Market Update | NetEase rises over 4%, the major martial arts game "Yanyun Sixteen Sounds" launches on mobile today.

NetEase opened more than 4% higher, as of the time of writing, up 4.45%, at 147.9 Hong Kong dollars, with a transaction volume of 79.9547 million Hong Kong dollars.

Zhitong Finance4minutes ago

Express News | NetEase rose over 4% after Morgan Stanley upgraded its rating.

Breakings2minutes ago

In the "Market Review", the Hang Seng Index experiences a "three-day decline", with smartphone stocks weak, and Xiaomi and Sunny Optical under pressure.

Hong Kong stocks declined moderately today. The USA reported that the number of job vacancies rose to a six-month high in November last year, and the ISM services PMI for December rose to 54.1, exceeding expectations. This led the market to lower its hopes for the Federal Reserve to cut interest rates in the future. The Dow Jones and Nasdaq fell by 0.4% and 1.9% respectively overnight. At the time of writing, the yield on USA 2-year Bonds is at 4.289%, and the yield on USA 10-year Bonds is at 4.679%. The US dollar index rose to 108.84, with Dow futures up 88 points or 0.21%, and Nasdaq futures recently up 0.2%. The onshore Renminbi fell by 42 points, reporting 7.3317 against the US dollar.

AASTOCKSJan 8 17:03

Hong Kong market quick look | Hong Kong stocks narrowed in losses in the afternoon, the Hang Seng Index fell nearly 1%; tech and Apple Supplier stocks declined, SUNNY OPTICAL dropped over 7%, Xiaomi fell nearly 4%; Weichai Power surged over 11%.

Network Technology stocks weakened, XIAOMI-W fell 3.95%, NTES-S rose 2.98%; Coal Industrial Concept stocks weakened, YANKUANG ENERGY fell 4.73%, KINETIC DEV fell 3.94%; Many Mobile Game stocks declined, INFINITIES TECH rose 10.00%, BOYAA fell 8.88%;

Futu NewsJan 8 16:23

Morgan Stanley's investment rating and target price for Chinese Network Technology stocks (table)

Morgan Stanley released a report stating that it has updated the investment ratings and Target Prices for Chinese Network Technology stocks: Stock │ Investment Rating │ Target Price Tencent (00700.HK) │ Shareholding │ HKD 570 Trip.com (TCOM.US) │ Shareholding │ USD 81 MEITUAN-W (03690.HK) │ Shareholding │ HKD 200 TONGCHENGTRAVEL (00780.HK) │ Shareholding │ HKD 25 NetEase (NTES.US) │ Shareholding │ USD 108 Full Truck (YMM.US) │ Shareholding │ USD 10 New Oriental (EDU.US) │ Shareholding │ USD 83 PDD Holdings

AASTOCKSJan 8 16:09

Morgan Stanley: Chinese Network Technology stocks face internal and external uncertainties this year, with Tencent (00700.HK) as the top pick.

Morgan Stanley published its outlook report on Chinese Network Technology stocks for this year, indicating that the Industry may face both external (tariffs, sanctions) and internal (policies, competition) uncertainties. The firm expects Network Technology companies to expand into AI, increase overseas Business expansion, and focus on capital returns, naming Tencent (00700.HK) as the top choice in the Industry. They assigned a 'Shareholding' rating to Trip.com (TCOM.US) and Meituan (03690.HK); they provided a 'Market Perform' investment rating for Alibaba (BABA.US), JD.com (JD.US), Kuaishou (01024.HK), and Baidu (BIDU.US). The firm indicated according to detailed...

AASTOCKSJan 8 16:08