Net purchases of multiple large-cap tech stocks with southbound funds.
This week, the main stock indexes in the Hong Kong stock market collectively fell, with the Hang Seng Index falling by 1.1%, the Hang Seng Tech Index falling by 2.82%, and the Hang Seng China Enterprises Index falling by 1.96%. From the list of active stocks traded, a total of 21 Hong Kong stocks made the list this week, with Alibaba-W having the highest total trading volume at 34.882 billion Hong Kong dollars. Tencent Holdings, Xiaomi Corporation-W, Semiconductor Manufacturing International Corporation, and Yangtze Optical Fibre and Cable Hong Kong Stock Connect all had trading volumes exceeding 10 billion Hong Kong dollars. In terms of net buying amount, southbound funds significantly increased their positions in large technology stocks. Xiaomi Corporation-W had the highest net buying amount from southbound funds this week, reaching 4.101 billion Hong Kong dollars, making it the highest for three consecutive weeks. Meituan-W received a net buying amount of 1.89 billion Hong Kong dollars from southbound funds this week, Alibaba-W had a net buying amount of 1.11 billion Hong Kong dollars, and Tencent Holdings had a net buying amount of 1.106 billion Hong Kong dollars.
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