According to Futu News on August 5th, due to the sharp decline of Asia-Pacific stock markets in the morning, the three major indexes of Hong Kong stocks opened substantially lower in the morning, quickly rose to a high after opening and then fell again, until noon closing, the Hang Seng Index and the China Enterprises Index fell by 0.22% and 0.41% respectively, and the Hang Seng Tech Index rose 0.12%, once rising as high as 1%.

As of noon closing, there were 582 rising stocks, 1050 falling stocks, and 1434 flat stocks in the Hong Kong stock market.

In terms of sectors, network technology stocks showed mixed performance, Bilibili-W rose by 5.78%,Meituan-W rose by 2.60%,Kuaishou-W rose by 1.51%,Baidu Group-SW fell by 1.44%,and Xiaomi Group-W fell by 1.00%.

Many apple concept stocks declined, with Q Tech falling by 5.28%,AAC Tech falling by 5.26%,BYD Electronic falling by 3.41%,Sunny Optical falling by 2.98%,FIH falling by 2.50%,and Cowell falling by 2.32%.

Petroleum stocks were down, with CNOOC falling by 5.10%,Sino Oil & Gas falling by 4.35%,PetroChina falling by 3.08%,China Oilfield falling by 1.50%,and Sinopec Corp falling by 1.20%.

Coal stocks were weak, with Mongol Mining falling by 4.08%,China Shenhua falling by 2.80%,Yankuang Energy falling by 2.11%,China Coal Energy falling by 2.11%,and Yancoal Aus falling by 1.65%.

In terms of individual stocks,$CHINA RE (01508.HK)$Rose over 11%, with a forecasted increase of about 150% to 200% in net profit attributable to the mother in the first half of the year.

$FENBI (02469.HK)$Rose over 6%, with significant improvement in AI-driven profitability, and the company's net profit for the first half of the year is expected to double.

$BILIBILI-W (09626.HK)$Rose nearly 6%, and the earnings announcement on the 22nd of this month is expected to be a catalyst for the stock price to rebound, according to Morgan Stanley.

$ZTO EXPRESS-W (02057.HK)$Rose over 4%, with the expectation that the price war in the second half of the year will ease and the performance of express delivery companies has greater elastic potential.

$Q TECH (01478.HK)$Dropped over 5%, leading the decline of apple concept stocks, with Buffett selling nearly half of his Apple shares and Credit Suisse stating that Q3 growth of the fruit chain may be below expectations.

$STANCHART (02888.HK)$Dropped over 5%, leading the decline of Hong Kong-based bank stocks, with market concerns over the expected interest rate cut and narrowing net interest margin of banks.

TOP20 turnover in half a day

Editor/Feynman