智通财经网·2025-11-17 09:57Core Insights - The Hong Kong stock market saw a net inflow of 84.48 billion HKD from northbound trading on November 17, with 43.35 billion HKD from the Shanghai Stock Connect and 41.13 billion HKD from the Shenzhen Stock Connect [1] Group 1: Stock Performance - The most bought stocks included the Tracker Fund of Hong Kong (02800), Alibaba-W (09988), and Xiaomi Group-W (01810) [1] - The most sold stocks were Ganfeng Lithium (01772), SMIC (00981), and XPeng Motors-W (09868) [1] - Alibaba-W recorded a net inflow of 20.7 billion HKD, driven by the announcement of its AI application "Qianwen" [5] - The Tracker Fund of Hong Kong (02800) had a net inflow of 37.26 billion HKD, with analysts suggesting limited further downside due to reasonable valuations [4][5] Group 2: Sector Insights - Semiconductor stocks showed divergence, with Hua Hong Semiconductor (01347) receiving a net inflow of 10.65 million HKD, while SMIC (00981) faced a net outflow of 73.29 million HKD [7] - Analysts expressed caution regarding SMIC's outlook due to potential demand pressures from the current memory cycle [7] - Ganfeng Lithium (01772) experienced a net outflow of 83.53 million HKD, with forecasts indicating limited upward price movement for lithium in the near term [7]