[Hong Kong stock futures + ADR + Northbound capital (Stock Connect)] Night session futures up 91 points; BYD ADR also rises (updating continuously)

[Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/HK shares/night session/ADR] The night session rose by 91 points to 23,142 points. The China-concept stock index fell 1.3% to 5,942 points. BYD ADR outperformed Hong Kong stocks again by 1%.

Northbound capital outflows on the first trading day of the second half: $2 billion withdrawn; capital inflows to UP Fintech and iDreamSky, while large sellers offload Huahong Hongli and Greatek

Northbound capital saw net outflows of $1.97 billion. More net inflows went to UP Fintech (09880) and iDreamSky (02513). For the full day, they recorded inflows of $0.4 billion and $0.34 billion, respectively. Alibaba (09988) recorded net inflows of $0.3 billion. In terms of net outflows, Huahong Hongli (01347) and Greatek (01888) recorded net outflows of $1.72 billion and $1.41 billion, respectively.

At the start of the second half, Hang Seng index rose 174 points; BYD and CSPC up 8%, SMIC down one-tenth; XL two Southern Hynix and XL two Samsung each plunge more than 26%

Hong Kong stocks kicked off the second half with the overall market up more than 100 points. The Hang Seng Index opened higher by 190 points on the first trading day of July, opening at 23,071 points. It rose as much as 454 points, reaching a high of 23,335 points. The Hang Seng Index closed at 23,055 points, up 174 points, with turnover of $369.63 billion. The Tech Index fell 0.4% to 4,454 points. BYD (01211) and CSPC (01093) rose 8% each; SMIC (00981) fell one-tenth; Changfei Optic Fibre and Cable (06869) slumped 22%. XL two Southern Hynix (07709) and XL two Samsung (07747) fell by more than 26% each.

▲ [Hang Seng Index/HSI/Hang Seng Index/Hang Seng Index/HSI/Hang Seng Index/HK shares/night session/ADR] Hong Kong stock market conditions continue to be updated

US stock market updates are ongoing—see: Next page

Intraday performance:

【17：46】 【293】 Cathay Pacific plans to resume passenger flights between the Middle East starting September. Cathay Cargo will resume flights between Riyadh starting August

【17：37】 【1093】 CSPC and AstraZeneca signed a collaboration agreement to develop si RNA drugs; receive over $200 million in upfront payment, with R&D and sales milestones potentially bringing total proceeds of over $400k

【17：25】 HKMA: Funds and loan tenor for RMB business are expected to be extended and expanded further; even after total facility increases to $200 billion, banks’ reactions remain enthusiastic

【17：12】 [Hong Kong dollar time deposits] July’s high-yield ranking: HKD time deposit rates with top yield at 20 basis points; issuers suddenly roll out a 6 basis points ultra-high interest rate

【17：10】 [New stock IPO] PricewaterhouseCoopers raises its forecast for this year’s Hong Kong IPO fund-raising to $380 billion; ideal performance after listing boosts confidence for companies to come to Hong Kong

【16：59】 [Macao gaming stocks] Citi says the July concert effect could lift Macao’s gaming industry; however, JPMorgan says it’s still not the time to buy gaming stocks

【16：46】 [Japanese yen trend] The Japanese yen suddenly surged to the 161 level; the Ministry of Finance refused to comment. The Japanese government plans to shift toward a sudden intervention strategy to tackle yen speculation with short positions

【16：19】 [RMB internationalization] Yu Weiwen: It’s challenging for companies to use RMB overseas; discuss solutions with banks and Mainland policy departments

【16：08】 Hang Seng Index closed at 23,055 points, up 174 points, with turnover of $369.63 billion. The Tech Index fell 0.4% to 4,454 points. BYD (01211) and CSPC (01093) rose 8% each; SMIC (00981) fell one-tenth; Changfei Optic Fibre and Cable (06869) slumped 22%. XL two Southern Hynix (07709) and XL two Samsung (07747) fell by more than 26% each.

【15：48】 Changfei Optic Fibre and Cable (06869) slumped more than 22% in the closing minutes, hitting a low of HK$198.4.

【15：06】 Late-session gains in Hong Kong stocks narrowed to around 80 points; it fell back below the 23,000 level, closing at 22,959 points.

【14：38】 [Arthur Chan’s granddaughter] Even the Prince’s daughter has to抢貨 across the ocean! Bethany shows off ultra-beautiful gemstone jewelry; netizens are cheering for the brand—“must sell out fast, pre-order required”

【13：46】 [AI+Hang Seng Index] Hang Seng Index company partners with Digital港社群 to develop an AI-assisted design thematic index; Li Wenlong: improve index operation

【13：38】 The market’s advance narrowed further to nearly 150 points.

【13：28】 SMIC International (00981) fell one-tenth in the afternoon, down to 80.1 yuan. XL two Southern Hynix (07709) fell more than 22%, while XL two Samsung (07747) dropped 25%.

【13：28】 [Capital markets] Hong Kong ECM fundraising exceeded $346.3 billion in the first half, hitting a 5-year high; IPO fundraising has firmly secured the world’s second place

【13：17】 【1211】 BYD once rose nearly one-tenth; its self-developed 4-nanometer chip “Lingji A3” is expected to be installed on next year’s new “Voyah” models

【13：10】 [Broker report] JPMorgan cuts target prices for Hong Kong utility stocks; expects third-quarter share price to fluctuate within a range; valuations are already not cheap (with table)

【13：01】 Hong Kong stocks rose about 210 points in the early afternoon, to 23,091 points; turnover was $217.6 billion. The Tech Index rose 0.2% to 4,480 points.

【12：21】 [AI+1024] Kuaishou’s rumored “Ke Ling” AI is expected to complete $23.4 billion in financing, with Tencent involved; valuation reaches $140 billion

【12：00】 Hang Seng Index rose 273 points in the first half of the session, to 23,154 points; turnover was $213.39 billion. The Tech Index rose 0.6% to 4,499 points. ATM rose 2% to 4%. Auto and pharmaceutical stocks did well. BYD (01211) rose more than 8%, and CSPC (01093) rose 7%. Chip stocks fell back: SMIC International (00981) fell nearly 9%, while Huahong Hongli (01347) fell nearly one-tenth. XL two Southern Hynix (07709) and XL two Samsung (07747) each slumped 20% to 23%.

【11：53】 CSPC (01093) rose more than 7%; Wuxi Biologics (02269) rose more than 3%. China Biopharmaceutical (01177) rose half a percentage point.

【11：38】 The Hang Seng Index gained about 214 points at noon close, to 23,095 points, with turnover of $202.4 billion. The Tech Index rose 0.5% to 4,493 points.

【11：24】 [New stock IPO] PricewaterhouseCoopers raises its forecast for this year’s Hong Kong IPO fund-raising to $380 billion

【11：16】 The market’s advance narrowed further to about 160 points.

【11：03】 Gold stocks moved higher: Zijin (02899) rose more than 5%, Zijin Mining Gold International (02259) rose one-tenth, Zhaojin (01818) rose more than 7%, and Lingbao Gold (03330) rose more than 13%.

【10：50】 [Hong Kong Exchanges and Clearing] Report: LME is considering relaxing rules, including allowing outdoor storage of aluminum to overcome the issue of limited space in Hong Kong

【10：24】 The market’s rally trend eased; the Hang Seng Index is currently up about 250 points. Auto stocks led; BYD (01211) rose more than 8%.

【10：12】 [AI+pharmaceuticals] Absci (Inferr?) and Takeda Pharmaceutical reached an AI-enabled drug discovery collaboration. Deal value up to $4.7 billion. After the share price rose one-tenth, it then turned lower

【09：53】 iDreamSky (02513) fell nearly one-tenth to the 1,900 yuan level. MINIMAX (00100) fell more than 6%; Xunce (03317) rose more than 15%.

【09：47】 SMIC International (00981) fell 8%; XL two Southern Hynix (07709) fell 18%; XL two Samsung (07747) plunged two-tenths.

【09：45】 Alibaba (09988) and Xiaomi (01810) rose 4%; Tencent (00700) rose 3%; Meituan (03690) rose more than 7%.

【09：43】 After the opening of Hong Kong stocks, gains widened to over 400 points, bringing it back above the 23,300 level.

【09：29】 Auto stocks did well: BYD (01211) rose more than 4%, Geely (00175) rose more than 2%, Xiaomi (01810) rose more than 3%, while XPeng, Li Auto and NIO rose 0.4% to 4%.

【EVs】 One article to see clearly the performance of 6月 new energy vehicle companies: BYD sales over 400k; Leapmotor deliveries over 90k vehicles (updates ongoing)

【09：27】 [New stock IPO] Anker Innovations 668 opened at HK$99.3 with a low price below 0.1%; one lot lost about HK$2

【09：22】 Hang Seng Index opened higher by 190 points, to 23,071 points. Turnover was $7.26 billion. The Tech Index rose 1.3% to 4,528 points. Alibaba (09988) rose more than 2%, Tencent (00700) rose 3%, SMIC International (00981) fell nearly 6%. Korean stocks fell; XL two Southern Hynix (07709) and XL two Samsung (07747) slumped 15%.

【Asia-Pacific stocks】 KOSPI down more than 6%, Nikkei 225 down more than 2%, dragged by Meta’s plan to sell compute capacity + Apple’s plan to procure ChangXin storage and Yangtze Memory chips

【09：13】 Hang Seng Index futures night session rose about 220 points to 23,034 points.

【08：06】 【9988】 Alibaba and payments company to pay more than $4.6 billion to close the US illegal drug sales investigation

【07：45】 Hong Kong stocks are closed for the July 1 holiday. ADR performance was strong: Baidu’s US stock cumulative outperformance over Hong Kong stocks by 5%, JD’s US stock by 4%, Alibaba’s US stock by 3%. After the auto sector released data, it strengthened: BYD ADR outperformed Hong Kong stocks by 6%, XPeng’s US stock by 5%, Li Auto’s US stock by 4%.

More Hong Kong stock ADR and China-concept stock quotes:

【07：30】 Iran negotiation team said the US has belatedly apologized for the promise; a supervisory group will review the US violations; plus when Fed Chair Kevin Warsh spoke at a meeting of the European Central Bank, he said the Fed will open a new track, but refused to provide guidance on interest rates. Market investment sentiment is cautious; US stocks swung sharply: the Dow rose 423 points then turned down. The Dow closed at 52,305 points, down 13 points; the S&P 500 gave back 0.22%, while the Nasdaq fell 0.66%.

See immediately the US stocks close:

Hong Kong stock market situation from yesterday’s open—see: 【Hong Kong stock night session + ADR + Northbound capital】 Hong Kong ADRs were strong; auto stocks were robust; Alibaba’s US stock outperformed Hong Kong stocks by 3%