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港股第一眼
wrote a column · Apr 23 17:55

HK Stock Review | HK Stocks Continue to Cool, Hang Seng Tech Index Down for Third Consecutive Day, Leapmotor Plummets Nearly 8%

Today (April 23), the Hong Kong stock market continued its adjustment, with the Hang Seng Index falling for two consecutive days and the Hang Seng Tech Index retreating for three consecutive days.
At the close, the Hang Seng Index stood at 25,915.20 points, down 248.04 points or 0.95%.
Today (April 23), the Hong Kong stock market continued its adjustment, with the Hang Seng Index falling for two consecutive days and the Hang Seng Tech Index retreating for three consecutive days. At the close, the Hang Seng Index stood at 25,915.20 points, down 248.04 points or 0.95%. The Hang Seng Tech Index closed at 4,865.52 points, down 98.42 points or 1.98%. The persistent weakness in the short-term market has led to a correction in previously strong stocks. Among them, MINIMAX-W (HK00100) fell more than 7%, breaking below the key level of 900 Hong Kong dollars, while Yangtze Optical Fiber and Cable (HK06869) dropped over 5%. Shenghong Technology (HK02476), which was newly listed not long ago, plunged over 5%, and Cambridge Technology (HK06166) fell more than 4%. Among the strong performers, only Zhipu (HK02513) continued to hit new highs today. At the close, Zhipu rose more than 4%, ending at 1,028 Hong Kong dollars. This marks the first time Zhipu has closed above 1,000 Hong Kong dollars since its listing. Within the Hang Seng Tech Index components, the new energy vehicle sector performed poorly, with Leapmotor (HK09863) dropping 7.99%, XPeng Group falling over 6%, BYD shares declining over 3%, and Li Auto and Nio experiencing slight pullbacks. Elsewhere, technology and internet stocks generally declined, with NetEase and Kuaishou both falling over 2%. Oil and gas stocks were active, with Shandong Molong rising over 10%. Gold stocks broadly retreated, with Lingbao Gold falling over 5%. On the capital front, despite market adjustments, southbound funds remained robust...
The Hang Seng Tech Index closed at 4,865.52 points, down 98.42 points or 1.98%.
Today (April 23), the Hong Kong stock market continued its adjustment, with the Hang Seng Index falling for two consecutive days and the Hang Seng Tech Index retreating for three consecutive days. At the close, the Hang Seng Index stood at 25,915.20 points, down 248.04 points or 0.95%. The Hang Seng Tech Index closed at 4,865.52 points, down 98.42 points or 1.98%. The persistent weakness in the short-term market has led to a correction in previously strong stocks. Among them, MINIMAX-W (HK00100) fell more than 7%, breaking below the key level of 900 Hong Kong dollars, while Yangtze Optical Fiber and Cable (HK06869) dropped over 5%. Shenghong Technology (HK02476), which was newly listed not long ago, plunged over 5%, and Cambridge Technology (HK06166) fell more than 4%. Among the strong performers, only Zhipu (HK02513) continued to hit new highs today. At the close, Zhipu rose more than 4%, ending at 1,028 Hong Kong dollars. This marks the first time Zhipu has closed above 1,000 Hong Kong dollars since its listing. Within the Hang Seng Tech Index components, the new energy vehicle sector performed poorly, with Leapmotor (HK09863) dropping 7.99%, XPeng Group falling over 6%, BYD shares declining over 3%, and Li Auto and Nio experiencing slight pullbacks. Elsewhere, technology and internet stocks generally declined, with NetEase and Kuaishou both falling over 2%. Oil and gas stocks were active, with Shandong Molong rising over 10%. Gold stocks broadly retreated, with Lingbao Gold falling over 5%. On the capital front, despite market adjustments, southbound funds remained robust...
The short-term market continued to weaken, causing previously strong stocks to undergo adjustments. Among them, MINIMAX-W (HK00100) fell more than 7%, breaking below the key level of 900 Hong Kong dollars. Changfei Fiber Optic Cable (HK06869) dropped over 5%, newly listed Shenghong Technology (HK02476) declined over 5%, and Cambridge Technology (HK06166) fell more than 4%. Among the strong stocks, only Zhipu (HK02513) continued to hit new highs today. At the close, Zhipu rose over 4%, finally closing at 1,028 Hong Kong dollars. This is also the first time Zhipu has closed above 1,000 Hong Kong dollars since its listing.
Today (April 23), the Hong Kong stock market continued its adjustment, with the Hang Seng Index falling for two consecutive days and the Hang Seng Tech Index retreating for three consecutive days. At the close, the Hang Seng Index stood at 25,915.20 points, down 248.04 points or 0.95%. The Hang Seng Tech Index closed at 4,865.52 points, down 98.42 points or 1.98%. The persistent weakness in the short-term market has led to a correction in previously strong stocks. Among them, MINIMAX-W (HK00100) fell more than 7%, breaking below the key level of 900 Hong Kong dollars, while Yangtze Optical Fiber and Cable (HK06869) dropped over 5%. Shenghong Technology (HK02476), which was newly listed not long ago, plunged over 5%, and Cambridge Technology (HK06166) fell more than 4%. Among the strong performers, only Zhipu (HK02513) continued to hit new highs today. At the close, Zhipu rose more than 4%, ending at 1,028 Hong Kong dollars. This marks the first time Zhipu has closed above 1,000 Hong Kong dollars since its listing. Within the Hang Seng Tech Index components, the new energy vehicle sector performed poorly, with Leapmotor (HK09863) dropping 7.99%, XPeng Group falling over 6%, BYD shares declining over 3%, and Li Auto and Nio experiencing slight pullbacks. Elsewhere, technology and internet stocks generally declined, with NetEase and Kuaishou both falling over 2%. Oil and gas stocks were active, with Shandong Molong rising over 10%. Gold stocks broadly retreated, with Lingbao Gold falling over 5%. On the capital front, despite market adjustments, southbound funds remained robust...
Among the components of the Hang Seng Tech Index, the new energy vehicle sector performed poorly. Leapmotor (HK09863) fell by 7.99%, XPeng Group dropped over 6%, BYD shares fell over 3%, while Li Auto and Nio saw slight declines.
Today (April 23), the Hong Kong stock market continued its adjustment, with the Hang Seng Index falling for two consecutive days and the Hang Seng Tech Index retreating for three consecutive days. At the close, the Hang Seng Index stood at 25,915.20 points, down 248.04 points or 0.95%. The Hang Seng Tech Index closed at 4,865.52 points, down 98.42 points or 1.98%. The persistent weakness in the short-term market has led to a correction in previously strong stocks. Among them, MINIMAX-W (HK00100) fell more than 7%, breaking below the key level of 900 Hong Kong dollars, while Yangtze Optical Fiber and Cable (HK06869) dropped over 5%. Shenghong Technology (HK02476), which was newly listed not long ago, plunged over 5%, and Cambridge Technology (HK06166) fell more than 4%. Among the strong performers, only Zhipu (HK02513) continued to hit new highs today. At the close, Zhipu rose more than 4%, ending at 1,028 Hong Kong dollars. This marks the first time Zhipu has closed above 1,000 Hong Kong dollars since its listing. Within the Hang Seng Tech Index components, the new energy vehicle sector performed poorly, with Leapmotor (HK09863) dropping 7.99%, XPeng Group falling over 6%, BYD shares declining over 3%, and Li Auto and Nio experiencing slight pullbacks. Elsewhere, technology and internet stocks generally declined, with NetEase and Kuaishou both falling over 2%. Oil and gas stocks were active, with Shandong Molong rising over 10%. Gold stocks broadly retreated, with Lingbao Gold falling over 5%. On the capital front, despite market adjustments, southbound funds remained robust...
Elsewhere in the market, tech internet stocks generally declined, with NetEase and Kuaishou falling over 2%. Oil and gas stocks were active, with Shandong Molong rising over 10%. Gold stocks mostly fell, with Lingbao Gold dropping more than 5%.
In terms of capital flows, despite market adjustments, southbound capital maintained strong 'buying power.' By the close, southbound funds had cumulatively net purchased nearly 8.6 billion Hong Kong dollars worth of Hong Kong stocks.
Today (April 23), the Hong Kong stock market continued its adjustment, with the Hang Seng Index falling for two consecutive days and the Hang Seng Tech Index retreating for three consecutive days. At the close, the Hang Seng Index stood at 25,915.20 points, down 248.04 points or 0.95%. The Hang Seng Tech Index closed at 4,865.52 points, down 98.42 points or 1.98%. The persistent weakness in the short-term market has led to a correction in previously strong stocks. Among them, MINIMAX-W (HK00100) fell more than 7%, breaking below the key level of 900 Hong Kong dollars, while Yangtze Optical Fiber and Cable (HK06869) dropped over 5%. Shenghong Technology (HK02476), which was newly listed not long ago, plunged over 5%, and Cambridge Technology (HK06166) fell more than 4%. Among the strong performers, only Zhipu (HK02513) continued to hit new highs today. At the close, Zhipu rose more than 4%, ending at 1,028 Hong Kong dollars. This marks the first time Zhipu has closed above 1,000 Hong Kong dollars since its listing. Within the Hang Seng Tech Index components, the new energy vehicle sector performed poorly, with Leapmotor (HK09863) dropping 7.99%, XPeng Group falling over 6%, BYD shares declining over 3%, and Li Auto and Nio experiencing slight pullbacks. Elsewhere, technology and internet stocks generally declined, with NetEase and Kuaishou both falling over 2%. Oil and gas stocks were active, with Shandong Molong rising over 10%. Gold stocks broadly retreated, with Lingbao Gold falling over 5%. On the capital front, despite market adjustments, southbound funds remained robust...
Outlook for the Future
Zhejiang Securities pointed out that in an environment where market risk appetite is declining and pressure on fundamental validation is increasing, the Dividend Low Volatility strategy highlights its defensive value through dual anti-drawdown barriers of high dividends, stable profitability, and bond floor protection, making it an ideal tool for balancing returns and drawdowns in a volatile market.
Yingda Securities believes that geopolitical tensions and the quality of Q1 earnings will be key factors determining the willingness of capital to return in the second quarter. The main logic of 'earnings supremacy' is expected to return in Q2. When positioning, safety and profitability should be prioritized, focusing on a balanced configuration of 'stability + offense,' while avoiding purely speculative concept stocks with poor performance.
Disclaimer: The content and data provided in this article are for reference only and do not constitute investment advice. Verify before use. Any actions taken based on this information are at your own risk.
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