Market Overview - On July 3, the Hang Seng Index fell by 0.63%, with southbound trading totaling HKD 127.84 billion, comprising HKD 62.40 billion in buying and HKD 65.42 billion in selling, resulting in a net sell of HKD 3.05 billion [1][2] Southbound Trading Details - Southbound trading through the Stock Connect (Shenzhen) recorded a total of HKD 47.32 billion, with buying at HKD 23.07 billion and selling at HKD 24.25 billion, leading to a net sell of HKD 1.18 billion [1] - Southbound trading through the Stock Connect (Shanghai) totaled HKD 80.52 billion, with buying at HKD 39.33 billion and selling at HKD 41.19 billion, resulting in a net sell of HKD 1.87 billion [1] Active Stocks - Alibaba-W had the highest trading volume among southbound stocks, with a total transaction amount of HKD 116.60 billion and a net sell of HKD 32.26 billion, closing down by 2.93% [1][2] - Meituan-W recorded a total transaction amount of HKD 43.61 billion with a net buy of HKD 9.87 billion, closing down by 2.54% [2] - Xiaomi Group-W had a total transaction amount of HKD 104.58 billion with a net buy of HKD 2.27 million, closing down by 3.41% [2] Continuous Net Buying and Selling - Three stocks experienced continuous net buying for over three days, with the highest being SMIC with a total net buy of HKD 64.21 billion over 10 days, followed by Innovent Biologics with HKD 20.24 billion over 5 days, and Meituan-W with HKD 17.03 billion over 3 days [2] - Conversely, three stocks faced continuous net selling, with Tencent Holdings leading at a total net sell of HKD 234.10 billion, followed by Alibaba-W at HKD 63.08 billion and Guotai Junan International at HKD 3.98 billion [2]