Wang Yajun of Goldman Sachs: Hong Kong’s full-year IPO fundraising is on track to reach USD 60 billion, setting a new historical high.

Wang Yajun stated that the current rally in Hong Kong-listed AI stocks is driven by structural, long-term bullish trends stemming from AI industry transformation, rather than by the economic cycle.

Zhitong Finance35minutes ago

Citi: Genuine tech stocks account for a limited share of the Hong Kong market; the Hang Seng Index is unlikely to see significant improvement in the second half of the year.

In the first half of the year, global capital flowed into AI infrastructure-related stocks, with concepts such as memory chips, optical communications, and PCBs becoming key drivers of market gains. By comparison, Hong Kong-listed equities have a relatively small share of these cutting-edge 'true tech' stocks. Instead, companies categorized as tech stocks in the Hong Kong market are primarily platform firms, whose performance is more heavily influenced by retail consumption segments such as food delivery and automobiles.

Zhitong Finance14:39

Hong Kong Market Midday Review | The three major Hong Kong stock indices continued to rise, with the Hang Seng Tech Index up 2.69%. Technology and internet stocks extended their gains, with Xiaomi rising nearly 5% and Alibaba climbing close to 4%. Biotech

Multiple tech and internet stocks rose, with Xiaomi Group-W up 4.64% and Kuaishou-W up 3.66%. Pharmaceutical stocks advanced across the board, led by Pharmaron rising 13.85% and 3SBio up 9.18%. Shares in the smartphone supply chain also gained, with ZTE Corporation up 9.96% and Hua Hong Hongli up 7.14%.

Futu News12:13

Express News | Caixin News Midday Digest – July 10

Breakings12:02

Kwok Sze-chi: The broader market has shown some volatility at elevated levels, but the issue is not yet significant.

Vincent Kwok, Vice Chairman of the Hong Kong Society of Financial Analysts, noted that the broader market rose initially but turned volatile yesterday (the 9th). The Hang Seng Index (HSI) opened slightly lower by 18 points at 24,181 in the morning session, then rebounded by as much as 154 points to 24,353 on buying support, marking a new intra-month high at that point. Compared with the month’s low of 22,953 recorded on the 2nd, the intra-month trading range has now widened to 1,400 points. However, as buyers at elevated levels grew increasingly cautious and short-term profit-taking intensified, the market gradually turned choppy. Consequently, the HSI retreated stepwise to 23,917 before stabilizing somewhat. At that time, the HSI had

AASTOCKS09:24

Futu Morning Brief | U.S. Commerce Secretary urges SK Hynix and Samsung to expand U.S. memory chip capacity; Zuckerberg denies Meta has excess computing power, citing commercial potential in cloud business; GigaDevice and Han's CNC issue profit warnings;

Tensions between the U.S. and Iran escalated, prompting Trump to switch Air Force One mid-trip during his travel to and from the NATO summit, after Israel informed the U.S. of 'a new Iranian plot to assassinate Trump'; Trump resumed strikes against Iran, raising concerns among Republicans about negative impacts on the midterm elections.

Futu News08:10