Core Insights - Southbound capital transactions amounted to approximately 143.645 billion HKD, a decrease of about 38.5 billion HKD compared to the previous day, representing 45.49% of the total turnover of the Hang Seng Index, marking the third consecutive day below 50% [2] - Despite a short-term rebound in the Hang Seng Index, southbound capital saw a net sell-off of approximately 5.443 billion HKD, with the Shanghai-Hong Kong Stock Connect experiencing a net outflow of about 6.31 billion HKD and the Shenzhen-Hong Kong Stock Connect a net inflow of approximately 867 million HKD [2] - Significant sell-offs were noted in the Hang Seng China Enterprises Index and the Tracker Fund of Hong Kong, with net sales of 3.338 billion HKD and 8.575 billion HKD respectively [2] Individual Stock Performance - Alibaba-W saw a net buy of 857 million HKD, with a price increase of 3.86% and a total of 25.92 million shares added over the past five days [3] - Hua Hong Semiconductor experienced a net buy of 446 million HKD, with a price increase of 5.34% and a reduction of 1.78 million shares over the past five days [3] - Xiaomi Group-W had a net buy of 296 million HKD, with a price increase of 1.77% and an addition of 6.008 million shares over the past five days [3] - Pop Mart saw a net buy of 204 million HKD, with a price increase of 3.80% and an addition of 724,000 shares over the past five days [3] - Sanhua Intelligent Control had a net buy of 164 million HKD, with a significant price increase of 12.92% but a reduction of 58,000 shares over the past five days [3] - Semiconductor Manufacturing International Corporation (SMIC) faced a net sell of 642 million HKD, with a price increase of 3.61% and a reduction of 4.987 million shares over the past five days [3] Trading Activity Summary - The net flow of southbound capital for the day was -6.31 billion HKD for Shanghai-Hong Kong and +867 million HKD for Shenzhen-Hong Kong, resulting in a total net outflow of approximately -5.443 billion HKD [5] - Over the past month, the total net inflow for southbound capital was 623.29 billion HKD for Shanghai-Hong Kong and 918.02 billion HKD for Shenzhen-Hong Kong, leading to a cumulative inflow of 1,541.31 billion HKD [5] - The top active stocks in the Shanghai-Hong Kong Stock Connect included Alibaba-W, SMIC, and Hua Hong Semiconductor, with notable net flows and price changes [5]