The market is concerned about the release of US production inflation and consumer inflation data this week. The Hang Seng Index opened higher by 48 points, rose 141 points in the early stage to a maximum of 17,252 points, and then fell back. It once fell 36 points to 17,074 points, and rose by 62 points or 0.4% for the whole day, closing at 17,174 points; the national index rose 19 points or 0.3%, closing at 6,049 points; the Hang Seng Tech Index fell less than 1 point, closing at 3,429 points. The total turnover for the day was 70.846 billion yuan, net inflows of 2.218 billion yuan and 1.317 billion yuan of RMB from the southbound trading of Shanghai and Shenzhen Stock Connect.

In technology stocks, Tencent (00700.HK) rose 1% to 378.6 yuan. Alibaba (09988.HK) rose 0.3% to 78.65 yuan, Xiaomi (01810.HK) and Bilibili (09626.HK) rose 2.7% and 2%, respectively, while Meituan (03690.HK) and Netease (09999.HK) fell 0.6% and 1.2%, respectively. Tencent Music (01698.HK), Weibo (09898.HK), and Kingsoft Cloud (03896.HK) rose 4.3% to 4.7%.

Mobile component stock Qiu Titanium (01478.HK) earned 4.5 times more in the first half of the year, and its stock price rose by 17.3%, being popular with many brokerages. Goertek (02018.HK) and Sunwoda (02382.HK) rose by 3.8% and 2.5%, respectively. Chip stocks rose with external markets, with SMIC (00981.HK) and Huali Microelectronics (01347.HK) rising by 1.6% and 2.2%, respectively. ASMPT (00522.HK), a chip equipment stock, rose 2.7%. Mainland telecommunications stocks China Unicom (00762.HK) rebounded by 3.2%, while China Mobile (00941.HK) and China Telecom (00728.HK) rose by 1.5% and 1.9%, respectively.

As for consumer and domestic demand stocks, Runpiaohao (00291.HK), Xtep (01368.HK), Hisense Ha (00921.HK), and Yum China (09987.HK) fell by more than 2%. Yue Yuen (00551.HK) had a net profit growth of 1.2 times in the first half of the year, and its stock price rose by 6.3%. Bao Sheng (03813.HK) had a net profit growth of 10% in the first half of the year, and paid a special dividend of 4 cents. Its stock price rose by 5%. Car stocks Ideal (02015.HK), Xiaopeng (09868.HK), and Leapmotor (09863.HK) fell by 1.9% to 2.4%, while BYD (01211.HK) fell by 0.3%.

Real estate management stock V-Property (06098.HK) is expected to have a year-on-year drop of at least 34% in its net profit in the first half of the year, and its stock price fell by 5.3%. Real estate agency platform Ke Holdings (02423.HK) had a 43% drop in net profit in the first half of the year and did not pay dividends, but expanded its buyback plan to 3 billion US dollars, and its stock price rose by 7.7%. As for financial stocks, HSBC (00005.HK) rose 0.2% to 64.45 yuan, HKEX (00388.HK) fell 0.3%, and AIA (01299.HK) rose 1.4%. Mainland insurance stocks China Life (01339.HK), Ping An (02328.HK), and China Taiping (02601.HK) rose 1.6% to 2.3%.

In other stocks, the tense situation in the Middle East triggered an increase in oil prices, and CNOOC (00883.HK) rose 1.6%. Gas stock ENN Energy (02688.HK) rose 3%. Real estate stock Kowloon Development (01997.HK) and conglomerate stock Swire A (00019.HK) fell by 2.6% and 3.2%, respectively, while Swire Properties (01972.HK) rose 2%.