To The Moon

Hong Kong stocks showed impressive performance this week, with the $HSI(HSI)$ up 2.77%.

China released CPI and PPI data: June's CPI rose 0.2% year-on-year, marking the fifth consecutive monthly increase but slightly below analyst expectations. Meanwhile, PPI fell 0.8% year-on-year, continuing its decline for the 21st consecutive month.

Overseas, the United States came a heavy positive, its June CPI rose 3%, slightly lower than expected 3.1%, further decline from the previous value of 3.3%, and decreased by 0.1% month-on-month, marking the first negative change since May 2020.

As a result, market expectations for a September interest rate cut have risen to 80%!

In terms of sectors, real estate and healthcare led the gains this week due to their sensitivity to interest rates, while utilities and energy sectors declined.

Southbound funds maintained net inflows, but at a smaller rate than in previous weeks:

Looking ahead, the 20th Central Committee's third plenary session will convene in Beijing next week, with expectations high for new economic stimulus policies that could significantly impact the market.

Key Events in Hong Kong Stocks This Week

1. New energy vehicle retail sales in June reached 856,000 units, up 28.6% year-on-year.

2. State Council's executive meeting approved the "Comprehensive Plan to Support the Development of Innovative Drugs" throughout the entire chain.

3. Hong Kong's first listed "laser radar" company, $ROBOSENSE(02498)$ , experienced a flash crash.

4. $CHINA SHENHUA(01088)$ expects a year-on-year net profit decline of 8.1% to 14.1% for the first half of the year.

5. $Best Buy(BBY)$ 's fans base dropped below 30 million.

6. $Apple(AAPL)$ iPhone 16's production target raised to 90 million units.

7. $NONGFU SPRING(09633)$'s controlling shareholder plans to increase holdings by up to HK$2 billion.

8. $CHINA VANKE(02202)$ expects a net loss of 7 billion to 9 billion yuan for the first half of the year.

9. IDC reported a 3% year-on-year increase in global PC shipments in Q2.

10. $BIDU-SW(09888)$ 's autonomous driving service platform, "Apollo Go," saw a surge in orders.

11. Jack Ma returned to China and appeared at $Alibaba(09988)$ 's headquarters.

12. US CPI cooled significantly in June, boosting expectations of a Fed interest rate cut in September.

Four Stocks Worth Attention Among Top Trading HK Stocks This Week

Top 3: $BIDU-SW(09888)$ surged due to reports of a surge in orders for its autonomous driving service platform, expected to achieve full profitability by 2025.

Top 5: $Alibaba(09988)$ saw gains as Jack Ma returned to the company's headquarters, with expectations of inclusion in the Hong Kong Stock Connect as early as September.

Top 7: $COSCO SHIP HOLD(01919)$ plummeted due to easing tensions in the Middle East impacting European shipping contracts.

Top 9: $FANGZHOU JIANKE(06086)$ dropped sharply on its debut, cooling the hot new stock market trend.

Next Week's Hong Kong Stock Market Events

1. Next Monday, China will release economic data such as GDP, housing prices in 70 large and medium-sized cities, industrial added value above designated size, retail sales of consumer goods and unemployment rate.

2. Next week, $ASML Holding NV(ASML)$ $Taiwan Semiconductor Manufacturing(TSM)$ and other semiconductor giants will announce financial results, which is expected to have a greater impact on the US stock market and the semiconductor industry, as well as Hong Kong stocks and corresponding sectors.