To The Moon

Two major events have dominated the direction of Hong Kong stocks last week.

1. On Tuesday, the National Bureau of Statistics released PMI data for October, which missed market expectations and triggered a correction in Hong Kong stocks;

2. On Thursday, the Federal Reserve decided not to raise interest rates. According to officials, the market expects that the probability of raising interest rates in January next year is less than 30%, and this round of interest rate hike cycle may be over.

After the FOMC, US stocks rose sharply, and global stock markets rebounded. Foreign investors bought A shares heavily for the second consecutive day. Hong Kong stocks also rose sharply, with $HSI(HSI)$ rising 1.53% in a week.

By sectors, healthcare and Internet sectors, which are more sensitive to interest rates, led the rally, and the rest of the sectors rose with the exception of real estate:

Southbound funds net inflow of HK $8.5 billion

Key Events in Hong Kong Stocks Last Week

1. $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ reported its third quarter results, and net profit increased by 82%;

2. The price of $CHINA VANKE(02202)$'s dollar bonds fell sharply, the yield soared to 50%, and the company responded that there was nothing wrong with the fundamentals;

3. A number of online platforms announced that they would display the real name of the head "we media" accounts at the front desk;

4.In October, the manufacturing purchasing managers' index (PMI) and non-manufacturing business activity index were 49.5% and 50.6%, respectively, down 0.7% and 1.1% from the previous month;

5. $Berkshire Hathaway(BRK.B)$ $Berkshire Hathaway(BRK.A)$ reduced its stake in $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ to 7.98%;

6. Central Financial Work Conference held;

7. The founder of $ZHEJIANG LEAPMOTOR TECHNOLOGY CO., LTD.(09863)$ promised not to reduce its holdings within 10 years;

8. $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ Mi14 became popular, multi-platform sales set a record;

9. New energy vehicles announced sales data in October, $Li Auto(LI)$ $LI AUTO-W(02015)$ broke 40,000 for the first time, and $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ broke the 20,000 mark.

10. $TINGYI(00322)$ announced price increases for some of its products;

11. $GUOQUAN(02517)$ landed on the Hong Kong Stock Exchange, closed flat on the first day of trading;

12. William Li, CEO of $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ , announced a staff reduction of about 10%.

Four Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ , the company officially launched on 14th last week, with hot sales data, setting a new record for the sales of domestic mobile phones on the four major e-commerce platforms in the past year, leading to a sharp rise in stock prices;

Top2: $Tencent(00700)$ $Tencent Holding Ltd.(TCEHY)$ , the company is back above HK $300 last week;

Top3: $SMIC(00981)$ , SMIC is up 7.69% last week and 24% in the last month. According to news, most of the semiconductor giants in the United States have released third quarter reports. The recovery of the mobile phone and PC markets has been confirmed by the management of many companies, and the semiconductor sector has soared;

Top8: $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ . Last week, New Energy vehicles released intensively October sales data. Xpeng's monthly sales exceeded the 20, 000 mark for the first time, driving the stock price up sharply.

This week's Hong Kong stock market events

1. The sixth CIIE will be held in Shanghai from November 5 to 10, focusing on the growth rate of turnover;

2. China's import and export data for October will be released this Tuesday, and we will pay attention to whether it meets expectations. This data reflects the economic situation and may have an impact on the stock market;

3. On Thursday, China will release CPI and PPI data for October, which will reflect the performance of the economy and pay attention to whether it meets expectations;

4. $Li Auto(LI)$ $LI AUTO-W(02015)$ will release earnings this Thursday before the U.S. market closes, focusing on financial data and performance guidance.