Hong Kong Market's Major Indices Continue to Rally, Hang Seng Tech Index Gains Over 2%, Zhipu AI Soars 11%

Deep News07-03

Major indices in the Hong Kong stock market continued their upward momentum, with the Hang Seng Tech Index rising more than 2%. Among the index constituents, Zhipu AI shares surged over 11%, while BYD Company Limited and Xiaomi Corporation saw gains exceeding 5%. Minimax and Kuaishou Technology also advanced more than 4%.

Research from Everbright Securities suggests maintaining a "barbell strategy" for the Hong Kong market. While performance in June was relatively weak, the valuation appeal has improved significantly following the pullback. Amid multiple intertwined factors, the Hong Kong market may maintain a volatile pattern in the short term. The recommended strategy is to uphold the "barbell approach," seizing structural opportunities during market fluctuations: the defensive end should anchor on high-dividend sectors, while the offensive end should focus on the AI industry chain and non-ferrous metal resource sectors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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