Hong Kong stocks closed (07.16) | The Hang Seng Index fell by 1.6%. Science and technology stocks, financial stocks were under pressure. Apple suppliers performed well against the market trend.

According to the WiseNews app, Hong Kong shares continued their decline from yesterday, with the three major indexes continuing to be under pressure. The Hang Seng Index fell below the 18,000 mark, while the Hang Seng Tech Index fell nearly 2% intraday. At the close, the Hang Seng Index fell 1.6%, or 287.96 points, to 17,727.98, with a total daily turnover of HKD 94.243 billion; the Hang Seng China Enterprises Index fell 1.64% to 6,316.53; and the Hang Seng Tech Index fell 1.35% to 3,622.84 points. Guoyuan International believes that since the current valuation of Hong Kong stocks is still relatively low, they will be particularly sensitive to external environmental changes, especially changes in the Federal Reserve's interest rates, so Hong Kong stocks this year.

Zhitong Finance04:32 ET

Smart decisions refer to short-term market focus on autonomous controllable and gold.

The June CPI inflation in USA was weaker than market expectations, indicating further cooling of the US economy and prices, which opens the door for the upcoming Fed rate cut. Hang Seng index is expected to rise this week.

Zhitong FinanceJul 14 21:07 ET

Northbound funds| ICBC (01398) received nearly 0.5 billion yuan in additional holdings again while seeing a net buy of 0.171 billion yuan. Cosco Shipping Holdings (01919) suffered from selling off by domestic investors.

On July 12th, the Hong Kong stock market saw a net buy of 0.171 billion Hong Kong dollars by Northbound funds, with net sell of 0.224 billion Hong Kong dollars on the Shanghai-Hong Kong Stock Connect and net buy of 0.395 billion Hong Kong dollars on the Shenzhen-Hong Kong Stock Connect.

Zhitong FinanceJul 12 05:57 ET

Lyon raises Adventech's target price to HKD 63 and expects steady performance in the first half of the year.

According to a research report released by Lyon, Sunny Optical Technology (2382.HK) had a stable performance in the shipment of its main mobile phone and automotive products in the first half of this year. At the same time, its product mix and gross margin in the camera module business, which is highly sensitive to profitability, have also improved. Lyon expects the company's mid-term performance to be stable and predicts that it will issue a profit warning. The bank predicts that Sunny's net profit in the mid-term will reach 1.03 billion yuan. The bank also expects Sunny's future profitability to continue to recover, raises its performance forecast, and raises its target price from HKD 57 to HKD 63, reiterating a rating of outperforming the market.

Gelonghui FinanceJul 12 02:16 ET

Sunny Optical Technology (02382) rose nearly 4% in the Hong Kong stock market. Its June shipments met the expectations and institutions are bullish on the company's performance in the first half of the year.

Sunny Optical Technology (02382) rose by nearly 4%, as of the time of publication, it rose by 3.84%, to HK$50.05, with a turnover of HK$0.412 billion.

Zhitong FinanceJul 11 22:47 ET

Citigroup reaffirmed sunny optical (02382) with a "outperform" rating and raised the target price to HKD 63.

Zhongxin Lian and released a research report reiterating the "outperform" rating of Sunny Optical Technology (02382), expecting profits to continue to recover, and raising the target price by 11% to HKD 63. The report stated that the performance of Sunny Optical Technology in the first half of this year was stable. The shipment volume of its main mobile phone and automobile products remained stable. More importantly, the product structure and gross margin of its profit-sensitive mobile camera module business have improved. The bank expects a net income of RMB 1.03 billion in six months.

Zhitong FinanceJul 11 22:08 ET