Northbound funds | Northern Water net sold 4.797 billion, US-Iran negotiations disrupted international oil prices, Northern Water sold over 500 million Hong Kong dollars in CNOOC (00883).

On May 7th, the Hong Kong stock market saw a net selling of 47.97 billion Hong Kong dollars by Northbound investors. Of this, the Shanghai-Hong Kong Stock Connect saw a net selling of 20.95 billion Hong Kong dollars, and the Shenzhen-Hong Kong Stock Connect saw a net selling of 27.02 billion Hong Kong dollars. The top three stocks with the most net buying by Northbound investors were Semiconductor Manufacturing International Corporation (00981), Cig Shanghai (06166), and DEEPEXI TECH (01384). The top three stocks with the most net selling were Tencent (00700), CNOOC (00883), and HUA HONG SEMI (01347). Active trading stocks through the Shanghai-Hong Kong Stock Connect. Active trading stocks through the Shenzhen-Hong Kong Stock Connect. Chip stocks are showing differentiation again. Semiconductor Manufacturing International Corporation (00981) saw a net buying of 8.08 billion Hong Kong dollars, while HUA HONG SEMI (01347) saw a net selling of 4.18 billion Hong Kong dollars. In terms of news, the US chip control has led to NVIDIA's market share in China dropping from 66% to 0%, benefiting domestic chip manufacturers. Huayuan Securities believes that the current period sees the acceleration of the development of AI large models in China, which will drive the expansion of the domestic computing power market space and increase penetration rate. The domestic computing power sector maintains a high level of prosperity. Chip manufacturers, CPU manufacturers, ODM factories, IDCs, and component industries will all benefit from this development trend. Cig Shanghai (06166) saw a net buying of 69.13 million Hong Kong dollars. In terms of news, NVIDIA signed a long-term agreement with Corning. Corning plans to increase its optical connection manufacturing capacity in the US by 10 times and increase optical fiber production by over 50%. According to reports, Cig Shanghai's net profit in the first quarter increased by 276.44% year-on-year. The main driver of the high growth in performance is the significant increase in the scale of high-speed optical module business, with continued strong demand for 800G and 1.6T high-speed optical modules in global data centers. DEEPEXI TECH (01384) saw a net buying of 54.95 million Hong Kong dollars. In terms of news, DEEPEXI TECH recently announced that its enterprise AI employee intelligence DeepClaw passed the China Institute of Communications' Trusted AI Intelligent Assistant (Claw) benchmark test. Additionally, Beijing Centergate Technologies Fentai Garden collaborated with DEEPEXI TECH to have the first national government service intelligent employee "Feng Xiao Zhi" on duty. Northbound investors continue to sell technology and internet stocks. BABA-W (09988) and Tencent (00700) saw net selling of 4.1 billion and 27.39 billion Hong Kong dollars respectively. In terms of news, Huachuang Securities pointed out that in May, entering the Internet financial report season, the market may still be cautious about the profit recovery of e-commerce/local life; the release of new AI models is beneficial to the mid-term efficiency and commercial development of internet platforms but still needs to be reflected in performance. CNOOC (00883) saw a net selling of 5.17 billion Hong Kong dollars. In terms of news, according to reports cited by Middle Eastern media sources on the 7th, Iran and the United States have reached a consensus to gradually reopen the Strait of Hormuz in exchange for easing the US naval blockade. However, this news has not been confirmed by the US or Iran. Influenced by the news, international oil prices fell sharply in the short term, with US oil and Brent oil both falling by more than 3%.