智通财经网·2025-11-13 09:57Group 1: Market Overview - The Hong Kong stock market saw a net sell-off of 35.21 million HKD from northbound trading, with net sell-offs of 21.28 billion HKD from Shanghai and 13.93 billion HKD from Shenzhen [1] - The most bought stocks by northbound investors included Alibaba-W (09988), Xiaomi Group-W (01810), and Hua Hong Semiconductor (01347) [1] - The most sold stocks included the Tracker Fund of Hong Kong (02800), Hang Seng China Enterprises (02828), and Tencent (00700) [1] Group 2: Stock Performance - Alibaba-W had a net inflow of 16.97 billion HKD, with a total trading volume of 99.09 billion HKD, comprising 58.03 billion HKD in buying and 41.06 billion HKD in selling [2] - Xiaomi Group-W recorded a net inflow of 8.91 billion HKD, with total trading of 23.28 billion HKD, consisting of 16.09 billion HKD in buying and 7.19 billion HKD in selling [2] - Tencent experienced a net outflow of 8.68 billion HKD, with total trading of 31.35 billion HKD, including 11.33 billion HKD in buying and 20.01 billion HKD in selling [2] Group 3: Sector Insights - Northbound investors increased their positions in semiconductor stocks, with Hua Hong Semiconductor and SMIC receiving net inflows of 868.1 million HKD and 760.6 million HKD, respectively [5] - Morgan Stanley's report indicates that the AI-driven semiconductor cycle is expected to extend beyond typical cycles, providing strong support for Asian tech stocks in 2026 [5] - Tencent's third-quarter financial report showed a revenue of 192.87 billion CNY, a 15% year-on-year increase, with significant growth in value-added services and gaming revenue [6]