Hong Kong stocks closed (07.16) | Hang Seng Index closed up 1.33%, returning to 20,000, where active storage concepts declined the most throughout the day

The Zhitong Finance App learned that the three major indices of Hong Kong stocks continued to rise. The Hang Seng Index hit the 255,000 mark, and the Hengke Index rose more than 3% during the intraday period. At the close, the Hang Seng Index rose 1.33% or 327.5 points to 25008.6 points, with a full-day turnover of HK$322.892 billion; the Hang Seng State-owned Enterprises Index rose 1.63% to 8318.14 points; and the Hang Seng Technology Index rose 1.98% to 4834.44 points.

Guangfa Securities believes that the opportunities for Hong Kong stocks in the second half of the year may be mainly due to the phased market due to the excessive decline and rebound. Considering that Hengke currently has many losses, once it shrinks and rebounds into the pressure zone, it is very easy to push higher and fall. The market may come and go quickly. The rebound window and magnitude may be similar to the first half of this year, making it more difficult to grasp.

Blue-chip stock performance

Alibaba-W (09988) rose moderately. At the close, it rose 3.09% to HK$116.9, with a turnover of HK$18.136 billion, contributing 55.68 points to the Hang Seng Index. According to the Jefferies Research Report, Alibaba's Alibaba Qianwen will provide services for China's version of Apple's smart users. However, no further details of the cooperation have been announced yet, but the bank believes that it represents that the Thousand Questions model has been recognized in different scenarios. According to the bank's recent report, Alibaba Cloud has complete full-end capabilities, and revenue growth is expected to accelerate in the September quarter.

In terms of other blue-chip stocks, Bubble Mart (09992) rose 6.87% to HK$168.1, contributing 12.2 points to the Hang Seng Index; Xiaomi Group-W (01810) rose 6.34% to HK$27.5, contributing 45.54 points to the Hang Seng Index; Cinda Biotech (01801) fell 2.94% to HK$94.2, dragging down the Hang Seng Index by 7.17 points; and China Aluminum (02600) fell 2.72% to HK$7.87, dragging down the Hang Seng Index by 1.27 points.

Popular sector aspects

On the market, most of the large science and network stocks flourished. Xiaomi Group rose more than 6%, Kuaishou rose nearly 5%, and Ali rose more than 3%. The end-side AI concept strengthened, and MeiG Smart once rose more than 13%; new regulations for cost estimation in the automobile industry were implemented, and auto stocks continued to rebound; June inflation data weakened expectations of interest rate hikes, and gold stocks were generally active; film and television stocks, pork concept stocks, etc. were improving. On the other side, storage concept stocks had the highest decline. Lanqi Technology was investigated by South Korea for suspected price manipulation, and the stock price plummeted by nearly 23%; the PCB concept and optical communication concept fell one after another.

1. Technet stocks and end-side AI-related concept stocks are active. At the close, MeiG Smart (03268) rose 11.64% to HK$19.09; Ruisheng Technology (02018) rose 6.54% to HK$41.04; Xiaomi Group-W (01810) rose 6.34% to HK$27.5; and Guanghetong (00638) rose 5.86% to HK$7.95.

On July 15, the State Internet Communications Office showed the filing information for 7 mobile phone end side generation artificial intelligence services. These include Apple Smart, Huawei Xiaoyi, vivo Blue Heart, Xiaomi Surge, and Nubia Douban phone models. This means that domestic end-side AI has officially removed compliance barriers. Alibaba confirmed that Qianwen will be integrated into Apple Intelligence as an AI capability to provide iPhone, iPad, Mac and Vision Pro users in China with text comprehension, image understanding, and content generation capabilities. According to another report, Baidu will provide an AI search function for Apple Intelligence.

Furthermore, the 2026 World Artificial Intelligence Conference and High-Level Conference on Artificial Intelligence Global Governance will be held from July 17 to 20 at the Shanghai World Expo, Zhangjiang, and the West Bank “Three Regions and Four Pavilions”. According to a report by Interface News, the first AI smart phone (“Douban AI smart phone”) built by ByteDance and ZTE Nubia will release several models this year. One of them will be unveiled during the 2026 World Artificial Intelligence Conference. The overall stock is about 200,000 units, and the first batch is less than 100,000 units.

2. Gold stocks mostly rose. At the close, Lingbao Gold (03330) rose 6.04% to HK$16.16; Zijin Gold International (02259) rose 4.33% to HK$103.5; Zhaojin Mining (01818) rose 3.04% to HK$18.63; and Zijin Mining (02899) rose 2.19% to HK$30.86.

The US CPI and PPI data for June fell short of expectations. Investors drastically cut their bets on the Federal Reserve's interest rate hike in July, and international gold prices remained volatile. DBS said that with long-term logic such as the central bank's purchase of gold, gold is expected to have room to rise this year and is expected to reach 5,300 US dollars/ounce by the end of the year. Zhongtai Securities released a research report saying that with regard to gold investment, on the one hand, we have always emphasized the investment value on the commodity side; on the other hand, after experiencing a deep correction in the first half of the year, the current valuation level of mineral gold companies has fallen sharply to a low level compared to the beginning of the year, with high odds.

3. Auto stocks continued to rebound. At the close, Xiaopeng Group-W (09868) rose 7.61% to HK$56.55; Geely Auto (00175) rose 5.38% to HK$19.39; and BYD shares (01211) rose 4.6% to HK$90.95.

On July 15, the China Automobile Association officially released the “China Automobile Industry Vehicle Cost Estimation Rules” group standard. This is the first set of unified cost estimation rules for the automotive sector in China. The group's standards put an end to the industry's long history of “different caliber and unfounded” cost accounting. It is not only a key step for the automobile industry to rectify disorderly price competition and promote high-quality development, but also an important achievement for the entire industry to forge consensus and jointly establish industry self-regulation rules. CITIC Securities believes that in the first half of the year, the domestic passenger car market was under overall pressure due to falling purchase taxes, anticipated demand, and price wait-and-see effects, and exports became the core increase.

4. Movie concept stocks are eye-catching. At the close, Damai Entertainment (01060) rose 7.22% to HK$0.52; Maoyan Entertainment (01896) rose 5.81% to HK$5.65.

As of July 16, the total box office of the 2026 summer program (including pre-sales) exceeded 3.5 billion dollars. It is worth mentioning that after “Kung Fu Women's Football”, another hit summer movie is about to be screened. As of 22:37 on July 15, the animated comedy film “The Eight Immortals!” The total box office for screenings and pre-sales surpassed 50 million yuan. Furthermore, as of press release, the total box office of “Kung Fu Women's Football” has surpassed 900 million. Wanlian Securities pointed out that “Kung Fu Women's Football”, directed by Chow Sing-chi, was the central driving film last week, giving full play to the leading blockbuster bailout. The second half of the summer program from late July to August was still heavily supplied, and many key films are worth continuing to track.

5. The storage concept dropped the most. By the close, Lanqi Technology (06809) was down 22.95% to HK$278.6; Southern Doubles and Hynix (07709) fell 21.32% to HK$56.48; and GigaYi Innovation (03986) fell 8.68% to HK$600.

US stocks of memory chips collectively plummeted last night. Semiconductor and memory chip concept stocks in the Asia-Pacific stock market generally fell today. The Korean stock SK Hynix fell by more than 11%, and Samsung Electronics fell nearly 9%. It is worth noting that on July 15, the South Korean prosecution raided the Korean offices of three semiconductor companies, including Lanqi Technology, to investigate suspected semiconductor component price manipulation. According to a report by the Science and Technology Innovation Board Daily, staff at the board office of Lanqi Technology responded to reporters today that the incident happened yesterday. The company is currently understanding the relevant situation. The company has always operated in compliance and will actively cooperate with the investigation. Currently, the company is operating normally.

Popular exotic stocks

McFTSE (02556 ) is happy. At the close, it was up 30.57% to HK$41.

McFTSE expects revenue of 1,888 million yuan to 2,054 billion yuan in the first half of the year, an increase of 100% to 121% year on year; net profit of 182 million yuan to 222 million yuan, an increase of 386% to 494% year on year. It mainly benefits from the implementation of the “full-stack token factory” strategy, the release of core products such as AI Agentforce Smart Platform 3.0, which led to an increase in the number of customers and customer unit prices, as well as an increase in the share of high-margin AI application services and continuous optimization of operational efficiency.

Yuejiang (02432) was higher throughout the day. At the close, it was up 7.94% to HK$26.64.

On July 15, the Shenzhen Stock Exchange announced that the Yuejiang Technology GEM IPO will be submitted to the Listing Committee for review on July 22. It is worth mentioning that as the first H share return A case in the Guangdong-Hong Kong-Macao Greater Bay Area after the implementation of the comprehensive reform pilot in Shenzhen, Yuejiang Technology only took 86 days from acceptance to approval, and the review pace was efficient and tight.

Bubble Mart (09992) picked up in the afternoon. At the close, it was up 6.87 percent to HK$168.1.

On July 16, Apple CEO Tim Cook posted on Weibo welcoming the Bubble Mart team to Apple Park and posted photos of him having a live exchange with Apple CEO designate John Tenus and Bubble Mart founder Wang Ning. Furthermore, on July 10, Duan Yongping once again increased his shares in Bubble Mart. The number of shares held increased from 91.2728 million shares to 102 million shares, and the shareholding ratio further increased from 6.85% to 7.65%.

Hard Egg Innovation (00400) performed brilliantly. At the close, it was up 5.45% to HK$4.45.

Hard Egg Innovation issued a voluntary announcement announcing that the Group has completed a strategic upgrade: from an artificial intelligence hardware distributor to a vertical AIToken factory operator, it has now signed intended service orders totaling more than 1 billion US dollars. Customers cover the world's first-tier cloud service providers, intelligent enterprises and AI model manufacturers.