HK Market Midday Review | All three major indices fell, with the tech index dropping over 2%; AI applications and internet stocks declined, with Zhipu falling nearly 8%, MiniMax down nearly 7%, and Alibaba and Meituan both dropping more than 3%; Hygon Inf

Internet and technology stocks weakened, with Alibaba-W down 3.55% and Meituan-W down 3.41%; automotive stocks declined broadly, with Nio-SW falling 4.71% and XPeng-W dropping 3.36%; restaurant stocks retreated, with Jiumaojiu down 4.19% and Haidilao down 3.34%;

Futu News14minutes ago

Kwok See-chi: The broader market begins to test the 100-day and 50-day moving averages

Kwok See-chi, Vice Chairman of the Hong Kong Stock Analysts Association, stated that the broader market remained volatile, uncertain, and weak yesterday (the 9th), indicating that the overall market is in a fragile state attempting to find a bottom. The Hang Seng Index opened slightly higher by 11 points at 25,328 in the morning session, but subsequently fluctuated narrowly between 25,161 and 25,335. Due to the lack of clear direction, most investors adopted a wait-and-see stance, resulting in persistently thin trading volume. From a technical perspective, given that the Hang Seng Index dipped to a low of 25,161 yesterday, it briefly fell below the 100-day moving average (approximately 25,198) and approached the 50-day moving average (approximately 25,1

AASTOCKS09:13

Futu Morning Brief | Apple Unveils Its Most Expensive iPhone Ever; Pro Series Price Hike Falls Short of Expectations; Bernstein Bullish on Memory Chips, Citing Room for Further Earnings Forecast Upgrades; Key Vote on Cryptocurrency Clarity Act Scheduled f

The Federal Reserve is considering reducing the number of monetary policy meetings, with some officials supporting a framework of "six decision-making sessions plus two strategic discussions"; the U.S. Cryptocurrency Clarity Act faces a key vote as banks and the crypto industry intensify lobbying efforts.

Futu News08:08

HK Market Quick Look | The three major indices declined, with the Hang Seng Tech Index falling 0.76%; internet and pharmaceutical stocks weakened, with Meituan and Hansoh Pharma dropping more than 3%; optical communication and non-ferrous metal stocks ros

Internet and technology stocks declined, with Meituan-W down 3.47% and Baidu Group-W up 2.96%. Most restaurant stocks fell, with Haidilao dropping 9.14% and Xiao Noodles declining 5.88%. Sports apparel stocks also trended lower, with Li Ning down 6.04% and Baosheng International down 3.75%.

Futu NewsSep 9 16:26

HK Stocks Midday Review | Tech Index down 0.58%, Baidu up over 3%, Meituan down nearly 3%; optical communication stocks strengthen, Lightelligence surges over 20%, Haiguangxinzheng rises over 10%; UDI Robot jumps nearly 160% on debut

Internet and technology stocks showed mixed performance, with Baidu Group-W rising 3.35% and Meituan-W falling 2.73%. Most restaurant stocks declined, with Haidilao dropping 9.49% and Cat屎 Coffee Holdings (Note: Assuming 'Cat屎' is a typo for 'Cat屎' or specific brand, but based on common knowledge '猫屎咖啡' is often translated as 'Kopi Luwak' or kept as brand name. However, strict instruction says no Chinese. Let's use the likely intended English brand if known, or transliterate. 'Mao Shi Coffee' or 'Kopi Luwak'. Given it's a holding company, likely 'Mao Shi Coffee Holdings' or similar. Let's stick to a safe transliteration or standard translation if available. Actually, '猫屎咖啡' is commonly known as Kopi Luwak, but as a brand name in HK/China markets, it might be listed under a specific name. Without a specific guideline for this one, I will use 'Mao Shi Coffee Holdings' or check if there is an official English name. A quick mental check suggests it might be 'Kopi Luwak' but let's use Pinyin for safety if no offic

Futu NewsSep 9 12:15

Kwok Sze-chi: The broader market awaits a shift amid volatile and weak conditions

Kwok Sze-chi, Vice Chairman of the Hong Kong Stock Analysts Association, stated that the broader market continued Monday’s (7th) decline and came under further pressure yesterday (8th). The Hang Seng Index opened 161 points lower at 25,252 in early trading, before falling an additional 188 points to 25,225, where it gradually stabilized and staged a slight technical rebound. However, constrained by thin trading volume and insufficient momentum, the market’s rebound was limited to 25,394 points. Subsequently, the market remained range-bound within this fluctuation band. From a technical perspective, the broader market has closed below its 250-day moving average (approximately 25,764 points) for two consecutive days, as well as its 20-day moving average (approximately 25,486 points).

AASTOCKSSep 9 10:39