Nvidia (NVDA.US) rebounded 7% in the evening, and funds flowed back to technology stocks. The Nasdaq rose 1.3%, while the Dow fell 0.8%. The Hang Seng Index fluctuated up and down. After a low opening of 138 points, the decline narrowed. It once turned upside down by 83 points and rose to a high of 18,156 points, an increase of 17 points or 0.1% for the whole day, closing at 18,089 points. The national indicator rose 12 points or 0.2%, closing at 6,477 points. The Hang Seng Tech Index rose 34 points or 0.9%, closing at 3,689 points. The total trading volume of the market for the whole day was 95.15 billion yuan, and the net inflow of southward trading of the Shanghai and Shenzhen-Hong Kong Stock Connects was 3.437 billion and 2.427 billion yuan, respectively.
Meituan (03690.HK) refused to comment on news of issuing more than 1 billion US dollars in bonds, and Meituan rose 0.2% to 117 yuan. A total of 104 domestic games were approved in June, including Tencent's (00700.HK) "Lock Kingdom: World", and Tencent closed at 382 yuan. Netease's (09999.HK) hand game "Endless Abyss" will be publically tested on July 25, and the stock price rose 6.2% to 150.6 yuan, the largest blue-chip gain. Nvidia rebounded and chip stocks SMIC (00981.HK) and Huahong (01347.HK) both rose 2.9% and 4.3%, respectively. Chip equipment stock ASMPT (00522.HK) rose 5.9%. Mobile phone component stocks Qiutai (01478.HK) and Shunyu (02382.HK) also rose 2.5% and 3.4%, respectively.
In other technology stocks, Alibaba (09988.HK), Xiaomi (01810.HK), Baidu (09888.HK), and Bilibili (09626.HK) rose by 0.1% to 0.5%, while Kuaishou (01024.HK) and Shangtang (00020.HK) rose by 1.3% and 2.2%, respectively. JD.com (09618.HK) fell 1.4%, and Kingsoft Cloud (03896.HK) and Ping An Good Doctor (01833.HK) rose 3.7% and 5.6%, respectively. In terms of auto stocks, Ba County reduced its holdings of BYD (01211.HK) to cash out 473 million yuan last Wednesday, and its holding ratio fell to 5.99%. BYD fell 0.9% to 237.4 yuan. Ideal (02015.HK) rose 4%. Xiaopeng (09868.HK) and Geely (00175.HK) rose 1.6% and 2.1%, respectively.
The mainland lithium futures prices rebounded, and Ganfeng Lithium (01772.HK) and Tianqi Lithium Corporation (09696.HK) both rose by more than 6%. Other metal stocks were relatively weak, with Aluminum Corp. of China (02600.HK), Hongqiao (01378.HK), and Luoyang Moheman (03993.HK) falling by more than 2%, and Jiang Copper (00358.HK) falling 3.1%. Yanzhou Coal Energy (01171.HK) and China Coal (01898.HK) fell by more than 2%. The Baltic Dry Index fell by more than 2%, and Pacific Basin (02343.HK) fell by 3.2%.
In terms of consumer stocks, Want Want China (00151.HK) rose 11.1%, and the company announced that it made another 18% for the whole year and increased the dividend. Inner Mongolia Yili Industrial Group Co., Ltd. (02319.HK) and Bud APAC (01876.HK) rose by 5% and 4.5%, respectively. Citigroup pointed out that European and British institutional investors showed interest in re-examining their Chinese positions, especially high-yield consumer stocks, and showed interest in food stocks such as Inner Mongolia Yili Industrial Group Co., Ltd. Topsports (06110.HK) and Hisense Ha (00921.HK) both fell by 3.5% and 5%, respectively.
Pharmaceutical stocks Innovent Bio (01801.HK), Shiyao Pharmaceutical (01093.HK), Fosun Pharma (02196.HK), and Innovent Bio (01801.HK) all rose by 3.2% and 4.5%, respectively, and Chinese Traditional Medicine (00570.HK) fell 11.7%. Financial stocks HSBC (00005.HK) fell 0.1% to 68.3 yuan, HKEX (00388.HK) rose 0.2%, and AIA Group (01299.HK) fell 1%. In other stocks, Conch Venture (00586.HK) rose 9%. Esprit Holdings (00330.HK) said that negotiations on the sale of the Greater China trademark have entered the final stage, and its stock price once rose 34% and closed up 1.2%. TVB (00511.HK) reached a new framework of cooperation with Tencent Video, and the stock price rose 4.3%.