To The Moon

Hang Seng Index $HSI(HSI)$ soared 4% last Friday, staged an epic rebound! On the news, in the first half of the week, Hong Kong A shares fell and the Hang Seng Index narrowly held 18000 points due to the lower-than-expected PMI data from China's official manufacturing sector. On last Thursday, Caixin's May PMI data unexpectedly exceeded expectations, showing signs of recovery in the Chinese economy. Hong Kong A shares rebounded, and Hong Kong stocks exploded last Friday, with the Hang Seng Index soaring 4% after a sharp rise in Chinese stocks last Thursday night. At the moment, the main debate plaguing Hong Kong stocks is whether the domestic economic recovery is in line with expectations, and if economic indicators confirm the recovery, Hong Kong stocks are expected to continue to rebound. Among sectors,, the biggest gainer last week was information technology: Southbound funds saw a rare outflow of HK $6.9 billion last week: Key Events in Hong Kong Stocks Last Week 1. NetEase $NetEase(NTES)$ 's first-quarter results beat expectations, sending its share price up more than 7% at one time. 2. Benefiting from the decline of coal prices and the early peak of electricity consumption, Hong Kong thermal power stocks soared. 3. When the e-commerce war started, JD.com $JD.com(JD)$ $JD-SW(09618)$ and East Buy $EAST BUY(01797)$ delivered good news and saw their stock prices soar. 4. Blue Bird $Blue Bird(BLBD)$ , Indonesia's largest taxi operator, plans to convert 80% of its electric vehicles to BYD $BYD Co., Ltd.(BYDDY)$ $BYD COMPANY(01211)$ electric vehicles. 5. There are reports that the mainland will relax relevant policies on the real estate industry, and real estate stocks have soared. 6. Several Fed officials said that "interest rate hikes can be temporarily suspended in June." 7. New energy car manufacturers released sales data in May, showed collective recovery. 8. Bilibili $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ released the first quarter, which fell short of market expectations and the stock price fell against the trend. 9. Live TV and radio broadcast brought good news, and the stock price soared 48% in a day. Four Stocks Worth Attention Among Top Trading HK Stocks Last Week Top1: Meituan $MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ , the stock price has been weak since Meituan released the first quarterly report, fell more than 13% at one point last week. Top5: JD.com Group $JD.com(JD)$ $JD-SW(09618)$ , Preliminary sales data show that the growth rate of various categories is higher than the same period last year on May 31, led to a rebound in JD.com 's share price. Top7: East Buy $EAST BUY(01797)$ , the stock price soared after affected by the one-day GMV hit a record high, the weekly increase reached an astonishing 30.6%. Top8: Bilibili $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$ , the first quarter missed market expectations, revenue growth slowed, the number of active users declined month-on-month, and bilibili bucked the trend. Next week's Hong Kong stock market events 1. Caixin services PMI data for May will release on Monday. 2. China's May export data will release on Wednesday. 3. China May CPI data will release on Friday, and Nio $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ will report its earnings.