This week, the Hong Kong stock market saw a slight pullback, with the $HSI(HSI)$ down by 1.11% on the week.Xiaomi’s $3.3 Billion Stock PlacementThe big news that rattled investors came on Tuesday before market open, when $XIAOMI-W(01810)$ announced an equity placement of 800 million shares at HK$53.25 each, raising HK$42.5 billion. This is a 6.6% discount to the closing price the day before. The funds will be used for business expansion and R&D.The announcement caused Xiaomi’s stock to plummet by 6.3% on Tuesday, with trading volume hitting a record high of HK$71.8 billion.After $BYD COMPANY(01211)$ recently completed a massive equity placement raising HK$43

Technical Analysis on $KUAISHOU-W(01024)$ Breakout from a Long-Term Range Kuaishou traded within a well-defined range for approximately one year, fluctuating between 38.40 HKD (support) and 62.25 HKD (resistance). This prolonged sideways movement indicated indecision, with buyers and sellers keeping price contained within this zone. Significance of the Weekly Close Above Resistance A weekly close above 62.25 HKD, the highest level of the range, signals potential strength. Weekly breakouts hold more weight than daily closes, as they suggest sustained buying pressure rather than short-term spikes. If buyers maintain control, this breakout could lead to further upside movement. Projected Target Based on Range Height The height of the previous range

This week, Hong Kong stocks continued to rise, with the $HSI(HSI)$ gaining 5.6%, reclaiming the 24,000-point mark, and hitting a three-year high.Positive Economic Data Sparks OptimismLast weekend, China’s National Bureau of Statistics released its February manufacturing PMI data, showing a rise to 50.2%, back in the expansion zone and surpassing analysts’ forecast of 49.9%.At the same time, Caixin published its own February manufacturing PMI at 50.8%, up 0.7 percentage points and beating expectations, marking the highest in three months.With China’s highly anticipated Two Sessions meetings this week, the government announced key economic targets. The 2025 GDP growth target is set at around 5%, with a budget deficit rate around 4%. A moderately rela