Futu News on July 28, the main index of Hong Kong stocks rebounded in early trading. As of press time, the Hang Seng Technology Index rose 1.63% and the Hang Seng Index rose 0.50%.

Tencent rallied in early trading and is now down nearly 3%, with its share price as low as HK $426, the lowest since June last year.

As of July 27, the proportion of Tencent's latest Bull-Bear Street goods is 85.2-14.8. According to Futu Niuniu, Niuzheng Street heavy cargo area in the recovery price range of HK $420-429.99, the latest Niu Zheng represents 375000 shares, an increase of 215000 shares over the previous trading day.

Xiaomi is up nearly 3%. On July 27th, in response to media reports that "Xiaomi cars will settle in Hefei", Xiaomi responded that "everything is subject to official disclosure", along with Weibo, which was refuted by Wang Hua, general manager of Xiaomi's public relations department, to the recent rumors.

Earlier, there were media reports that Anhui SASAC was in contact with Xiaomi, which may be settled in Hefei. The news also said that Jianghuai Automobile may be a contract manufacturer for Xiaomi Automobile. The first model of Xiaomi car is likely to focus on the market of less than 200000 yuan, and will layout the power exchange business.

Most of the other new economy stocks rebounded, with New Oriental online and JD.com Health up nearly 10%, Mingyuanyun up nearly 8%, NetEase, Weimeng and Huahong Semiconductor up nearly 6%, Kuaishou and Ali Health up more than 3%, and JD.com and Meituan up nearly 2%.