On August 15th, according to Cailian Press, the Hong Kong stock market rebounded and fell today, and short-term trading activity picked up slightly. As of the close, the Hang Seng Index fell slightly by 0.02%, the National Index rose by 0.17%, and the Hang Seng Technology Index fell by 0.33%, relatively the weakest performance.

Let's take a look at today's market hotspots: The Hang Seng Index rebounded and encountered pressure again, and short selling continued; insurers increased their stake, the high-interest dividend market restarted, technology leaders' performance rebounded, and Alibaba is expected to complete dual primary listing.

The Hang Seng Index rebounded and encountered pressure again on the market for shorts.

On the stock market, core technology stocks continued to be weak, with Alibaba down more than 2%, Baidu, Kuaishou, Tencent, and JD.com down more than 1%, and Netease up nearly 4% and Xiaomi up more than 2%.

In other hotspots, coal stocks rebounded, military, transportation, and telecommunication stocks rose together. In addition, gaming stocks continued to be strong today, and pharmaceutical, electrical utilities, and financial stocks also became active.

Looking at the decline of sectors, Hong Kong-based consumer companies have performed poorly, with heavy machinery and sporting goods stocks falling across the board, and pork industry stocks experiencing a pullback.

Overall, the Hang Seng Index attempted to rebound today, but encountered pressure again around 17300 points. The Hang Seng Index's turnover today was significantly increased compared to the previous few days, reaching 87.935 billion Hong Kong dollars, and the total short selling amount was 12.51 billion Hong Kong dollars, accounting for 14.23% of the short selling funds, which was equivalent to the average level of the previous five days.

Alibaba-SW, Tencent Holdings, and Meituan-W have the top three short selling amounts, which are 1.178 billion Hong Kong dollars, 1.135 billion Hong Kong dollars, and 0.496 billion Hong Kong dollars, respectively.

As for the high-interest dividend market, the signals of insurer's increase of staking should be noticed.

In terms of trends, today's sectors with the highest cumulative increase this week, such as coal, transportation, and Apple suppliers, have strengthened again.

Interestingly, in addition to the boost of the peak season factor, there are more negative factors in the news of sectors such as coal and transportation, with the China Electricity Council predicting that the spot price of coal will continue to fluctuate weakly in the later period; recently, shipping rates have also continued to decline, and as of last week, container shipping prices showed a five-week decline trend.

Some analysts say that market style may turn to high-yield dividends again, combined with the recent signals of insurers increasing their stake, it is worth investors' attention.

Data disclosed by HKEX shows that Rui Zhong Life recently increased its holding of China Tourism Group Duty Free Corporation H shares to trigger stakeholding.

As of August 14th, insurance institutions have increased their stakes in A-share and Hong Kong-listed companies a total of 11 times, surpassing the total of nine times in the whole year of last year, and the number of stakeholdings has reached a new high in nearly four years.

And the main directions that insurers increase their stakes involve industries such as utilities, eco-friendly concepts, transportation, and banks with obvious high-yield property of dividends.

In addition, following Tencent's announcement of positive Q2 earnings yesterday, two technology leaders also released financial reports today.

Lenovo Group announced that its revenue for the last quarter was 15.45 billion US dollars, a year-on-year increase of 20%, and its net income was 0.2434 billion US dollars, a year-on-year increase of 38%, both exceeding expectations.

Alibaba also released its earnings for the quarter ending in June after the close, with revenue of 243.24 billion yuan, a year-on-year increase of 3.9%, and adjusted pre-tax depreciation and amortization profit of 51.16 billion yuan, down 1.7% year-on-year.

Alibaba also released its quarterly performance as of the end of June after market close, with revenue of 243.24 billion yuan, a year-on-year increase of 3.9%, and adjusted EBITDA of 51.16 billion yuan, a year-on-year decrease of 1.7%.

The financial report also shows that in the quarter, Taotian Group's commodity transaction volume (GMV) increased by a high single-digit percentage year-on-year. The number of buyers and purchase frequency continue to increase, and the order volume achieved a double-digit increase year-on-year.

Overall, the performance of technology leading stocks is showing a collective recovery trend, which is worth further tracking by investors.

In addition, Alibaba executives stated that if the shareholders' meeting approves, the expected dual primary listing in New York and Hong Kong will be completed at the end of August. According to previous market expectations, Alibaba is expected to attract southbound funds at that time.

According to the previous position reports, domestic private equity giants, Jinglin Assets and HHLR Advisors, a secondary market fund under Gao Ling, increased their holdings of Alibaba shares in the second quarter.