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

Meituan's Wang PuZhong: Delivery riders are becoming a professional force with greater dignity

Sina Tech News, July 17 (morning): On July 16, the 9th Meituan Rider Day Annual Honors Ceremony was held in Beijing. In his speech, Wang Puzhong, CEO of Meituan’s Core Local Commerce, stated that delivery riders are becoming a more respected professional force. Meituan will continue to invest in ensuring stable incomes, enhancing rights protection, and improving fairness in order allocation, so that riders’ hard work earns respect and their livelihoods are secure. Together with riders, Meituan aims to foster better development of the on-demand delivery industry, deliver superior experiences for consumers, and contribute greater value to society. During the event, Meituan recognized outstanding riders for exemplary performance in areas such as compliance with traffic regulations, acts of bravery, and consistent order fulfillment.

Sina Technology10:58

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

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