News

Hong Kong Stock Market Performance: Hong Kong stock futures rose on settlement date, with the HSI increasing by 219 points (0.9%) to close at 25,854, while the HSCEI and HSTECH also saw gains of 1.1% and 1.7%, respectively, with total market turnover reaching $199.769 billion.
IPO Activity: ILUVATAR COREX (09903.HK) launched its IPO aiming to raise approximately $3.677 billion, indicating a strong interest in the market.
Chip Stocks Surge: BIDU-SW (09888.HK) and SMIC (00981.HK) experienced significant stock price increases of 8.9% and 4.2%, respectively, driven by market anticipation around new chip technologies and acquisitions.
Robotics Sector Growth: JD's partnership with Unitree Robotics led to a rise in robotics stocks, with INNOSCIENCE (02577.HK) and SANHUA (02050.HK) seeing substantial gains of 15.4% and 12.5%, respectively, reflecting growing investor interest in the sector.

Hong Kong Stock Market Performance: On the futures settlement day, the HSI rose by 267 points (1.05%) to 25,902, with a turnover of HKD139.669 billion.
Dobot's IPO Announcement: DOBOT's shares surged by 15.93% to HKD39.3 after announcing plans for an IPO of RMB ordinary shares and a listing on the Shenzhen Stock Exchange.
UBTECH Robotics Developments: UBTECH's stock increased by 9.37% to HKD130.7, with the CEO pledging not to sell his shares for 12 months and the company acquiring a 43% stake in FENGLONG for RMB1.665 billion.
Other Notable Stocks: SANHUA, JOHNSON ELEC, and FORTIOR also saw significant gains, with SANHUA up 12.59%, JOHNSON ELEC up 5.53%, and FORTIOR up 4.88%.

HKEX Tech 100 Index Launch: HKEX has introduced the HKEX Tech 100 Index, its first Hong Kong equity index, which tracks 100 major Hong Kong-listed companies across six innovative sectors, including AI and biotech.
Accessibility for Investors: The index allows for Stock Connect Southbound trading, making it accessible to both global and Chinese Mainland investors, and includes a fast-entry mechanism for newly-listed companies.
Short Selling Data: The article provides detailed short selling data for various companies within the index, highlighting significant short selling ratios for several constituents.
Market Performance: The report includes stock performance changes for various companies, indicating fluctuations in share prices alongside their respective short selling activities.

Market Performance: The Hong Kong stock market saw positive movement with the HSI closing up 175 points (0.7%) at 25,935, driven by increasing expectations for a Federal Reserve rate cut, while total market turnover reached HK$179.306 billion.
Tech Sector Gains: Major tech stocks like BABA, TENCENT, and JD-SW experienced modest gains, while stocks such as MEITUAN and BILIBILI saw more significant increases of over 2%, reflecting a strong performance in the tech sector.
Robotics Industry Boost: Stocks related to the robotics industry surged following reports of a US initiative to support the sector, with companies like SANHUA and HESAI-W seeing gains between 6.7% and 7.9%.
Automotive Sector Adjustments: Over 20 cities in mainland China have suspended or adjusted car trade-in subsidies, impacting automakers like BYD and GEELY, which still managed to see slight increases in their stock prices.

Market Performance: The HSI rose 48 points (0.2%) to 25,809, while the HSCEI and HSTECH also saw gains, with total half-day turnover reaching HKD92.278 billion.
FTSE China 50 Index Changes: CHINAHONGQIAO, CATL, and HENGRUI PHARMA were included in the index, showing positive growth, while CSC, GWMOTOR, and LI AUTO-W were excluded, with LI AUTO-W experiencing a decline.
Robotics Industry Surge: Stocks related to the robotics industry, such as SANHUA and JOHNSON ELEC, surged following reports of US initiatives to promote the sector, with significant gains noted across various companies.
Car Trade-in Subsidy Adjustments: Over 20 cities in China have halted or adjusted car trade-in subsidies due to depleted funds, negatively impacting car manufacturers like BYD and NIO, which saw declines in their stock prices.
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