Futu News reported on August 11 that the Hang Seng Index opened higher today and is now up 2.24% or 547 points to 24,924 points.

Among the new economy stocks, Tencent rebounded strongly today and is now up 3.88%, compared to a sharp decline of 9% in the previous two days. According to a research report published by Damo yesterday, Tencent's revenue in the US is limited, but the company's investment in the US and the growth prospects of game globalization may be hazy. The target price is 500 Hong Kong dollars, and the rating is “increasing”.

Meituan rose 1.7%, and its stock price rose 18% in seven days.

Ali, Xiaomi, and Jingdong all rose more than 1%.

Among the remaining new economy stocks, SMIC and Zhongan Online rose slightly, New Oriental Online and Ping An Good Doctor fell nearly 2%, and Reading Wen Group fell more than 3%.