Kwok Sze Chi: Although the broader market has shown signs of stabilizing after its decline, the technical pattern remains bearish.

Kwok Sze-chi, Vice Chairman of the Hong Kong Stock Analysts Association, stated that after four consecutive daily declines starting last Tuesday (the 11th), the broader market’s downward momentum was somewhat abrupt. Consequently, as soon as selling pressure eases slightly, a technical rebound is likely. The Hang Seng Index opened 186 points higher at 25,303 in the morning session yesterday (the 17th). As selling pressure visibly subsided and stabilizing buy orders gradually emerged, the broader market rose steadily to 25,578 before encountering resistance. This means the Hang Seng Index has now regained its position above both the 100-day moving average (around 25,175) and the 20-day moving average (around 25,512). From a purely technical perspective,

AASTOCKS09:15

Futu Morning Brief | US-Iran stalemate adds inflation uncertainty, pressure on long-term bonds continues to mount; Morgan Stanley says AWS revenue could reach $1 trillion in the next decade; US urges South Korea to prioritize investment in memory chips; X

Overseas holdings of U.S. Treasury securities fell by $72.1 billion in June, with simultaneous declines in Japan and China; Anthropic's annualized revenue surpassed $65 billion, accelerating commercialization ahead of its IPO.

Futu News08:10

Hang Seng Index Bull-Bear Contract Ratio (51:49) | August 18

As of August 18, the latest bull-to-bear street cargo ratio for the Hang Seng Index stood at 51:49.

Zhitong Finance06:19

CICC: Will overseas liquidity face problems?

The rebound to this level is supported by the following factors: 1) High leverage and crowded positions have largely stabilized and been cleared out; 2) Our proprietary AI bubble stress index has improved; 3) Against this backdrop, liquidity has become the focal point likely to drive market dynamics.

CICC InsightsAug 17 17:49

Hong Kong Futures Clearing House: The optimized methodology for determining daily settlement prices of flagship products, including the Hang Seng Index, will officially take effect on August 31.

Effective from the effective date, the daily settlement prices of these products shall be determined in accordance with the optimized daily settlement price methodology.

Zhitong FinanceAug 17 17:01

HK Market Quick Look | All three major indices rose, with the tech index up 1.58%. Internet and technology stocks performed strongly, with Alibaba rising nearly 2%. Stocks related to optical communications, memory storage, and PCBs generally advanced: Yan

Multiple technology and internet stocks advanced, with SenseTime-W rising 8.90% and JD.com-SW gaining 2.54%. Shipping and port stocks strengthened, as SITC International Holdings rose 8.35% and OOCL International increased by 7.29%. Gold stocks rallied across the board, with Zijin Mining International up 5.96% and Zhaojin Mining Industry advancing 3.88%.

Futu NewsAug 17 16:18