Hong Kong stock opportunities tracking | The dual-primary listing of Alibaba-W on the Hong Kong Stock Exchange will take effect today; JD.com announced a $5 billion share buyback plan.
Anta's revenue in the first half of the year increased by 13.8% year-on-year, planning to spend billions of Hong Kong dollars for buybacks; Haidilao's revenue in the first half of the year was approximately 21.491 billion yuan, a year-on-year increase of 13.79%; Five departments issued a joint notice to improve the policy of duty-free shops in the city.
Mid-Day Overview | The three major indices are all up, with the tech index rising nearly 3%; JD.com leads the rise in network technology stocks with a more than 6% increase, while auto and golden industrial concept stocks are also strong.
Network technology stocks rose collectively, with jd.com up more than 6%, bilibili and netease up about 4%, baidu up more than 3%, xiaomi up 3%, alibaba and kuaishou up more than 2%, with meituan, tencent and others following the trend.
Hong Kong stock market outlook: China Hongqiao's net income for the first half of the year increased by 273% to 9.155 billion yuan; Hang Seng Index announced the quarterly results, involving multiple companies including New Oriental.
S&P, NASDAQ have risen for 7 consecutive days, and the three major indexes have achieved the largest weekly increase this year; important adjustments to the information disclosure mechanism for Shanghai-Hong Kong Stock Connect trading will be made on August 19; the expectation of a rate cut by the Federal Reserve has pushed gold up to $2,500, setting a new record high.
Mid-day overview | All three major indices collectively rose by over 1%, with jd.com leading the network technology stocks with a rise of over 7%, while Alibaba rose by about 3% after its earnings announcement.
Most of the network technology stocks rose, JD.com rose more than 7%, Baidu rose more than 3%, Alibaba rose nearly 3%, Meituan rose more than 2%, and Tencent rose more than 1%.
Intraday overview | Hong Kong stocks fluctuated slightly, wind power and eco-friendly concept stocks rose, bilibili dropped more than 7%, leading the decline in network technology stocks.
Hang Seng Index rose 0.17%, Hang Seng Tech Index fell 0.23%. Network technology stocks generally weakened, Bilibili fell more than 7%, SenseTime and Meituan fell more than 2%, Baidu fell more than 1%, while Kuaishou and JD.com followed suit; Xiaomi Group rose nearly 1%.
Weekly preview: Market focuses on USA's CPI in July! Chinese concept stock financial reports will be released intensively, Tencent and Alibaba taking turns to take the stage.
On August 15th, the National Bureau of Statistics will release macro data such as industrial added value and total retail sales of consumer goods for July. In addition, financial data such as new loans, M2, and total social financing scale will also be released.