CIHSTEC@EC2610A.C (28046) News

Is the fastest and steepest sell-off in tech stocks in history coming to an end? Goldman Sachs reflects on the market's 'brutal rotation.'

He stated that the unwinding process of the momentum factor is 'nearing completion,' but there is currently a lack of catalysts for an immediate reversal in the near term.

wallstreetcn10:01

Michael Burry, famed for his bearish bet against the housing market, turns bullish on Hong Kong equities: With AI hype cooling off, Hong Kong stocks now represent a valuation trough—an ideal opportunity to buy the dip. He has already increased his stake i

A long-short battle, epitomized by Michael Burry, is unfolding in the Hong Kong stock market, with bullish sentiment continuing to gather momentum. Michael Burry, the investor who gained fame for accurately predicting the 2008 U.S. subprime mortgage crisis and whose story inspired the film 'The Big Short,' recently stated publicly that now is an "excellent time" to hunt for undervalued stocks in the Hong Kong market. His bullish thesis is based on the expectation that the global AI chip stock rally will cool down, prompting capital to flow out of South Korea, Japan, and the semiconductor sector in search of valuation discounts. Meanwhile, Wang Yajun, Head of Asian Equity Capital Markets at Goldman Sachs, also noted

wallstreetcnJul 17 15:55

Weekend Reading | How to Become a Smart Investor? Insights from 'The Person Who Understands Graham Best' on the Advantages and Discipline That Enable Individual Investors to Outperform 'Smart Money'

Zweig also reminded individual investors that their true edge does not lie in information or speed, but rather in not having to participate in the competition where professional investors are judged quarterly or even daily. “What you should truly care about is not whether you outperformed the index at any given point in time, but whether you are steadily progressing toward your long-term financial goals.”

Smart Investor15minutes ago

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.

Futu NewsJul 18 11:31

Market Snapshot | All three major indices declined, with the Hang Seng Tech Index falling 4.37%; multiple semiconductor stocks dropped, Hua Hong Hongli and GigaDevice down over 11%; biotech stocks retreated, Akeso Inc. down over 13% and RemeGen Ltd. down

Tech and internet stocks declined broadly, with Kuaishou-W down 7.76% and Tencent down 4.63%; biotechnology stocks weakened, with Akeso down 13.21% and RemeGen down 10.29%; smartphone supply chain stocks fell across the board, with Hua Hong Hongli down 11.88% and ZTE Corporation down 11.87%.

Futu NewsJul 17 16:20

With institutional underweighting, stabilizing fundamentals, and valuations nearing their floor, can Hong Kong equities emerge from a 'triple bottom'?

Shenwan Hongyuan believes that, under the confluence of three factors—continued declines in institutional allocations, stabilization of fundamental expectations at a trough level, and deep valuation corrections in technology growth sectors—the Hong Kong equity market has entered a 'triple-bottom' zone and possesses the foundational conditions for a bottoming-out and subsequent recovery.

wallstreetcnJul 17 15:46

Leverage Collapse and Bubble Fears Erupt! Global AI Hardware Tech Sector Plunges into Turmoil—Is a Bear Market Here?

The global sell-off in AI technology stocks is intensifying.

Gelonghui FinanceJul 17 13:50

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 NewsJul 17 12:12

Express News | **** Announces Major Chinese Initiative to Support Global Artificial Intelligence Development

BreakingsJul 17 12:07

Express News | Caixin News Midday Digest – July 17

BreakingsJul 17 12:03

CITIC Securities: Global investor risk appetite has declined temporarily in recent days, leading to significant capital outflows from Japanese and South Korean markets.

Recently, global investor risk appetite has declined on a phased basis, leading to increased fund inflows into fixed-income funds, while Japanese, South Korean, and global emerging market equity funds have experienced significant net outflows, reversing their previous trend of net inflows.

Zhitong FinanceJul 17 08:46

Futu Morning Brief | Two hawkish Fed officials warned of inflation and supported moderate rate hikes; the World Artificial Intelligence Conference opened in Shanghai, where Moonshot AI launched Kimi K3; Trump delivered a nationwide address at 9 a.m. today

SpaceX canceled a major test flight of its Starship rocket, causing its stock to plunge more than 4% in after-hours trading; rumors of a delay in the release of Google's Gemini model sparked concerns, sending its shares down over 4%.

Futu NewsJul 17 08:23

Express News | Zhang Yidong of Haitong International: The AI-related rally in Hong Kong equities is expected to resume its upward trend and further spread across the broader AI industrial chain.

BreakingsJul 16 21:39

Disrupting Wall Street! From the market's periphery to its pricing core, these 'whales' are rewriting the rules of the U.S. equity game.

Market data indicate that retail investors' influence is growing by the day and has now become significant enough to profoundly alter the trajectory of the U.S. equity market. He described this group as now serving simultaneously as price setters, narrative creators, and drivers of capital flows.

Zhitong FinanceJul 16 21:15

Lifting of restrictions materialized as anticipated; exercise patience in positioning for Hong Kong equities.

Against the backdrop of a still favorable medium- to long-term outlook for AI, risk-off sentiment has emerged due to short-term macro liquidity conditions (the Federal Reserve’s hawkish stance) and micro liquidity pressures (deleveraging in the Korean equity market, share lock-up expirations in Hong Kong, etc.). However, this is unlikely to end the AI bull market; instead, it creates an opportunity for the AI rally to broaden into a wider segment of the industrial chain.

Zhang Yidong Strategy WorldJul 16 20:48

Hong Kong Market Snapshot | All three major indices closed higher, with the Hang Seng Tech Index rising nearly 2%; tech and new consumption stocks gained strongly, with Xiaomi Group and Pop Mart up over 6%, and Kuaishou climbing nearly 5%; memory-related

Technology and internet stocks rose broadly, with Xiaomi Group-W up 6.34% and Kuaishou-W up 4.97%; automobile stocks also gained across the board, as XPeng Inc.-W rose 7.61% and Geely Auto increased by 5.38%; internet healthcare stocks performed strongly, with EasyHealth up 7.21% and Ping An Good Doctor rising 4.56%;

Futu NewsJul 16 16:21

Four historical patterns in the Hong Kong stock market have lost their validity; institutions recommend closely monitoring the favorable policy convergence window from July to September.

What are the underlying reasons for the revaluation of Hong Kong-listed technology stocks—from high-growth 'tech stocks' to stable 'domestic consumption stocks'?

cls.cnJul 16 13:54

Hong Kong Market Midday Commentary | All three major indices rose, with the Hang Seng Tech Index gaining over 3%; tech and internet stocks advanced, Xiaomi and Kuaishou up more than 6%, and Meituan climbing over 5%; new energy vehicle and new consumption

Technology and internet stocks rose across the board, with Xiaomi Group-W up 6.26% and Kuaishou-W up 6.26%; semiconductor stocks declined, with Montage Technology down 17.15% and OmniVision Technologies up 8.35%; gold mining stocks rose uniformly, with Zhufeng Gold up 13.10% and Zijin Mining International up 5.65%;

Futu NewsJul 16 12:09

Korean stocks on a rollercoaster! Investors pull back from all-in AI bets and shift focus to these sectors in the Hong Kong market

South Korea's stock market has experienced severe volatility, riding a 'roller coaster,' with foreign capital outflows likely exceeding USD 100 billion.

China Securities JournalJul 16 10:17

Futu Morning Brief | Trump criticizes New York's pause on AI data center approvals; Warsh reaffirms Federal Reserve independence; Jensen Huang appears in Tokyo to advance AI and robotics collaboration; Anthropic may launch IPO as early as October

Trump reiterated his hope for lower interest rates, stating that holding steady is better than raising rates and expressing great respect for Warsh; reports indicate Apple is seeking to acquire a chip company to accelerate its AI server capabilities.

Futu NewsJul 16 08:03