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Capital movement | Northbound capital net bought Hong Kong stocks worth 4.65 billion Hong Kong dollars, increasing positions in Tencent and Semiconductor Manufacturing International Corporation.
Track the latest dynamics of southbound capital.
Hong Kong stocks closed (01.10) | The Hang Seng Index fell by 0.92%, Tencent Related stocks plunged across the board, and SUNAC (01918) dropped over 25%.
Hong Kong stocks opened high again today but fell, marking a five-day decline. The three major Indices further widened their losses in the afternoon, each briefly dropping over 1%.
Chip stocks are soaring, with the 'King of Cold' reaching a Market Cap of 320 billion during the trading session.
The competition in the Technology field is intensifying.
Goldman Sachs: Maintains Semiconductor Manufacturing International Corporation (00981) "Neutral" rating, raises Target Price to 38 HKD.
Goldman Sachs expects to receive better support from the normalization of industry inventory in 2025.
Statistics of Capital Trend for Stock Connect (T+2) | January 10th
Capital Trend of Hong Kong Stock Connect | January 10
Hong Kong stocks closed (01.09) | The Hang Seng Index fell by 0.2%. The Semiconductors Sector performed actively, and TINGYI (00322) surged by 12%.
Hong Kong stocks surged and then fell today, with the three major Indices turning negative in the afternoon, and only the Hang Seng Technology Index managed to achieve a slight increase, having once risen over 1% in the morning.
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Alster : Overheated like Nvidia, correction coming real soon