Hong Kong stock market afternoon review | The three major Indexes have all fallen, with the technology Index dropping by 0.49%; the 5G Sector and Lithium Battery Sector show strength against the trend, ZTE soaring over 7%, and BYD shares rising over 2%.

Network Technology stocks fell, with Alibaba-W dropping 1.48% and JD-SW declining 1.25%; Building Materials stocks generally declined, with CHINA TIANRUI falling 9.09% and CONCH CEMENT down 2.79%; Hong Kong Retail Stocks rose, with BONJOUR HOLD decreasing 4.74% and PRADA increasing 2.66%.

Futu News12:17

Express News | Xiaomi will be able to self-develop and manufacture Air Conditioners next year, with bids for related projects for large smart appliances underway.

BreakingsDec 16 18:14

Xiaomi an Attractive Bet on Strong EV Business Growth -- Market Talk

WSJ11:09

Morgan Stanley: Reiterates KINGSOFT 'Shareholding' rating, raises Target Price to 41 Hong Kong dollars.

Morgan Stanley released a research report stating that it believes KINGSOFT's (03888) gaming business is performing strongly, and the renewed partnership between Kingsoft Cloud and Xiaomi brings considerable upward potential for market expectations regarding KINGSOFT. The firm reiterated its 'Shareholding' rating on KINGSOFT and raised the Target Price from HKD 36 to HKD 41. Morgan Stanley pointed out that gaming and cloud services collaboratively boost earnings estimates, raising KINGSOFT's earnings per share forecasts for 2025 and 2026 by 6%, which are 16% and 18% higher than market predictions, respectively, considering the current PE prediction of 17 times for 2025 to be attractive.

Sina Hong Kong Stock10:49

IDC predicts that next year, the shipment volume of Smart Phones in China will increase by 1.6% year-on-year.

IDC Consulting published a research report on the top ten insights for the China Smart Phone market in 2025, pointing out the central government's determination to improve market confidence, promote economic stabilization and recovery, which will stimulate Consumer spending, and may increase subsidies for Smart Phones, encouraging more Consumers to upgrade their devices. Currently, it is forecasted that the shipment volume in the China Smart Phone market will reach 0.289 billion units in 2025, representing a year-on-year growth of 1.6%, with the shipment volume remaining stable in the coming years. IDC noted that the performance of the China Smart Phone market has steadily recovered since the fourth quarter of last year, and the pent-up demand for upgrades that has accumulated over the past three years is gradually being released, despite negative factors such as economic weakness and rising costs.

AASTOCKS09:28

Guo Jiayao: The Nasdaq hits a new high, Hong Kong stocks are weak, but the outlook for Xiaomi (01810.HK) remains optimistic.

Guan Jiayao, the Business Development Director of the Harbor Family Office, stated that the US stock market developed unevenly on Monday (16th), with technology stocks performing prominently, and the Nasdaq reaching a new high, while the three major Indices closed with mixed results. The US dollar fluctuated weakly, the yield on ten-year US Treasury bonds rose to 4.4%, and both gold and oil prices trended downward. Hong Kong stock pre-market securities generally fell, and the overall market is expected to open lower. The mainland stock market dropped yesterday, with the Shanghai Composite Index opening high but closing down 0.2%, and the trading volume in the Shanghai and Shenzhen markets also decreased. The Hong Kong stock market trended downward, with the latest economic data from the mainland falling short of expectations, causing market concerns about a lackluster macroeconomic recovery, leading to continued downward pressure on the overall market.

AASTOCKS09:25