According to Futu News on August 11, the three major indexes of Hong Kong stocks rose today. as of press time, the Hang Seng Index rose 1.13%, the Hang Seng Technology Index rose 1.8%, and the State-owned Enterprises Index rose 1.14%.
Science and Internet stocks strengthenAs of press time, Baidu, Inc. rose by more than 3%, BABA by 2% and Tencent by nearly 2%.
Auto stocks rose.As of press time, NIO Inc. rose by more than 6%, XPeng Inc. by 2% and Byd Company Limited by more than 1%.
Sporting goods stocks roseAs of press time, Xtep International is up nearly 5%, Li Ning Co. Ltd. is up more than 4%, and Anta is up more than 2%.
Shipping stocks rose generally.As of press time, Pacific Shipping is up more than 5%, and COSCO Shipping Holdings is up nearly 3%.
Individual stocks$BABA-SW (09988.HK) $At one point, it rose by more than 3%, and by nearly 2% as of press time. Jeffery pointed out that Softbank Corp. settled BABA's prepaid forward contract in advance, without damage to fundamentals, and buybacks are expected to release shareholder value and give a "buy" rating.
$Longfor Group (00960.HK) $It opened high, up more than 10% at one point, and nearly 4% as of press time. On the news side, the company clarified that the overdue online merchant tickets were pure rumors.
$Techtronic Industries (00669.HK) $Opening high and going high, up nearly 10% as of press time, the company reported that medium-term net profit rose 10.4% year-on-year to $578 million.
$NIO Inc.-SW (09866.HK) $It's up more than 6%. It is reported that former Meitu executives have joined NIO Inc. 's mobile phone; in addition, the company will launch a flagship model worth more than 7000 yuan, which is expected to be available in a year's time.
$Lijin Technology (00558.HK) $Up nearly 4%. CICC is optimistic that the demand for super-large die-casting machines is growing rapidly, and the company is expected to maintain market share.
$Ming Yuan Cloud Group (00909.HK) $The drop of more than 6% hit a new low on the stock market. The company said earlier that it expected to turn from profit to loss in the first half of the year, with a loss of up to 580 million yuan.
Edit / Jeffrey