is close to that of the world's leading closed-source models. According to GDPval-AA v2 data on knowledge work benchmarks, Kimi K3 scored higher than Claude Opus 4.8 Max, ranking just behind Claude Fable 5 Max and GPT-5.6 Sol Max. Prior to the model's official release under an open-weights license, reports indicated that Moonshot AI internally regarded it as a key product targeting Anthropic's latest flagship model, Claude Opus 4.8.

wallstreetcn06:40

Hong Kong Market Compass | Tech stocks drive continued rebound; institutions see opportunities in AI-themed equities following adjustments

① With internet stocks driving a sustained rebound, how do institutional investors view the shift in market style? ② Institutions remain optimistic about opportunities in the AI theme following its recent correction—what signals should investors watch for?

cls.cnJul 16 20:31

These Chinese Tech Stocks Are on the Rise. Thank Apple and Its AI. -- Barrons.com

Barron'sJul 16 20:13

Zhitoong Hong Kong Connect Active Trading | July 16

Stock Connect Active Trading | July 16, 2026

Zhitong FinanceJul 16 19:00

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.

Gelonghui FinanceJul 16 18:51