Internet giants collapsed! $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$, the king of HK stock, fell by 12% last Friday, while $NetEase(NTES)$ $NTES-S(09999)$ plunged by 24.6%!Last Friday, the draft release of "Network Game Management Measures" proposed restrictions on excessive use and high spending in games.As a result, the gaming stocks plunged, the $HSI(HSI)$ turned from up to down, and finally closed down 1.69%!On the macro side, the LPR rate remained unchanged last week, and the interest rate cut expectation was disappointed. However, state-owned banks including

This week, Hong Kong stocks saw huge swings. The $HSI(HSI)$ rose 0.53% for the week, dipping below the 20,000-point mark.On Monday, the Political Bureau of the Central Committee held a meeting to discuss China's 2025 economic plans. The key takeaways were clear: stabilize the housing and stock markets, manage risks in key sectors, and guard against external shocks. The meeting also called for more aggressive fiscal policies and moderately loose monetary measures to boost consumption and investment. There was a push to expand domestic demand.Some of the comments surprised the market, like the unprecedented mention of "strengthening extraordinary counter-cyclical adjustments" and the first shift in monetary policy since 2011, aiming for "moderately l

This week, the Hong Kong stock market continued to slide, with the $HSI(HSI)$ dropping 1%, hitting its lowest level since September 26th.Weak Earnings A number of internet companies released their third-quarter results this week, and the market reaction was far from positive. Stocks of $XPENG-W(09868)$ fell 3%, $KUAISHOU-W(01024)$ dropped 11.7%, $BIDU-SW(09888)$ slid 8.6%, and $PDD Holdings Inc(PDD)$ lost 10.6%.These internet giants are a key weight in the Hang Seng Index, making up over 30% of its total market cap. Their poor performance has significantly dampened market senti

This week, Hong Kong stocks saw a dip followed by a rebound, with the $HSI(HSI)$ ending the week down 0.43%.Nvidia led the rallyThe rebound wasn’t easy. On Monday, the Statistics Bureau released August CPI and PPI data. CPI rose 0.6% year-on-year, missing the expected 0.7%, while PPI fell 1.8%, worse than the forecasted 1.5%.Following the data release, A-shares fell continuously, with the Shanghai Composite Index nearing 2700 points!Fortunately, on Wednesday, the US August CPI came in at a 2.5% year-on-year increase, falling for the fifth consecutive month. Markets now expect the Fed to cut rates by 25 basis points at next week’s meeting.Meanwhile, $NVIDIA Corp(NVDA)$ CEO Jensen Huang revealed huge demand

This week, the Hong Kong stock market saw sharp swings, with the $HSI(HSI)$ rising 1.08% by the end of the week, following a series of significant events.Positive Economic Data from ChinaDomestically, there was some good news. On Tuesday, Caixin’s PMI for October came in at 52, the highest in three months, well above analysts’ expectations of 50.5. On Thursday, China’s customs data showed a 12.7% year-on-year increase in exports in October, far outpacing the expected 5% growth.Overseas Events and Market ReactionsOverseas, the US election result added to market volatility. Trump’s victory raised concerns about escalating trade tensions, causing a sharp drop in both Hong Kong and mainland stocks. However, the market rebounded on Thursday as expectati

This week, Hong Kong stocks repeatedly rushed, with $HSI(HSI)$ shooting up to a whopping 3.6% gain at one point, but then sliding back down, ending with just a 1.59% weekly increase.On the news, there were plenty of good news both at home and abroad. On Wednesday, the Canadian central bank lowered its interest rate by 25 basis points, from 5% to 4.75%, setting the ball rolling for G7 countries to cut rates.And on Thursday, the European Central Bank (ECB) decided to cut rates too – the first time since September 2019!In the US, AI stocks skyrocketed, with $NVIDIA Corp(NVDA)$ 's market cap surpassing $3 trillion. Semiconductor companies like $ASML Holding NV(ASML)$

This week, Hong Kong stocks made a steady rebound. The $HSI(HSI)$ rose 2.28%, closing near the 20,000-point mark.Positive Economic Data Drives Market Optimism On Monday, Caixin released China’s November manufacturing PMI, which came in at 51.5, the highest in seven months and far exceeding analysts' expectations. This indicates that the manufacturing sector is continuing to expand, driven by economic stimulus policies.With improving economic data, China plans to hold its annual closed-door Central Economic Work Conference next Wednesday to set economic targets and stimulus plans for 2025. The news sparked market speculation around more policy support, pushing stocks higher.Additionally, many major Wall Street firms expect China’s central bank to ma

Hong Kong stocks fought back last week, with the Hang Seng Index$HSI(HSI)$ falling below the 19000-point mark on Monday under the influence of the UBS$UBS Group AG(UBS)$ storm. Later, it recovered after the Federal Reserve duly raised interest rates by 25 basis points and the positive financial results for China Concept stocks. The Hang Seng Index rose 2.11% a week.In sector terms, the big gainers last week was industrial sector, with utilities the biggest losers:Southbound funds continue to buy HK $16.76 billion substantially:Key Events in Hong Kong Stocks Last Week1. Credit Suisse$Credit Suisse Group AG(CS)$ to be acquired by UBS

The global capital market tremor last week. Hong Kong stocks and A shares plummeted. $HSI(HSI)$ fell 3.6% in a week, approaching the 17000-point; $SSE Comp(000001.SH)$ fell below the 3000-point mark.On the news, the Palestinian-Israeli conflict has intensified, crude oil prices have risen, and the 30-year US bond yield has exceeded 5%, a new 16-year high, causing foreign investors to sell Chinese assets frantically.U.S. and European fund managers have sold a net $1.6 billion of Chinese stocks this month, according to data from EPFR Global and Morgan Stanley. Technology stocks including $Tencent(00700)$ $Tencent Holding

This week, the Hong Kong stock market remained stable, with the $HSI(HSI)$ declining by 1.03%.Key Economic DevelopmentsOn Monday, the PBOC authorized the National Interbank Funding Center to announce the latest Loan Prime Rates (LPR). The one-year LPR decreased to 3.10% from last month’s 3.35%, while the five-year LPR fell to 3.60% from 3.85%, marking a 25 basis point drop for both.In the same vein, the PBOC executed its first swap operations for securities, funds, and insurance companies, with an operation amounting to 50 billion yuan. This drew participation from 20 institutions, with CICC winning the bid.Additionally, the Chinese Academy of Social Sciences released a macro-financial analysis report for the third quarter, suggesti

Recently, the policy side is constantly good, bull engine securities stocks frequently change, but it takes time to stimulate the policy landing, coupled with the external market turmoil, superposition the Hong Kong stock market short-term rise is larger, last week the Hang Seng index $HSI(HSI)$ rose and fell 1.89%.In terms of the sector, on Monday, the National Development and Reform Commission issued 20 measures to promote consumption. Consumer stocks soared at one time, and Hong Kong stock EFUND LIQUOR ETF $EFUND LIQUOR(03189)$ rose more than 4% at one point. On Wednesday, the People's Bank of China again stressed that it would guide commercial banks to adjust the interest rate of stock personal housin