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%;

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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

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.

Zhitong FinanceJul 16 17:50

Margin traders flee! Equity ETFs see $200 billion in massive buying.

You cut your losses; I buy the dip.

Gelonghui FinanceJul 16 17:34

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

AASTOCKSJul 16 16:44