Zheng Quan Shi Bao Wang·2025-11-18 14:13Core Viewpoint - On November 18, the Hang Seng Index fell by 1.72%, closing at 25,930.03 points, while southbound funds through the Stock Connect recorded a net inflow of 7.466 billion HKD [1]. Group 1: Market Activity - The total trading volume for the Stock Connect on November 18 was 98.354 billion HKD, with a net buy of 7.466 billion HKD [1]. - The Shanghai Stock Connect had a trading volume of 61.750 billion HKD and a net buy of 2.745 billion HKD, while the Shenzhen Stock Connect had a trading volume of 36.604 billion HKD and a net buy of 4.721 billion HKD [1]. Group 2: Active Stocks - In the Shanghai Stock Connect, Alibaba-W had the highest trading volume at 5.863 billion HKD, followed by Tencent Holdings and Xiaomi Group with trading volumes of 3.912 billion HKD and 3.075 billion HKD, respectively [1]. - Alibaba-W recorded a net buy of 1.678 billion HKD despite a closing price drop of 0.19%, while Tencent Holdings had the highest net sell of 0.831 billion HKD, closing down by 2.04% [1]. - In the Shenzhen Stock Connect, Alibaba-W also led with a trading volume of 3.416 billion HKD and a net buy of 1.618 billion HKD, closing down by 0.19% [2].