Market Performance - The Hong Kong stock market continued its rebound with various indices experiencing two consecutive days of gains, with the Hang Seng Index closing at 25,894.55 points, up 178.05 points, a rise of 0.69% [1] - The Hang Seng Tech Index closed at 5,612.03 points, increasing by 66.47 points, a gain of 1.20% [2] Sector Highlights - The hardware equipment sector led the market, with Hesai Technology (HK02525) surging over 13% following the announcement of its self-developed RISC-V lidar main control chip, Fermi C500, during its 2025 Technology Open Day [4] - Another lidar company, RoboSense (HK02498), saw a slight increase of 1% after announcing a partnership with Didi Autonomous Driving for a new generation of Robotaxi models equipped with 10 lidar units each [4] Other Notable Stocks - Tech stocks generally performed well, with Bilibili rising over 5%, Baidu and Xiaomi increasing by over 4%, Kuaishou up over 3%, and Alibaba gaining over 2% [6] - The metals sector also saw significant gains, with Tianqi Lithium rising over 4%, and insurance stocks generally performed well, with China Pacific Insurance increasing over 3% [6] Capital Flow - As of the market close, southbound funds recorded a net purchase of over 11.1 billion HKD in Hong Kong stocks [7] Market Outlook - Huatai Securities anticipates that the year-end unlock wave will exert technical selling pressure on the market, but expects significant inflows of southbound funds in early next year due to reallocation and seasonal market activity [9] - Haitong International believes that the Hong Kong market will continue to see inflows of incremental capital and gather quality assets, with a new upward cycle led by AI applications [9] - Longjiang Securities notes that concerns over the AI industry trends and uncertain Fed rate cut expectations may lead to a temporary tightening of liquidity, impacting the Hong Kong market more due to its offshore nature [10]
港股速报｜港股两连涨 南向资金扫货超百亿