Futu News on Aug. 12, the Hang Seng Index rose in the afternoon and is now up 1.19% at 25186 points.

The decline of Hong Kong star stocks narrowed across the board, with Tencent rising 0.58%. The results will be released today.

BABA and XIAOMI fell slightly, and according to media reports, BEST INC, who is involved in BABA's investment, is seeking to list his express delivery and freight business in Hong Kong.

JD.com and Meituan fell more than 1 per cent, after Meituan fell nearly 7 per cent. JD.com Express has reached cooperation with more than 100 colleges and universities to exclusively guarantee the delivery of admission notices.

Among the other new economy stocks, Zhongan Online fell more than 2%, Semiconductor Manufacturing International Corporation fell 2.8%, and France and Pakistan maintained SMIC's target price of HK $23 and its "underweight" rating.

Alibaba Health Information Technology and Ping An Healthcare And Technology are both down more than 3%, New Oriental Education & Technology Group online is down more than 5%, and China Literature is down more than 10%.