Hong Kong stock hot trading (8.13)｜ Hong Kong technology stocks fully exploded, Tencent hit a four-year high, Alibaba surged over 4%

Today's Hong Kong stocks opened high and moved higher. As of midday, the Hang Seng Technology Index's gains once expanded to 2.35%.

Chinese assets exploded across the board, with multiple tech companies recently releasing financial reports, attracting market attention.

Hong Kong stocks Tencent concept stocks collectively strengthened

$TME-SW(01698.HK) surged over 15%, Tencent Music achieved revenue of 8.442 billion RMB in the second quarter of 2025, a year-on-year increase of 17.9%. Advertising revenue increased by more than 30% year-on-year, and other income, including offline concerts and artist merchandise, doubled.

$CHINA LIT(00772.HK) surged over 16%, reaching a new high since July 2023; Yuewen Group announced last night that its interim results for the period ending June this year showed that shareholders' attributable profit was 850 million RMB, a year-on-year increase of 68.5%.

$TENCENT(00700.HK) rose over 3%, reaching a new high since June 2021. Tencent will release its second-quarter financial report for 2025 today. Citi expects Tencent's second-quarter results to be stable, estimating non-GAAP net profit to increase by 4.9% year-on-year to 60.1 billion RMB.

Tencent has increased its market value by more than 150 billion USD this year, but it is still 26% away from its historical high. The hedging cost of Tencent stocks has fallen from its peak in April, and analysts generally have a positive outlook on this second-largest market cap stock in Asia, with 66 buy ratings being the most in the region.

Other internet technology stocks in Hong Kong also surged today:

$BABA-W(09988.HK)

$BILIBILI-W(09626.HK)

$KUAISHOU-W(01024.HK)

$MEITUAN(03690.HK)

$JD-SW(09618.HK)

$WEIMOB INC(02013.HK)

$DAMAI ENT(01060.HK)

$BIDU-SW(09888.HK)

The expectation of the Federal Reserve's interest rate cut has greatly increased, which is also the main reason for the surge in Hong Kong technology stocks.Eastern Time August 12,US Treasury SecretaryBessent said that given the significant downward revision of employment data released last week and favorable inflation data, "interest rates should be cut by 50 basis points in September".

As tools for investors to capture short-term market fluctuations, the following leveraged products are worth paying attention to:

$FL2 CSOP HSI(07200.HK)

$XL2CSOPHSTECH(07226.HK)

$FI2 CSOP HSI(07500.HK)

$XI2CSOPHSTECH(07552.HK)

Today's other trading hotspots

Apple industry chain: Apple's increased investment in the US and tariff exemption expectations boosted the sector, with multiple companies seeing revenue growth in the first half of the year. $FIT HON TENG(06088.HK) rose 15%, $Q TECH(01478.HK) once rose 11%, $AAC TECH(02018.HK) once rose 6%, $BYD ELECTRONIC(00285.HK) once rose 4%.

Pharmaceutical stocks were active: The National Healthcare Security Administration announced the 2025 National Basic Medical Insurance, Maternity Insurance, and Work Injury Insurance Drug Directory and the list of drugs that passed the formal review for the commercial insurance innovative drug directory. This year, a total of 534 drugs passed the review (basic directory), setting a record high. Among them, $CANBRIDGE-B(01228.HK) rose over 36%, $AB&B BIO-TECH-B(02627.HK) rose over 24%, $VIVA BIOTECH(01873.HK) rose nearly 10%, $INNOVENT BIO(01801.HK) rose over 9%, $BEONE MEDICINES(06160.HK) rose over 4.9%.

In addition, Hong Kong pharmaceutical outsourcing concept stocks generally rose: $VIVA BIOTECH(01873.HK) rose nearly 10%, $JOINN(06127.HK) rose nearly 9%, $Asymchem(06821.HK), $PHARMARON(03759.HK) rose over 6%.