Hong Kong Market Surges, Xiaomi Reaches All-Time High

Market Overview

Monday: US market was closed for Washington’s Birthday holiday.
Hong Kong stocks: The Hang Seng Index and tech-heavy stocks led the gains, with Xiaomi setting a new all-time high.

Hong Kong Stock Market Highlights

Hong Kong’s three major indices opened higher and continued to rise throughout the session.

Key Gainers:

Tech stocks led the rally:
- Kuaishou (10%) surged on AI advancements.
- Xiaomi (+6%) hit a new all-time high.
- Alibaba (+4%), Meituan (+3%), and Tencent (+3%) all posted strong gains.
Healthcare sector:
- JD Health (+9%) was among the top performers.
Auto stocks:
- Geely (+5%) extended its upward momentum.
Major corporate move:
- Tam Jai International (+63%) soared after its majority shareholder announced a privatization offer at a premium price.

Highlight: Kuaishou’s AI Innovation Fuels Rally

Kuaishou surged nearly 10% after launching its latest AI-powered “Multi-Image Reference” feature under Kling AI.

This innovation strengthens Kuaishou’s leadership in AI-driven video generation.
The new tool can interpret multiple images and seamlessly integrate them into AI-generated videos based on user descriptions, solving a key consistency challenge in AI video creation.

Technical Analysis of Hong Kong Market

HK Market Snapshot

Hang Seng Index: +2.05%, closing at 23,080.23.
Hang Seng Tech Index: +3.04%, closing at 5,666.35.
China Enterprises Index: +2.29%, closing at 8,513.95.

A50 & China A-Share Market Highlights

Chinese A-shares saw mixed performance, with early losses reversing into a narrow trading range.

Total turnover: ¥1.07 trillion across the Shanghai, Shenzhen, and Beijing exchanges.
Declining stocks: Over 3,400 shares closed lower.

Sector Performance:

Top Gainers:
- Battery technology (light vehicle batteries, lead-acid batteries).
- Industrial equipment (linear actuators, machining tools, valves).
- AI-related utilities (smart water management).
Top Losers:
- AI-driven industries (film & media, coding, DeepSeek-related stocks).
- Retail & Consumer Goods (cabinets, supermarkets, wardrobes).

Technical Analysis of China Markets

China Market Snapshot

Shanghai Composite Index: +0.29%, closing at 3,365.51.
Shenzhen Component Index: +0.13%, closing at 10,804.65.
ChiNext Index: -0.09%, closing at 2,224.68.

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