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"Hong Kong Stocks" Hang Seng Index closed up 580 points, Z.AI fell 20%, CHINASOFT INT'L surged 23%

AASTOCKS

The Hong Kong Hang Seng Index rose by 580 points or 2.36%, closing at 25,143 points, with a turnover exceeding HKD 300 billion. Technology stocks generally surged, with Tencent, Alibaba, and Meituan rising over 3%. Influenced by Brent crude oil breaking the USD 90 mark, CNOOC and other "three major oil companies" as well as oil service stocks climbed. Semiconductor stocks also performed well. Z.AI plummeted nearly 20%, while CHINASOFT INT'L surged 23%. The market is focused on updates to domestic large models and Goldman Sachs' warning about competition in the programming field

Hong Kong stock market trend | Closing up 580 points to return to 25,000, Z.AI drops 20% against the trend

HKEJ

The Hong Kong Hang Seng Index has risen for three consecutive weeks, closing at 25,143 points, up 580 points or 2.36%, reclaiming the 25,000 mark and the 50-day moving average. The National Index and the Technology Index rose by 3.01% and 2.79%, respectively. The total market turnover was HKD 306.4 billion, with net outflow of nearly HKD 6 billion from northbound funds. Technology stocks generally performed well, with Alibaba, Tencent, and Meituan rising over 3%; SMIC and CSPC also increased. Blue-chip stocks such as HSBC and CLP Holdings fell

Why Is Alibaba Stock Gaining Monday?

benzinga_article

Alibaba (BABA) stock rose nearly 4% in premarket trading, driven by the preview of its advanced Qwen3.8 Max AI model and a strategic partnership with Apple for AI services in China. The company highlighted the model's 2.4 trillion parameters and open-weight plans. Technically, momentum indicators have improved, though long-term trends remain pressured. Analysts maintain a 'Buy' consensus with an average price target of $192.67.

Bezos supports CuspAI startup in collaboration with NVIDIA to find new chip materials

AASTOCKS

Jeff Bezos invests in the UK startup CuspAI, which has completed a $450 million financing round, valuing the company at $2.6 billion. CuspAI collaborates with NVIDIA and others to use AI to simulate the performance of new materials to accelerate breakthroughs in fields such as semiconductors, and has launched the "AI Materials Foundry" platform

Net outflow of HKD 5.188 billion from the TRACKER FUND through the Hong Kong Stock Connect

AASTOCKS

According to the Hong Kong Stock Connect data, the TRACKER FUND experienced a net outflow of HKD 5.188 billion from southbound funds. Alibaba and Z.AI saw net inflows of HKD 1.864 billion and HKD 310 million, respectively. Tencent and YOFC also experienced net outflows. The total net outflow from southbound funds for the day was HKD 0, with a total transaction amount reaching HKD 125.074 billion

Chuan plans to extend trading hours for Hong Kong stocks; HKEX: Currently studying the proposal to extend trading hours for the derivatives market outside of stock trading hours

AASTOCKS

The Hong Kong Exchanges and Clearing (HKEX) responded to rumors about extending Hong Kong stock trading hours, stating that it is currently studying measures to enhance market convenience. The primary focus at this time is to explore extending the trading hours for the derivatives market, rather than the stock trading hours

[New Stock Listing] It is reported that Watsons Group is planning a dual listing in Hong Kong and the UK. CKH HOLDINGS: No decision has been made regarding Watsons' IPO or related timetable

etnet

CKH HOLDINGS responded to rumors of a dual listing for Watsons, reiterating that the board has not made any decisions regarding the IPO or its timetable. Previously, foreign media reported that Watsons plans to list in both Hong Kong and the UK by the end of the year, raising approximately $2 billion, and has hired institutions such as Goldman Sachs for collaboration, but the specific listing location has yet to be determined

Singapore Bank: The market has not seen an AI bubble, and the Federal Reserve's policy is expected to remain cautious

etnet

Singapore Bank released its mid-2026 outlook, believing that the market has not yet seen an AI bubble and maintains an "overweight" position on U.S. stocks. The economy slowed in the first half of the year due to geopolitical influences and high inflation; the AI boom in the second half is expected to boost investment and exports. Onshore A-shares, with a high proportion of technology, good profit expectations, and low external correlation, outperform offshore stocks. The Federal Reserve's policy is expected to remain cautious

The total short selling in Hong Kong stocks for the day was HKD 62.02 billion, accounting for 22.3% of the turnover of shortable shares

AASTOCKS

The total short selling amount in the Hong Kong stock market reached HKD 62.02 billion for the day, accounting for 22.3% of the turnover of shortable shares, an increase from 21.2% the previous day. The main short selling targets include CSOP HS TECH, TRACKER FUND, HSCEI ETF, Alibaba, and Tencent Holdings Limited, with CSOP HS TECH having the highest short selling ratio at 43.8%

Standard Chartered is positive about the Hong Kong stock and property market in the second half of the year, expecting a moderate easing of mainland monetary policy and a reserve requirement ratio cut in the third quarter

Stheadline

Standard Chartered held a macroeconomic outlook for the second half of 2026, maintaining a positive view on Hong Kong's stock and property markets, predicting a GDP growth of 4.3% for Hong Kong. It is expected that the one-month HIBOR will be around 2.8 basis points, with the impact of cracking down on illegal cross-border stock trading being temporary. The U.S. interest rates are expected to remain unchanged, while China's full-year GDP growth forecast is 4.6%, with weak domestic demand but strong exports, anticipating an increase in counter-cyclical adjustment efforts

"The Diary of Zhong" Hang Seng Index returns to 25,000, AI boosts Alibaba

etnet

The Hong Kong Hang Seng Index closed at 25,143 points, up 2.4%, returning to the 25,000 mark, driven by favorable policies from the national team and a rebound in Chinese concept stocks. In the A-share market, the Shanghai Composite Index was boosted by news of state-owned enterprises repurchasing and increasing their holdings, briefly returning to 3,800 points, and ultimately rising 0.85%. Alibaba's stock price increased by 3.7% following the announcement of the upcoming open-source release of its new generation large model Qwen 3.8-Max

HKEX is rumored to consider extending stock trading hours by half an hour, will the lunch break become a thing of the past?

香港01

The Hong Kong Exchanges and Clearing (HKEX) is considering extending stock trading hours to align with international markets. The proposals include starting trading 30 minutes earlier, eliminating the lunch break, and adding post-market sessions. This move aims to increase trading volume and capture early trading activity in the U.S., but it faces challenges such as high trading costs. Currently, the relevant suggestions are in the early discussion stage and need to be approved by regulatory authorities and widely solicited for opinions before implementation

European stocks generally rose in the early session, Ryanair fell 5% after earnings, U.S. memory stocks showed good pre-market performance, and SpaceX stopped falling in pre-market trading

AASTOCKS

Affected by the escalation of the Middle East situation and oil prices surpassing $90, U.S. stock index futures rose slightly, with memory stocks strengthening in pre-market trading. European stocks generally rose in early trading, but Ryanair fell 5% due to declining profits and rising fuel costs. The Asia-Pacific stock markets showed mixed performance, with Hong Kong stocks soaring 2.4%, A-shares slightly up, while South Korean, Taiwanese, and Indian stock markets declined

During the World Cup, China's sports lottery total sales reached nearly 83.3 billion yuan, with over 17 billion yuan in the first week of the knockout stage

etnet

During the 2026 World Cup in the United States, Canada, and Mexico, the sales of China's sports lottery competitive market surged. According to data from the official website of China Sports Lottery, the cumulative sales reached 83.299 billion yuan within six weeks from June 8 to July 19. Among them, the first week of the knockout stage (from June 29 to July 5) had the highest weekly sales, exceeding 17 billion yuan

The latest quote for the night session of the current month futures index is 25,122 points, down 30 points, with a discount of 21 points

etnet

According to the Economic News Agency report on the 20th, the current month futures index opened at 25,146 points during the night session, down 6 points, with a premium of 3 points. The latest report is 25,122 points, down 30 points, with a discount of 21 points, and a contract volume of 293 contracts. The current month Hang Seng China Enterprises Index futures opened at 8,385 points during the night session, down 2 points, with a premium of 3 points. The latest report is 8,378 points, down 9 points, with a discount of 4 points, and a contract volume of 192 contracts

"Post-Market Deployment" Two major favorable factors support the Hang Seng Index to outperform Asia-Pacific stocks, MiniMax returns home for low absorption to bet on a rebound

etnet

Affected by the rise in oil prices due to the US-Iran situation, Asian stocks generally showed weakness, but Hong Kong stocks rose against the trend. The Hang Seng Index closed at 25,143 points, up 2.4%, mainly benefiting from the update of large models and expectations of state-owned enterprises increasing their holdings. Alibaba rose over 3% due to the release of the Qwen 3.8 large model and expectations for the listing of "The Dark Side of the Moon," while Tencent also followed suit. Domestic bank stocks surged on expectations of a discussion meeting by the Securities Regulatory Commission and increased holdings by state-owned enterprises. Despite the net outflow of northbound capital, the Hang Seng Index is expected to fluctuate around the 25,000 mark in the short term

【Northbound Capital D】net outflow of HKD 5.962 billion

etnet

According to the Economic Information Agency on the 20th, the Hang Seng Index opened up 272 points today, reporting at 24,835 points. It rose a maximum of 593 points to report at 25,155 points, and the lowest rise was 194 points to report at 24,756 points. The Hang Seng Index closed at 25,143 points, up 580 points or 2.4%. The net outflow of northbound funds for the whole day was HKD 5.962 billion, an increase of 309.3%. The main board turnover exceeded HKD 306.4 billion, a decrease of 11.8%. Among them, the turnover of the Hong Kong Stock Connect was nearly HKD 125.1 billion, accounting for 40.8% of the total turnover

In "New Noble of North Water," CNOOC re-entered the top ten trading list of Hong Kong Stock Connect (Shanghai) after a 15-day gap

etnet

According to data from the Hong Kong Stock Exchange, CNOOC has re-entered the top ten trading list of "Hong Kong Stock Connect (Shanghai)" after 15 days. On that day, northbound capital bought HKD 913 million and sold HKD 874 million, resulting in a net purchase of HKD 39.54 million. YOFC also made the list, with northbound trading amounting to HKD 3.598 billion, recording a net sale of HKD 230 million

"External Focus" The United States Releases Leading Indicators

etnet

U.S. stocks fell across the board last Friday due to a sell-off in technology stocks, with the Dow Jones, S&P 500, and NASDAQ dropping 0.77%, 1.01%, and 1.4% respectively. Hong Kong stocks performed strongly, with the Hang Seng Index rising 2.4% to 25,143 points. The U.S. will announce the June leading indicators tonight, expected to shift from positive to negative

Meta Platforms Looks Set to Abandon a $174 Billion Investment to Fuel Its AI Ambitions

Motley Fool

Meta Platforms is reportedly considering abandoning its $174 billion share repurchase program to fund aggressive AI infrastructure investments. Having retired nearly 12.7% of shares since 2017, Meta halted buybacks in Q3 2025 as capital expenditures for AI surge. The company may issue equity to reverse past buybacks, balancing immediate AI benefits against potential short-term stock volatility and historical bubble risks.

Elon Musk’s Tesla Best-Seller Has a New Challenger: XPeng CEO Says It’s ‘Not Far From Beating' Model Y

benzinga_article

XPeng CEO He Xiaopeng claims the company is 'not far from beating' Tesla's Model Y with its new L03 all-electric SUV. Priced at approximately $40,700 in Europe and China, the L03 undercuts the Model Y's European price of roughly $44,600. This announcement coincides with XPeng's unveiling of a Level 4 autonomous driving roadmap targeting 2028 rollout. Meanwhile, Tesla's Model Y remains a top seller in China, and analysts project Q2 2026 revenue of $27.6 billion for Tesla.

Market Outlook | Hang Seng Index Returns to 25,000 Points, Is the Valuation Recovery Nearing Its End?

點新聞

The three major Hong Kong stock indices rose together, with the Hang Seng Index returning above 25,000 points. Strategist Eric Wu pointed out that this round of market performance is driven by valuation recovery, and the current price-to-earnings ratio is slightly above the ten-year average. The recovery phase may be nearing its end, and the subsequent upward space is limited. The market is focused on the policy direction of the Central Political Bureau meeting and the mid-term results in August, especially the profit recovery situation of internet platform stocks

[Hong Kong Stock "Overtime"] HKEX studies to open at 9 o'clock and plans to set up evening trading for ADR transactions

News.now

The Hong Kong Exchanges and Clearing (HKEX) has confirmed that it is studying the extension of stock trading hours, with reports suggesting an earlier opening by half an hour and the cancellation of the midday break. According to Bloomberg, HKEX is considering extending Hong Kong stock trading hours to align with most global stock markets. In response to inquiries, HKEX stated that it has been committed to enhancing Hong Kong's competitiveness as an international financial center and is currently researching various measures to improve market convenience, including extending trading hours. HKEX further stated that the primary focus at present is to study the proposal for extending trading hours in the derivatives market, but implementation will depend on gathering market opinions and regulatory approval. Additionally, the group indicated that it will regularly explore various optimization arrangements for the market, and the proposal to optimize spot market trading hours is still in the very early discussion stage. Any adjustments will require careful assessment of impacts, comprehensive consideration of opinions from all market participants, and arrangements for the connectivity mechanism. According to foreign media citing informed sources, HKEX has communicated the relevant plans to major brokers over the past few weeks, with one proposal including starting stock trading 30 minutes earlier at 9 AM and eliminating the midday break between 12 PM and 1 PM. Informed sources also mentioned that HKEX is studying the addition of after-hours trading, potentially between 8 PM and midnight, although the evening session may be limited to a few large-cap stocks, aiming to increase trading volume for companies with American Depositary Receipts (ADRs). The report also cited informed sources stating that the exchange will widely solicit opinions later this year once the relevant arrangements are more mature. The Securities and Futures Commission has indicated that it has had preliminary discussions with HKEX regarding the potential adjustment of trading hours to assess impacts and will continue to collaborate with stakeholders to enhance the global competitiveness and attractiveness of Hong Kong's capital market

The Hong Kong Exchanges and Clearing (HKEX) indicated that the suggestion to optimize the trading hours of the spot market is in a very early stage of discussion, and the industry advocates for increasing market attractiveness

香港无线新闻

The Hong Kong Exchanges and Clearing (HKEX) responded to suggestions for optimizing the trading hours of the spot market, stating that it is still in the very early stages of discussion. Rumors include canceling the lunch break and adding evening sessions to align with global markets, but HKEX emphasized that the primary focus is on studying the extension of trading hours for derivative products. Any adjustments need to be carefully evaluated for their impact and consider various opinions comprehensively. The industry believes that enhancing market attractiveness and attracting foreign investment is key

Investors await the latest batch of earnings and focus on the Middle East situation as U.S. stocks rise before the market opens

AASTOCKS

U.S. stock futures rose, with the S&P 500, Dow Jones Industrial Average, and NASDAQ up 0.3%, 0.3%, and 0.6% respectively, as investors focus on the earnings of several large companies and the situation in the Middle East this week. Domino's Pizza shares surged 7.1%, while Alibaba rebounded 3.4%. Iran indicated it might resume negotiations with the U.S., but U.S. forces continued to strike Iran, confirming multiple casualties, raising concerns about global supply tightness. Oil prices fell slightly, and U.S. Treasury yields rose

The increase in hedging demand in the US stock market reflects greater volatility in the summer, related to two reasons

香港01

The upward momentum of the US stock market has weakened, market volatility has increased, and hedging demand has surged. The Nations SkewDex index has risen to its highest level since April, reflecting an increase in tail risk. The unwinding of AI-related trades has triggered market rotation, with stock prices falling alongside rising volatility. Bridgewater's Ray Dalio has warned that US stock bubble indicators are approaching historical highs, suggesting limited returns in the coming years