Northbound funds | Northbound trading net purchase of 6.303 billion, Northbound continues to sell SMIC National Semiconductor, and all-day rush to increase funds for Meituan (03690) by more than 1.1 billion Hong Kong dollars.

On October 17, the net purchase of Northbound funds in the Hong Kong stock market was 6.303 billion Hong Kong dollars, with a net purchase of 5.656 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net purchase of 0.647 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect. The top three stocks that Northbound funds purchased the most were MEITUAN-W (03690), TRACKER FUND OF HONG KONG (02800), and CNOOC Limited (00883). The top three stocks that Northbound funds sold the most were BABA-W (09988), Semiconductor Manufacturing International Corporation (00981), and HUA HONG SEMI (01347). The active stocks traded through the Shanghai-Hong Kong Stock Connect were: MEITUAN-W (03690) received a net purchase of 1.149 billion Hong Kong dollars. In terms of news, Meituan announced the upgrade of its "Prosperity Plan" for restaurant merchants, introducing four measures to help merchants maintain profits and healthy development. TRACKER FUND OF HONG KONG (02800) received a net purchase of 0.937 billion Hong Kong dollars. Amid the recent escalation of the US-China trade frictions, short-term uncertainty has increased. However, the overall stable logic of the Hong Kong stock market remains different, with the continued inflow of southbound funds and the expected significant improvement in market liquidity due to the Federal Reserve's anticipated rate cut. CNOOC Limited (00883) received a net purchase of 0.539 billion Hong Kong dollars. In terms of news, it is expected that Brent crude oil prices will trend weakly in October, with the price range expected to be between 60-67 US dollars per barrel. XIAOMI-W (01810) received a net purchase of 0.414 billion Hong Kong dollars. With regard to news, Xiaomi Group's stock price showed fluctuations this week, mainly influenced by multiple news hotspots and market rumors. POP MART (09992) received a net purchase of 0.394 billion Hong Kong dollars. It is mentioned in the news that the popularity of POP MART's "Star People" series continued to rise, and the "Labubu" series stabilized after a supply shock. Northbound funds continued to sell chip stocks, with HUA HONG SEMI (01347) and Semiconductor Manufacturing International Corporation (00981) experiencing net sales of 0.892 billion and 1.578 billion Hong Kong dollars respectively. On October 7th, the US House "Special Committee" issued an important report on the export control of semiconductor products to China. BABA-W (09988) experienced a net sell of 2.153 billion Hong Kong dollars. In terms of news, the Double 11 e-commerce promotion has entered an intensive start-up period. Additionally, TRANSTHERA-B (02617) received a net purchase of 39.92 million Hong Kong dollars, while Tencent (00700) and ZTE Corporation (00763) saw net sales of 0.366 billion and 0.161 billion Hong Kong dollars respectively.