On March 12, Futu News reported that the three major US stock indexes continued to decline overnight, and today, the Hong Kong stock market opened higher but trended lower, with the Tech Index down over 1%, having once risen over 1% at the beginning of the session. By the lunch break, $Hang Seng Index (800000.HK)$ down 0.67%, $Hang Seng TECH Index (800700.HK)$ down 1.03%, $Hang Seng China Enterprises Index (800100.HK)$ down 0.63%.
As of the noon closing, 814 Hong Kong stocks rose, 996 fell, and 1300 closed unchanged.
In terms of sectors, most Network Technology stocks declined, with Bilibili-W down 4.49%, XIAOMI-W down 2.32%, MEITUAN-W down 2.04%, JD-SW down 1.81%, Alibaba-W up 1.27%, TENCENT down 1.16%, KUAISHOU-W down 0.60%, and NTES-S up 0.06%.
Hong Kong Retail Stocks fell, with PRADA down 9.12%, SAMSONITE down 3.77%, CHOW SANG SANG down 1.42%, and GIORDANO INT'L down 1.31%.
Digital Health stocks mostly declined, with JD HEALTH down 3.51%, ALI HEALTH down 3.11%, PA GOODDOCTOR down 0.97%, and ZA ONLINE down 0.94%.
The Asia Vets concept stocks are表现活跃, with SOTYJ increase of 11.18%, IMOTIONAUTOTECH increase of 6.40%, YJ Innovation increase of 5.42%, and Tuya Inc increase of 2.93%.
Autos stocks rose, with Great Wall Motor up 11.19%, NIO-SW up 7.88%, LEAPMOTOR up 5.10%, BYD Company up 2.23%, Geely Automobile up 1.51%, LI AUTO-W up 0.80%, and XPENG-W up 0.46%.
Macau Casino stocks mostly declined, with PARADISE ENT down 8.47%, MGM CHINA down 4.28%, WYNN MACAU down 3.99%, SANDS CHINA LTD down 2.58%, SJM HOLDINGS down 2.02%, GALAXY ENT down 2.02%, MELCO INT'L DEV down 1.67%, and MGM CHINA down 1.62%.
Lithium Battery stocks generally rose, with CNOOC Technologies up 6.42%, BYD Company up 2.23%, BYD Electronics up 1.41%, CHAOWEI POWER down 1.39%, LEOCH INT'L down 1.33%, Tianqi Lithium Corporation down 0.59%, TIANNENG POWER up 0.54%, and GANFENGLITHIUM closing flat.
In terms of individual stocks, $DOBOT (02432.HK)$ A nearly 24% surge, the company has released its first "agile operation + knee-walking" embodied intelligent humanoid robot.
$LEAPMOTOR (09863.HK)$ A rise of over 5% reached a new high, achieving positive net income in the last quarter of last year, humanoid robots are in the pre-research stage.
$SF HOLDING (06936.HK)$ A rise of over 4%, January's Company Business Data performance was impressive, the company has repurchased 0.758 billion yuan of A-shares cumulatively.
$WL DELICIOUS (09985.HK)$ A rise of over 5%, entering the market is expected to catalyze valuation enhancement, Institutions indicate sufficient growth momentum for the next three years.
$MINIEYE (02431.HK)$ Up more than 5%, the company secured the project for Volkswagen and Audi's smart cockpit, and it entered the Hong Kong Stock Connect this Monday.
Top 10 trading volumes for the half-day.
Editor/rice
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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