Futu News on April 8, the Hang Seng Index expanded again in the afternoon, returning to the 29000 level. As of press time, it is now up 1.27%, or 363 points, at 29038.

BABA rose by more than 1%. Macquarie published a research report that lowered BABA's target price to HK $359 and maintained its outperform rating, arguing that most of the recent risks had been reflected in the stock price. The bank said that after discussions with the company, it believes that investment will have a greater impact in the new fiscal year, that is, after the June quarter, it is estimated that the company's March quarter will be dragged down by investment in new businesses such as community group buying, reducing the company's quarterly non-universal accounting standard EBITA forecast for March from 35.5 billion yuan to 27.6 billion yuan, compared with market expectations of 33.5 billion yuan.

In addition, Daiwa released a research report that lowered the target price of BABA-SW by 7.7% from HK $325 to HK $300, maintaining its "buy" rating.

XIAOMI fell 0.57%. XIAOMI TV official Weibo Corp released the "instructions on adjusting the official suggested retail prices of some product models of XIAOMI TV and Redmi TV". XIAOMI pointed out in this announcement that due to changes in supply and demand in the global market, epidemics, and exchange rate changes, the prices of many kinds of TV core components, including display panels and chips, have continued to fluctuate sharply recently, and the quotation for core components will continue to rise for a long time in the future.

Tencent fell 0.64%, and the intraday turnover exceeded 140 billion Hong Kong dollars.

Tencent announced this morning that Prosus, the controlling shareholder, intends to sell a total of 192 million shares for a total consideration of HK $114.175 billion, or about 2 per cent of the total number of shares issued. Daiwa said that it is expected that the reduction of Tencent's holdings by shareholders will put pressure on the stock price in the short term, but at the same time, it believes that investors will be given the opportunity to buy, and it is believed that as long as the company launches the anticipated games earlier, its online game business revenue will still be strong.

Bilibili Inc. fell by more than 2%. Bilibili Inc.-SW is in talks to buy a 24 per cent stake in game developer Youku.com, its headquarters in Shanghai and nearly Rmb700m in debt, in a deal worth nearly Rmb5 billion, Reuters reported.

A spokesman for Bilibili Inc. denied that he was seeking a deal with the tourist network.

NetEase, Inc rose more than 2%, Meituan rose 0.94%, JD.com and Baidu, Inc. fell more than 1%.

Hua Hong Semiconductor rose by more than 6 per cent. Alibaba Health Information Technology is up more than 2%, JD Health and China Literature are up more than 1%, Semiconductor Manufacturing International Corporation is down 0.18%, and Zhongan Online is down 0.31%.

According to Futu Securities's Hong Kong stock trading hot list today, the top stocks include Tencent, XIAOMI, Semiconductor Manufacturing International Corporation, COSCO Shipping Holdings, BABA, Meituan, Xinxin Company and Baidu.