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Hong Kong stocks fluctuated | Computing Concept stocks continued to decline from yesterday, DeepSeek's impact continues to ferment. Overnight, U.S. stocks, NVIDIA (NVDA.US) plummeted 17%.
The Concept of computing power stocks continued to decline yesterday. As of the time of writing, FIT HON TENG (06088) is down by 7.84%, reported at 3.29 HKD; ZTE (00763) is down by 3.53%, reported at 26 HKD; Semiconductor Manufacturing International Corporation (00981) is down by 2.49%, reported at 37.2 HKD; CGN MINING (01164) is down by 12.09%, reported at 16 HKD.
Express News | Trump: We Will Place Tariffs on Computer Chips in the Near Future
On January 27, southbound funds had a net Buy of nearly 9.1 billion Hong Kong dollars: significantly increased holdings in Tencent and ZTE, while there was a large Outflow from Semiconductor Manufacturing International Corporation.
① The southbound funds traded approximately 62.5 billion Hong Kong dollars that day; which individual stocks are experiencing continued Inflow? ② Tencent saw an Inflow of over 0.6 billion Hong Kong dollars; how significant is the short-term Shareholding?
Hong Kong stocks are moving differently | Chip stocks generally under pressure. HUA HONG SEMI (01347) fell more than 3%, and Semiconductor Manufacturing International Corporation (00981) fell more than 2%.
Chip stocks were generally under pressure in the morning session. As of the time of this report, HUA HONG SEMI (01347) was down 3.31%, trading at 23.35 HKD; Semiconductor Manufacturing International Corporation (00981) was down 2.66%, trading at 40.2 HKD.
In February, the market is Bullish on two major Bullish Sectors expected to continue rising.
After two consecutive declines, the Hang Seng Index rose again last Friday, closing above 20,000 points. In the market commentary published on Thursday (January 23), it was stated that referring to the Hang Seng Index closing positions over the past three days (January 20 to 22), and observing a 'Doji' candlestick on Tuesday, a 'top baby abandonment' bearish pattern has formed. Additionally, from January 14 to 21, the Hang Seng Index has cumulatively risen over 1,200 points, with a reasonable retracement of about one-third expected, and the index should return to the 19,700-point level for significant support. On Wednesday, it closed at 19,778 points, slightly above 19,700 points, and in conjunction with the appearance of the 'top baby abandonment,' two remaining weeks are believed to show improvement.
Zhitong Hong Kong Stock Connect Capital Trend Statistics (T+2) | January 27
Capital Trend of the Hong Kong Stock Connect | January 27
Thelord : no leh technicals show uptrend still intact, likely a healthy pullback only
103368659 OP Thelord : Pullback too much. Seem not a good sign
Thelord 103368659 OP : volume is still okay, likely profit taking before the long cny break