Kuaishou's Hong Kong-listed shares opened more than 6% higher.
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Hong Kong stocks opened higher, with the Hang Seng Index up 0.19%, and the artificial intelligence sector performing strongly.
According to ChainCatcher and Gate market data, the Hang Seng Index opened 0.19% higher in Hong Kong, while the Technology Index rose 0.42%. The artificial intelligence sector opened higher, with Lenovo Group (00992.HK) up 4.4% and Kingboard Laminates (01888.HK) up 4%. MOMENTA-W (06880.HK) opened 1.83% higher on its first day of trading.
Hong Kong-listed AI stocks rallied, with Huiju Technology rising nearly 9%.
Mars Finance reported on July 8th that Hong Kong-listed artificial intelligence stocks rallied, with Huiju Technology (01729.HK) rising 8.96%, Shanghai Fudan (01385.HK) rising 5.53%, and Lenovo Group (00992.HK) rising 4.41%. (Science and Technology Treasure Broadcast)
Hong Kong-listed tech stocks surged during trading, with Meituan rising 8.5%.
According to Mars Finance, citing Jinshi Data, Hong Kong-listed technology and internet stocks collectively surged during trading. Market data shows that Meituan (03690.HK) performed strongly, rising 8.5%; Tencent Holdings (00700.HK) followed suit with gains exceeding 5%; Xiaomi Group (01810.HK) rose over 3%; in addition, Alibaba (09988.HK) and Baidu (09888.HK) also rose simultaneously, both exceeding 2%.
SK Hynix continues its downward trend, and Hong Kong-listed ETFs with double-leverage have nearly halved in value.
According to Mars Finance, on July 7th, the South Korean stock market ignored Samsung Electronics' better-than-expected earnings forecast this morning, continuing its downward trend after opening lower. As of press time, SK Hynix was down 5%. Affected by this, the Hong Kong-listed SK Hynix (07709) double- long position from Southern Asset Management quickly fell from its high of HK$193.65, currently trading at HK$99 pre-market, nearly halved in value.
Large-scale model stocks in Hong Kong extended their gains, with MINIMAX and Zhipu rising over 16%.
Mars Finance reported on July 8th that MINIMAX-W (00100.HK) rose 17%, and Zhipu (02513.HK) rose 16%. In terms of news, Zhipu, a leading Hong Kong-listed large-scale model manufacturer, saw its first share lock-up period expire today, with several core institutional investors clearly choosing to continue their investment. (Science and Technology Treasure Broadcast)
UBS recommends buying SK Hynix's upcoming ADRs and selling its Seoul-listed shares.
Mars Finance reported on July 7th that UBS Group stated investors should buy SK Hynix's planned American Depositary Receipts (ADRs) and sell the chipmaker's South Korean-listed shares, as the former may enjoy a premium during trading. The Swiss bank's sales and trading division noted in a report to clients that these ADRs could be more attractive than South Korean shares for investors such as hedge funds due to their higher holding efficiency and lower costs. The report also pointed out that some global portfolio managers who do not hold its Seoul-listed shares may also be able to purchase these US securities. "Long on its ADRs and short its South Korean shares from day one sounds like there's nothing to hesitate about," the UBS report stated. "Given that an ADR discount is unlikely, the risk is very limited, making this a trade that can be executed on a very large scale." (Wide Angle Observation)