Market Performance: The Hang Seng Index (HSI) rose by 119 points (0.4%) to close at 26,749, with a total market turnover of $240.87 billion.

Active Heavyweights: Notable stock movements included Xiaomi (+2.8%), Alibaba (+2.2%), and HKEX (-1.0%), with significant short selling activity across these stocks.

Top Gainers: Xinyi Solar surged by 11.1%, Pop Mart increased by 6.6%, and New Oriental rose by 3.8%, all showing strong performance among HSI and HSCEI constituents.

High Performers in HSMI & HSSI: MMG and Flat Glass both saw significant gains of 11.5% and 10.4%, respectively, with several stocks hitting new highs during the trading session.

Company Overview: CAOCAO INC (02643.HK) is focused on creating a comprehensive mobility and business travel technology platform for both individual and corporate clients through acquisitions of StarRides and Geely Business.

Market Strategy: Citi reports that targeting corporate clients and high-end users is expected to enhance CAOCAO INC's average revenue per user (ARPU) and profit margins, while fostering customer loyalty and cross-selling opportunities.

Investment Rating: The company's stock rating remains a "Buy," with a target price set at HKD70, indicating confidence in its growth potential.

Short Selling Data: As of the latest report, CAOCAO INC has experienced short selling of $376.88K, with a short selling ratio of 0.626%.

CHANGAN AUTOMOBILE's Milestone: CHANGAN AUTOMOBILE received the first dedicated L3 autonomous driving license plate, "Yu AD0001Z," marking the start of its L3 autonomous driving era.

Market Reaction: Autonomous driving-related stocks, including CAOCAO INC, saw increased buying interest, with CAOCAO bouncing back to trade at HKD31.26 after reaching a peak of HKD31.76.

HORIZONROBOT-W Performance: HORIZONROBOT-W opened 2.52% higher, peaking at HKD9.5, and last traded at HKD9.34, with significant trading volume of 78.6202 million shares.

HESAI-W Trading Activity: HESAI-W also experienced a rise of 3.83% at open, reaching a peak of HKD183.1 before closing at HKD179, with a trading volume of 263,900 shares.

Market Performance: The Hang Seng Index (HSI) rose by 29 points (0.1%) to close at 25,498, while the Hang Seng Technology Index (HSTI) fell by 39 points (0.7%) to 5,418, and the Hang Seng China Enterprises Index (HSCEI) decreased by 2 points (0.0%) to 8,841, with a total market turnover of $162.38 billion.

Active Heavyweights: Notable movements included Xiaomi down 2.5% to $40.2, Alibaba down 1.3% to $144.1, and CCB up 1.2% to $7.52. HKEX and Meituan also saw slight increases, while Tencent remained unchanged.

Top Gainers and Losers: CSPC Pharma surged 6.5% to $8.01, Sinopec Corp rose 3.4% to $4.6, and HSBC Holdings increased by 1% to $118.7, reaching a new high. Conversely, CaoCao Inc dropped 12.3% to $28.96, and Yixin fell 10.7% to $2.58.

Airline Stocks Performance: China Eastern Airlines and China Southern Airlines saw significant gains, with increases of 8.1% and 5.6% respectively, while Air China rose 4.8%, all reaching new highs.

Market Performance: The Hang Seng Index (HSI) fell by 393 points (1.5%) to close at 25,235, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines of 1.7% and 1.8%, respectively, with a total market turnover of $201.53 billion.

Active Heavyweights: Major stocks like Alibaba, Xiaomi, and China Construction Bank saw significant declines, with Alibaba dropping 3% to $144.2 and Xiaomi down 2.2% to $40.9, alongside notable short selling activity.

Constituents on the Move: Stocks such as Zijin Mining and CKI Holdings experienced sharp declines, with Zijin Mining down 4.4% to $32.94 and CKI Holdings also down 4.4% to $53.4, reflecting increased short selling pressures.

Significant Declines in Smaller Stocks: Hao Tian International and CaoCao Inc faced substantial drops, with Hao Tian International plummeting 15.8% to $0.08 and CaoCao Inc down 11.4% to $32.8, indicating volatility in smaller market segments.