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BP Cut at HSBC on Concerns Over Sustainability of Stock Buybacks
Northbound funds | Net purchase of 5.987 billion Hong Kong shares ETF by domestic funds to build positions again, and continue to sell HSBC (00005).
On August 6, the Hong Kong stock market saw a net buying amount of 59.87 Hong Kong dollars from northbound investment, with a net selling/buying amount of 3.208 billion Hong Kong dollars for the Shanghai-Hong Kong Stock Connect and a net buying amount of 2.779 billion Hong Kong dollars for the Shenzhen-Hong Kong Stock Connect.
Option Volatility | AI Stocks on the Radar as Palantir and Super Micro Face Earnings Verdict
Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Deutsche Bank: Tencent is a "safe haven with a catalyst".
Morgan Stanley predicts that Tencent's gaming business is expected to achieve high growth in Q2 of this year and become a leading indicator for the company's future profits exceeding expectations. Morgan Stanley set a target price of HKD 450 for Tencent's Hong Kong stocks, which is 25.6% higher than the Friday closing price.
Meituan sets its sights on small businesses like nail salons.
Explore the potential of the industry chain.
