[Hong Kong Stock Exchange night futures + ADR + Northbound capital] Night futures close up 10 points; BYD ADR rises again (updated continuously)

[Hang Seng Index / 恒生指數 / Hang Seng Index / Hang Seng Index / HSI / Hang Seng Index / 港股 / Night Futures / ADR] Night futures close up 10 points, closing at 23,061 points; the Mainland China concept stock index fell 1.8%, closing at 5,912 points. By agreement, BYD ADR rose another 2% versus Hong Kong shares.

Southbound capital outflows on the first trading day of the second half: $2 billion outflow; funds inflow to Youbi Selected Intelligence and more big sells for Huahong Hongli and Jian Tai stacked film

Mainland capital outflow of $1.97 billion. Compared with others, net inflows were mainly to UNI Best (09880) and Zhipu (02513), with the whole day recording $400 million and $340 million respectively. Alibaba (09988) recorded $300 million in net inflows. For net outflows, Huahong Hongli (01347) and Jian Tai stacked film (01888) recorded net outflows of $1.72 billion and $1.41 billion respectively.

The Hang Seng Index starts the second half up 174 points; BYD and Shiyao up 8%; SMIC down 10%; XL二南 7709 and 7747 fall more than 26%

Hong Kong stocks kick off the second half with the overall market up more than 100 points. The Hang Seng Index opened high by 190 points on the first trading day in July, opening at 23,071 points, and rose as much as 454 points to a high of 23,335 points. The Hang Seng Index closed at 23,055 points, up 174 points. Turnover was 369.63 billion HKD. The Tech Index fell 0.4% to 4,454 points. BYD (01211) and CSPC (01093) each rose 8%; SMIC (00981) fell by one tenth; Changfei Optics Fiber and Cable (06869) dropped 22%. XL二南 Nanya (07709) and XL二南 Samsung (07747) each fell more than 26%.

▲ [Hang Seng Index / 恒生指數 / HSI / Hang Seng Index / Hang Seng Index / HSI / Hang Seng Index / HK Stocks / Night Futures / ADR] Hong Kong stock market conditions keep updating

US stocks dynamics keep updating—see the details on: Next page

Intraday moves:

[17:46] [293] Cathay Pacific plans to resume passenger flights between the Middle East from September; Cathay cargo resumes flights between Riyadh from August

[17:37] [1093] CSPC and AstraZeneca sign partnership agreement for developing si RNA drugs; first payment of more than $200 million; research and sales milestones—maximum over $400k

[17:25] HKMA: Funding purposes and loan tenors for RMB business are expected to be extendable; after total facility increases to $200 billion, banks’ responses still remain enthusiastic

[17:12] [HKD time deposits] July high-yield ranking for HKD time deposits: highest HKD time deposit rate at 20% per annum; issuers suddenly push to 6% for ultra-high interest

[17:10] [IPO] PwC raises its forecast for Hong Kong IPO fund-raising this year to $380 billion; ideal performance at listing boosts companies’ confidence in coming to Hong Kong

[16:59] [Macao gaming stocks] Citigroup sees July concert effects could boost Macao’s gaming industry; however, JPMorgan says the timing to buy Macao gaming stocks has not yet arrived

[16:46] [Japanese yen trend] Japanese yen suddenly surges to the 161 level; Japan’s Ministry of Finance refuses to comment; the Japanese government plans to shift to sudden intervention in exchange-rate strategy to address short positions in yen speculation

[16:19] [RMB internationalization] Yu Weiwen: Using RMB overseas for enterprises is challenging; will work with banks and mainland policy departments to find solutions

[16:08] Hang Seng Index closed at 23,055 points, up 174 points; turnover 369.63 billion HKD; Tech Index fell 0.4% to 4,454 points. BYD (01211) and CSPC (01093) each rose 8%; SMIC (00981) fell by one tenth; Changfei Optics Fiber and Cable (06869) dropped 22%. XL二南 Nanya (07709) and XL二南 Samsung (07747) each fell more than 26%.

[15:48] Changfei Optics Fiber and Cable (06869) fell more than 22% at the close, hitting a low of 198.4 yuan.

[15:06] The rally in late trade narrowed to about 80 points, falling back below the 23,000-point level, closing at 22,959 points.

[14:38] [Min Xin Jewelry’s granddaughter] Even the prince’s daughter has to抢货 across the ocean! Bethany shows off stunning diamond jewelry; netizens go wild praising the brand—urgent sell-out; need to pre-book

[13:46] [AI + Hang Seng Index] Hang Seng Index Company partners with Digital Hong Kong Community to develop AI-assisted design-themed index; Li Wenlong: improve index operations

[13:38] The market’s gain further narrowed to nearly 150 points.

[13:28] SMIC International (00981) fell by one tenth in the afternoon to a low of 80.1 yuan; XL二南 Nanya (07709) fell more than 22%; XL二南 Samsung (07747) fell 25%.

[13:28] [Capital markets] Hong Kong ECM fundraising in the first half exceeded $346.3 billion, a 5-year high; IPO fundraising remains the global second

[13:17] [1211] BYD rose as much as nearly 10%. Its self-developed 4-nanometer chip “Xuanji A3” is expected to be mounted on next year’s “Denovo” new vehicle type.

[13:10] [Brokerage reports] JPMorgan cuts target prices for Hong Kong utility stocks; expects price range volatility in the third quarter; valuation is already not cheap (with table)

[13:01] In the early afternoon, Hong Kong stocks rose about 210 points, to 23,091 points; turnover 217.6 billion HKD; Tech Index rose 0.2% to 4,480 points.

[12:21] [AI + 1024] Kuaishou’s AI is reportedly set to complete $23.4 billion fundraising; Tencent is involved; valuation reaches $140 billion

[12:00] Hang Seng Index gained 273 points in half a session, to 23,154 points; turnover 213.39 billion HKD; Tech Index rose 0.6% to 4,499 points. ATM rose 2% to 4%; auto stocks and pharma stocks performed well. BYD (01211) rose more than 8% and Shiyao (01093) rose 7%. Chip stocks fell: SMIC International (00981) down nearly 9% and Huahong Hongli (01347) down nearly 10%. XL二南 Nanya (07709) and XL二南 Samsung (07747) each dropped 20% to 23%.

[11:53] CSPC (01093) rose more than 7%; Wmhx (02269) rose more than 3%; China Biopharmaceutical (01177) rose half a percentage point.

[11:38] Hang Seng Index rose about 214 points at midday close to 23,095 points; turnover 202.4 billion HKD; Tech Index rose 0.5% to 4,493 points.

[11:24] [IPO] PwC raised its forecast for Hong Kong IPO fundraising this year to $380 billion

[11:16] The market’s gain further narrowed to about 160 points.

[11:03] Gold stocks trend higher: Zijin (02899) up more than 5%; Zijin Mining International (02259) up 10%; Zhaojin (01818) up more than 7%; Lingbao Gold (03330) up more than 13%.

[10:50] [LSE-owned] Reported: LME considers easing requirements, including allowing outdoor storage of aluminum to overcome issues stemming from limited Hong Kong space

[10:24] The market’s rise steadied; Hang Seng Index is currently up about 250 points. Auto stocks led the gains: BYD (01211) up more than 8%.

[10:12] [AI + pharma] Ising Intelligent and Takeda Pharmaceuticals reach AI-enabled drug discovery cooperation; transaction value up to $4.7 billion. After the stock price rose 10%, it then turned lower

[09:53] Zhipu (02513) fell nearly 10% to the 1,900 yuan level; MINIMAX (00100) down more than 6%; Xunce (03317) up more than 15%.

[09:47] SMIC International (00981) down 8%; XL二南 Nanya (07709) down 18%; XL二南 Samsung (07747) down 20%.

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

[09:43] After Hong Kong stocks opened, the gain widened to more than 400 points, reclaiming the 23,300-point level.

[09:29] Auto stocks performed well: BYD (01211) up more than 4%; Geely (00175) up more than 2%; Xiaomi (01810) up more than 3%; XPeng/ Li Auto/ NIO? rose 0.4% to 4%.

[Electric vehicles] One article to clarify June performance of new-energy vehicle companies: BYD sales exceed 400k; Leapmotor deliveries exceed 90k vehicles (keeps updating)

[09:27] [IPO] Anke Innovation 668 first trading: opened at 99.3 yuan; low priced by less than 0.1%; each lot slightly down by 2 yuan

[09:22] Hang Seng Index opened high by 190 points to 23,071 points, with turnover 7.26 billion HKD; Tech Index rose 1.3% to 4,528 points. Alibaba (09988) up more than 2%; Tencent (00700) up 3%; SMIC International (00981) down nearly 6%. Korean stocks fell: XL二南 Nanya (07709) and XL二南 Samsung (07747) down 15%.

[Asia-Pacific markets] KOSPI index down more than 6%; Nikkei 225 down more than 2%—dragged by Meta planning to sell compute capacity + Apple planning to procure ChangXin storage and Yangtze Memory chip

[09:13] Hang Seng Index night futures up about 220 points to 23,034 points.

[08:06] [9988] Alibaba and payment company will pay more than $4.6 billion to close the US investigation into illegal drug sales

[07:45] Hong Kong stock market closed for the July 1 holiday; ADRs performed strongly. Baidu US stocks were up vs Hong Kong stocks by 5% cumulatively, JD US stocks up 4%, Alibaba US stocks up 3%. After auto stock data was released, BYD ADR outperformed Hong Kong shares by 6%; XPeng US stocks up 5%; Li Auto US stocks up 4%.

More Hong Kong stock ADRs and China concept stock quotes:

[07:30] Iran negotiation team says the US violated understanding commitments and will set up a monitoring panel to examine US violations; plus Fed Chair Waller (Kevin Warsh) said in a speech at the ECB meeting that the Fed will open a new path, but declined to provide guidance on interest rates. Market investment sentiment remains cautious; US stocks swung sharply. After the Dow rose 423 points, it reversed and fell; the Dow closed at 52,305 points, down 13 points; the S&P 500 gave back 0.22% and the Nasdaq fell 0.66%.

Watch US stock close live:

Hong Kong stocks’ previous session market conditions—see: [Hong Kong night futures + ADR + Northbound capital] Hong Kong ADRs up; auto stocks strong; Alibaba US stocks up 3%