To The Moon

Hong Kong stocks were flat last week, with the $HSI(HSI)$ dipping just 0.01%.

On the news, the US March CPI rose 3.5% year-on-year, a new high since September last year, and higher than the market's 3.4% expectation, dashing hopes of a June rate cut.

Domestically, China's March CPI growth narrowed to 0.1%, down from 0.7% in the previous month. And after three months of gains, the CPI fell 1.0% month-on-month.

In terms of sectors, $CHINA VANKE(02202)$ again burst the negative, following the cooperation company "whistleblowing", Vanke Jinan company general manager was taken away by the police for investigation, the stock price fell sharply, the entire industry has been affected:

Despite the bad news, southbound funds continued to flow into Hong Kong stocks, with a net inflow of HK$23.1 billion last week.

Next Tuesday, China will release its March and first-quarter economic data, which is expected to have a significant impact on the market.

Key Events in Hong Kong Stocks Last Week

1. $Alibaba(BABA)$ $Alibaba(09988)$ Cloud slashed prices across its overseas markets by an average of 23%;

2. The National Press and Publications Administration approved 14 imported online games for April;

3. $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ 's South African shareholder Naspers sold off about HK$60 billion worth of shares last year, reducing its stake from 26.93% to 24.96%;

4. $CHINA TIANRUI(01252)$ saw its stock price plunge 99.04% in the last 15 minutes of trading, prompting a trading halt;

5. Jack Ma praised the new management team led by Joe Tsai and Wu Yongming in a post on $Alibaba(BABA)$ $Alibaba(09988)$ 's internal network, saying the company is back on track for healthy growth;

6. Fitch Ratings maintained China's sovereign credit rating but downgraded its outlook to "negative";

7. China's March CPI growth narrowed to 0.1%, while PPI fell 2.8% year-on-year;

8. China's auto sales in March reached 2.694 million units, up 9.9% year on year;

9. $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ officially announced its entry into the Hong Kong and Macao market, with deliveries expected to start in Hong Kong in the third quarter of this year;

10. The Hong Kong government is considering new tax rules;

11. The higher-than-expected US March CPI dashed hopes of a June rate cut;

12. $Morgan Stanley(MS)$ raised its target price for $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ by 14% to HK $20;

13. Spot gold $Gold - main 2406(GCmain)$ hit a record high above $2,400 per ounce;

14. The State Council recently issued a guideline on strengthening regulation, forestalling risks and promoting the high-quality development of the capital market.

Four Stocks Worth Attention Among Top Trading HK Stocks Last Week

1.Top 1: $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ has been heating up since the launch of its new SUV, the SU7. $Morgan Stanley(MS)$ raised its target price by 14% to HK $20, citing optimism for its auto business.

2.Top 5: $CHINA TIANRUI(01252)$ saw its stock plummet 99.04% in a flash crash on Tuesday, turning it into a penny stock and attracting some speculative traders.

3.Top 8: $CHINA VANKE(02202)$ took another hit after its Jinan general manager was hauled in by the police, sending its stock and bonds tumbling again.

4.Top 9: $KEEP(03650)$ skyrocketed 47% last week as institutions predicted profitability next year.

This week's Hong Kong stock market events

1.This Tuesday, China will release its first-quarter GDP, March retail sales, industrial production, and unemployment data, which are expected to have a significant impact on the stock market.

2.The US earnings season is kicking off this week, with companies like $ASML Holding NV(ASML)$ and $Taiwan Semiconductor Manufacturing(TSM)$ releasing their financial reports and guidance, which could have an impact on their Hong Kong peers.