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 News11:31

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

Hang Seng Index Bull/Bear Ratio (51:49) | July 18

As of July 18, the latest bull-to-bear warrant ratio for the Hang Seng Index stands at 51:49.

Zhitong Finance08:00

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