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In the afternoon, the Hang Seng Index rose 0.22%, or 57 points, to 26075, while the Hang Seng Technology Index rose 1.6%.
Kuaishou Technology rose more than 5%, and the share price returned to the HK $100 mark. Credit Suisse raised its target price for Kuaishou Technology to HK $140 from HK $135, maintaining its "outperform" rating.
Baidu, Inc. rose by more than 1%. Xiaomo maintains Baidu, Inc. 's overweight rating with a target price of HK $250.
XIAOMI walked peacefully. Macquarie published a research report that XIAOMI's products are clearly targeted at different customers. The average retail price rose from 1700 yuan in the fourth quarter of 2020 to 1900 yuan in the first quarter of this year, and then to 2100 yuan in the second quarter. In terms of sales channels, XIAOMI has invested heavily in new retail and actively expanded offline sales, and has achieved the goal of opening 10, 000 retail stores in China for the whole year. The bank expects XIAOMI's overseas market share to continue to rise, maintaining its "overweight" rating and target price of HK $36.70.
Meituan fell 0.14%. Data show that Meituan has been a net buyer of southward funds for 12 consecutive days.
BABA fell 0.17%. According to a research report released by CICC, BABA's share price has reflected the pressure on its performance and is expected to be gradually bought by overseas funds. The bank is rated as "outperform industry" with a target price of HK $203.
Other stocks, NetEase, Inc rose more than 3%, Tencent rose 0.79%, JD.com Group fell 0.18%.
Semiconductor Manufacturing International Corporation rose by more than 4%, JD Health by more than 2%, Ping An Healthcare And Technology, Hua Hong Semiconductor and Zhongan Online by more than 1%.
According to the Futuo Niuniu Hong Kong stock trading hot list today, the top stocks include Tencent, XIAOMI, Meituan, BABA, China Evergrande New Energy Vehicle, Kuaishou Technology, China Evergrande Group, Ping An Insurance and so on.
Screenshot from: Futuo Niuniu APP market-market-opportunity-popularity list
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