日经225指数21日分时走势图 韩国综合指数21日分时走势图 日经225指数跌幅均超2% 日本软银集团跌超10% 韩国SK海力士跌超8% 中芯国际H股跌超6% 中芯国际A股跌超3% 郭晨凯 制图 韩国综合指数下跌3.79% ◎记者 费天元 11月21日，亚太股市遭遇"黑色星期五"。从指数层面看，韩国综合指数下跌3.79%，上证指数、香港恒 生指数、日经225指数跌幅均超2%；从个股层面看，大型科技股普遍重挫，日本软银集团跌超10%，韩 国SK海力士跌超8%，中芯国际H股跌超6%，中芯国际A股跌超3%。 从诱因来看，本次亚太股市下跌具有较强的国际联动效应。隔夜美国公布的一组看似矛盾的就业数据， 使得市场对美联储12月降息的预测变得更加复杂，全球流动性预期和资金情绪趋于谨慎，从而引发全球 主要市场联动下挫。此外，"AI泡沫"争论不休，英伟达的强劲业绩也难以打消市场顾虑。 总体而言，短期全球资本市场将处于高波动状态，在部分关键数据落地之前，多空拉锯可能延续。多家 机构认为，出海与科技创新仍是中国企业的结构性亮点，继续发挥供应链与技术创新优势，是中国资产 走出独立行情的关键。 诱因 美联储降息预期松动 全球流动性短期 ...

Group 1: Market Overview - On November 20, the Hong Kong stock market saw a net inflow of capital from Northbound trading amounting to HKD 159.92 billion, with HK Stock Connect (Shanghai) contributing HKD 78.08 billion and HK Stock Connect (Shenzhen) contributing HKD 81.84 billion [2] - The most net bought stocks included the Tracker Fund of Hong Kong (02800), Hang Seng China Enterprises (02828), and Alibaba-W (09988), while the most net sold stocks were Ganfeng Lithium (01772) and SMIC (00981) [2] Group 2: Stock Performance - Xiaomi Group-W (01810) experienced a net outflow of HKD 85.62 million, while the Tracker Fund of Hong Kong (02800) had a net inflow of HKD 47.25 billion [3] - Alibaba-W (09988) saw a net inflow of HKD 1.86 billion, and Tencent Holdings (00700) had a net outflow of HKD 671 million [3] Group 3: Sector Insights - Northbound funds showed strong interest in Hong Kong ETFs, with the Tracker Fund of Hong Kong (02800) and Hang Seng China Enterprises (02828) receiving significant net inflows of HKD 74.19 billion and HKD 19.13 billion respectively [6] - Ganfeng Lithium (01772) faced a net outflow of HKD 25.87 million, while SMIC (00981) had a net outflow of HKD 33.64 million [5][8] Group 4: Company-Specific Developments - Alibaba-W (09988) launched its official AI assistant, Qianwen APP, which is expected to enhance its AI application capabilities and drive revenue growth [6] - Xpeng Motors-W (09868) is projected to see a 40% revenue growth in 2026, with expectations of achieving breakeven for the first time [7] - Ganfeng Lithium (01772) is expected to face a global lithium supply surplus of 76,000 tons and 54,000 tons in the next two years, with prices stabilizing between RMB 75,000 to 90,000 per ton [8]

Group 1: Market Overview - On November 21, the Hong Kong stock market saw a net inflow of 105 million HKD from northbound trading, with a net buy of 498 million HKD from the Shanghai Stock Connect and a net sell of 393 million HKD from the Shenzhen Stock Connect [2] - The most bought stocks included Tencent (00700), Xiaomi Group-W (01810), and Alibaba-W (09988), while the most sold stocks were the Tracker Fund of Hong Kong (02800), Hua Hong Semiconductor (01347), and Ganfeng Lithium (01772) [2] Group 2: Stock Performance - Alibaba-W had a net inflow of 8.47 billion HKD, with a buy amount of 41.80 billion HKD and a sell amount of 33.33 billion HKD [3] - Xiaomi Group-W recorded a net inflow of 9.48 billion HKD, with a buy amount of 29.79 billion HKD and a sell amount of 20.31 billion HKD [3] - Tencent Holdings had a net inflow of 9.61 billion HKD, with a buy amount of 22.87 billion HKD and a sell amount of 13.25 billion HKD [3] Group 3: Sector Insights - Northbound funds are actively buying technology stocks, with Tencent, Alibaba, Kuaishou-W, and Meituan-W receiving significant net buys [6] - Xiaomi Group-W's strong third-quarter performance, with a revenue increase of 22.3% to 113.1 billion HKD and a net profit growth of 80.9% to 11.3 billion HKD, is driven by its high-end smartphone strategy and automotive business [6] - Semiconductor stocks like SMIC (00981) and Hua Hong Semiconductor (01347) faced net sells of 1.89 billion HKD and 3.37 billion HKD respectively, amid reports of potential delays in U.S. semiconductor import tariffs [7] Group 4: Commodity Market Impact - Ganfeng Lithium (01772) experienced a net sell of 1.9 billion HKD, influenced by recent adjustments in lithium carbonate futures trading fees and limits, leading to a drop in futures prices [7] - The overall sentiment in the lithium market is shifting as recent price movements are increasingly driven by market speculation rather than fundamental supply-demand dynamics [7] Group 5: ETF Performance - The Southern Hang Seng Technology ETF (03033) saw a net buy of 72.34 million HKD, while the Tracker Fund of Hong Kong (02800) faced a significant net sell of 5.142 billion HKD [8] - The divergence in ETF performance reflects broader market uncertainties, particularly regarding U.S. interest rate policies and inflation concerns [8]

Core Insights - Southbound funds recorded a net inflow of approximately 38.60 billion HKD this week, an increase of about 13.90 billion HKD compared to last week, accounting for 41.88% of the total turnover of the Hang Seng Index [2] - Despite a continued adjustment in the Hong Kong stock market, southbound funds maintained a consistent inflow over five trading days, with a focus on increasing positions in technology stocks [2] - Alibaba saw a net buy of 13.32 billion HKD over the past week, marking a significant investment trend [3] Investment Highlights - Alibaba (9988.HK) experienced a net buy of 13.32 billion HKD, despite a weekly decline of 4.71%, with 57.10 million shares added in the last five days [4] - Xiaomi (1810.HK) had a net buy of 5.58 billion HKD, with a weekly decline of 10.10% and 59.82 million shares added [4] - Tencent (0700.HK) saw a net buy of 2.90 billion HKD, with a weekly decline of 4.84% and 1.80 million shares added [4] - Xpeng Motors (9868.HK) recorded a net buy of 2.29 billion HKD, with a significant weekly decline of 20.47% and 1.88 million shares added [4] - On the sell side, Pop Mart (9992.HK) faced a net sell of 460 million HKD, with a weekly decline of 7.90% and a reduction of 2.25 million shares [4] Daily Fund Flow - On the latest trading day, southbound funds had a net buy of approximately 1.05 billion HKD, with the Shanghai-Hong Kong Stock Connect seeing a net inflow of about 498 million HKD, while the Shenzhen-Hong Kong Stock Connect had a net outflow of approximately 393 million HKD [5] - Major net buys included Alibaba (11.58 billion HKD), Tencent (17.36 billion HKD), and Xiaomi (10.82 billion HKD) [5] - Significant net sells included Hua Hong Semiconductor (3.37 billion HKD) and Ganfeng Lithium (1.91 billion HKD) [5]

Core Insights - On November 21, 2025, Alibaba-W (09988), Xiaomi Group-W (01810), and Yingfu Fund (02800) were the top three stocks by trading volume in the Southbound Stock Connect, with trading amounts of 75.13 billion, 50.10 billion, and 39.92 billion respectively [1] - In the Shenzhen-Hong Kong Stock Connect, Alibaba-W (09988), Xiaomi Group-W (01810), and Tencent Holdings (00700) also ranked as the top three, with trading amounts of 59.52 billion, 26.55 billion, and 24.41 billion respectively [1] Southbound Stock Connect - Top Active Companies - Alibaba-W (09988) had a trading amount of 75.13 billion with a net buying amount of +8.47 billion [1] - Xiaomi Group-W (01810) recorded a trading amount of 50.10 billion with a net buying amount of +9.48 billion [1] - Yingfu Fund (02800) had a trading amount of 39.92 billion but a net selling amount of -37.55 billion [1] - Tencent Holdings (00700) saw a trading amount of 36.12 billion with a net buying amount of +9.61 billion [1] - SMIC (00981) had a trading amount of 31.12 billion with a net buying amount of +1.49 billion [1] - Meituan-W (03690) recorded a trading amount of 12.35 billion with a net selling amount of -55.12 million [1] - Ganfeng Lithium (01772) had a trading amount of 11.02 billion with a net selling amount of -1.91 billion [1] - Pop Mart (09992) recorded a trading amount of 10.97 billion with a net selling amount of -6.97 million [1] - Hua Hong Semiconductor (01347) had a trading amount of 10.81 billion with a net selling amount of -6.86 million [1] - China National Offshore Oil Corporation (00883) recorded a trading amount of 9.73 billion with a net buying amount of +650.39 million [1] Shenzhen-Hong Kong Stock Connect - Top Active Companies - Alibaba-W (09988) had a trading amount of 59.52 billion with a net buying amount of +3.10 billion [1] - Xiaomi Group-W (01810) recorded a trading amount of 26.55 billion with a net buying amount of +3.20 billion [1] - Tencent Holdings (00700) saw a trading amount of 24.41 billion with a net buying amount of +7.75 billion [1] - SMIC (00981) had a trading amount of 24.07 billion with a net selling amount of -3.39 billion [1] - Southern Hang Seng Technology (03033) recorded a trading amount of 14.79 billion with a net buying amount of +723.43 million [1] - Yingfu Fund (02800) had a trading amount of 14.01 billion with a net selling amount of -13.88 billion [1] - Meituan-W (03690) recorded a trading amount of 10.17 billion with a net buying amount of +2.01 billion [1] - Hua Hong Semiconductor (01347) had a trading amount of 8.68 billion with a net selling amount of -2.69 billion [1] - XPeng Motors-W (09868) recorded a trading amount of 7.82 billion with a net buying amount of +1.34 billion [1] - Kuaishou-W (01024) had a trading amount of 6.63 billion with a net buying amount of +2.36 billion [1]

| 泡泡玛特 | 5.14 乙 | 5.84亿 | 10.97亿 | | --- | --- | --- | --- | | HK 09992 | | | -6974.68万 | | 华虹未营体 | 5.06亿 | 5.75亿 | 10.81亿 | | HK 01347 | | | -6856.42万 | | :: 洪映圖十 | 5.19 亿 | 4.54亿 | 9.73 亿 +6503.88万 | | HK 00883 | | | | | 图片来源:智通财经 | 港股通(沪)活跃成交股 | | | | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | | | | 净流入 | | 阿里巴巴-W | 31.31 乙 | 28.21 乙 | 59.52 G | | HK 09988 | | | +3.10 乙 | | 小米集团-W | 14.87亿 | 11.68 乙 | 26.55亿 | | HK 01810 | | | +3.20 乙 | | 腾讯控股 | 16.08亿 | 8.33亿 | 24.41亿 | | HK 00700 | | | +7.75亿 | | 中芯国际 | 10.34 乙 | 13. ...

据统计，南下资金已连续7日净买入阿里，共计133.21亿港元；连续4日净买入小鹏汽车，共计18.7077亿 港元。(格隆汇) 格隆汇11月21日｜港股今日大跌，南下资金逆势净买入港股1.05亿港元。其中： 净买入腾讯控股17.36亿、小米集团-W 12.68亿、阿里巴巴-W 11.58亿、快手-W 2.36亿、美团-W 1.46 亿、小鹏汽车-W 1.34亿； 净卖出盈富基金51.43亿、华虹半导体3.37亿、赣锋锂业1.9亿、中芯国际1.89亿。 | 中芯国际 | -6.4% | 1.49 | 31.12亿 | 南方恒生科技 | -3.7% | 0.72 | 14.79亿 | | --- | --- | --- | --- | --- | --- | --- | --- | | 美团-W | -3.0% | -0.55 | 12.35亿 | 盈高基金 | -2.5% | -13.88 | 14.01亿 | | 赣锋律业 | -12.5% | -1.91 | 11.02亿 | 美团-W | -3.0% | 2.01 | 10.17亿 | | 泡泡玛特 | -1.0% | -0.70 | 10.97亿 | 华虹 ...

上涨方面，小米集团涨超1%，金山软件小幅上涨。 全球市场上，欧洲主要股指开盘集体下跌。欧洲斯托克50指数跌1.57%，英国富时100指数跌1.04%，法国CAC40指数跌1.29%，德国DAX30指数跌 1.48%，富时意大利MIB指数跌1.48%。 币圈再度跳水，加密货币遭重挫，截至16:58，比特币24小时跌幅超9%，跌破82000美元/枚；以太坊24小时跌幅近11%，BNB 24小时跌幅超8%，Solana 24 小时跌幅超12%。随着近期比特币大幅下跌，加密货币总市值跌破3万亿美元，比特币价格跌破美国比特币ETF的平均购买价格。 SFC 科网、半导体股跌幅靠前，京东健康跌超8%，中芯国际、华虹半导体跌逾6%，腾讯音乐、百度集团等跌超5%，蔚来、阿里巴巴、阿里健康等跌超4%， 网易、比亚迪（002594）电子等跌超3%，哔哩哔哩、京东集团等跌超2%，快手、腾讯控股等跌超1%，美的集团（000333）、联想集团等小幅下跌。 11月21日，港股三大指数大幅收跌，恒生指数跌2.38%，恒生国企指数跌2.45%；恒生科技指数跌3.21%，本周累跌7.18%，录得周线4连跌。市场成交额 2857.02亿港元，较前 ...

Market Performance - The Hong Kong stock market experienced significant declines, with the Hang Seng Index dropping by 2.38%, the Hang Seng China Enterprises Index falling by 2.45%, and the Hang Seng Tech Index decreasing by 3.21%. This week marked a cumulative decline of 7.18%, resulting in four consecutive weeks of losses [1][3]. - The market turnover increased to 285.70 billion HKD, up from 245.14 billion HKD in the previous trading day [1]. Sector Performance - The technology and semiconductor sectors faced the largest declines, with JD Health falling over 8%, SMIC and Hua Hong Semiconductor dropping more than 6%, and Tencent Music and Baidu Group decreasing over 5%. Other notable declines included NIO, Alibaba, and Alibaba Health, which fell over 4%, while NetEase and BYD Electronics dropped over 3% [3]. - In contrast, Xiaomi Group saw an increase of over 1%, and Kingsoft experienced a slight rise [3]. Global Market Trends - Major European stock indices opened lower, with the Euro Stoxx 50 Index down by 1.57%, the UK FTSE 100 Index down by 1.04%, the French CAC 40 Index down by 1.29%, the German DAX 30 Index down by 1.48%, and the Italian FTSE MIB Index down by 1.48% [3]. Cryptocurrency Market - The cryptocurrency market faced a sharp decline, with Bitcoin dropping over 9% to below 82,000 USD per coin, Ethereum falling nearly 11%, BNB decreasing over 8%, and Solana dropping over 12%. The total market capitalization of cryptocurrencies fell below 3 trillion USD, with Bitcoin prices dropping below the average purchase price of the US Bitcoin ETF [3].

Market Overview - The Hong Kong stock market experienced a significant decline, with the Hang Seng Index dropping by 2.38%, the Hang Seng China Enterprises Index falling by 2.45%, and the Hang Seng Tech Index decreasing by 3.21% [1][2]. Sector Performance - The pharmaceutical sector faced the largest declines, with notable drops in internet healthcare, AI healthcare, biopharmaceuticals, pharmaceutical outsourcing, and innovative drug concepts. Key stocks included: - 3SBio (01530.HK) down 9.44% - WuXi Biologics (01873.HK) down 6.09% - Kingsoft Cloud (01548.HK) down 6.05% - Innovent Biologics (02696.HK) down 5.62% - CanSino Biologics (09926.HK) down 5.39% - JD Health (06618.HK) down 8.6% - Ping An Good Doctor (01833.HK) down 4.28% - Alibaba Health (00241.HK) down 4.46% - Crystal International (02228.HK) down 4.82% - MicroPort Scientific (02252.HK) down 3.55% [3]. Impact of Economic Data - The recent U.S. non-farm payroll data exceeded expectations, leading to a decrease in the likelihood of a Federal Reserve rate cut in December. This has implications for the valuation and financing of innovative drugs, as the cooling expectations for rate cuts may impact investment sentiment [3]. Commodity and Energy Sector - The weakening expectations for a December rate cut have also affected the U.S. dollar index, which surpassed the 100-point mark, putting pressure on the commodities sector. Key declines included: - Ganfeng Lithium (01772.HK) down 12.47% - Tianqi Lithium (09696.HK) down 11.93% - Jinchuan Group (06680.HK) down 6.63% - Lingbao Gold (03330.HK) down 5.47% - China Aluminum (02600.HK) down 4.85% - Chalco International (02068.HK) down 4.74% [4]. Renewable Energy Sector - The power equipment, photovoltaic, and wind power sectors also performed poorly, with significant declines in: - Northeast Electric (00042.HK) down 7.02% - Xinyi Solar (00968.HK) down 7.51% - GCL-Poly Energy (03800.HK) down 5.83% - Yihua Energy (02402.HK) down 6.27% - Flat Glass Group (06865.HK) down 6.02% [4]. Semiconductor Sector - The semiconductor sector saw notable declines, with: - SMIC (00981.HK) down 6.39% - Hua Hong Semiconductor (01347.HK) down 6.09% - Shanghai Fudan (01385.HK) down 3.78% - Beike Micro (02149.HK) down 5.2% [5]. Technology Sector - Other technology-related sectors, including cloud computing and AI, also faced downward pressure, with significant drops in: - Tencent Music (01698.HK) down 5.98% - Baidu (09888.HK) down 5.79% - Alibaba Group (09988.HK) down 4.65% - NetEase (09999.HK) down 3.76% [5].