Northbound funds | Northbound trading saw a net selling of 7.717 billion yuan, with Northbound investors continuing to reduce their holdings in technology stocks and Hong Kong-listed ETFs. They made a new position in Semiconductor Manufacturing International Corporation (00981) with nearly 2 billion Hong Kong dollars.

On May 27th, the collective net sales of the Northbound funds in the Hong Kong stock market amounted to 7.717 billion Hong Kong dollars. Among them, the net buying of the Shanghai-Hong Kong Stock Connect was 1.614 billion Hong Kong dollars, while the net selling of the Shenzhen-Hong Kong Stock Connect was 9.332 billion Hong Kong dollars. The top stocks that received the most net buying from the Northbound funds were Semiconductor Manufacturing International Corporation (00981), XIAOMI-W (01810), and Montage Technology (06809). The top stocks that received the most net selling from the Northbound funds were BABA-W (09988), TRACKER FUND OF HONG KONG (02800), and CSOP Hang Seng TECH Index ETF (03033). Active turnover stocks in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect were also mentioned and analyzed in the report. In terms of individual stocks, there were significant net buying activities in Semiconductor Manufacturing International Corporation (00981) and Montage Technology (06809), while HUA HONG SEMI (01347) experienced net selling. This was accompanied by news analysis on Semiconductor Manufacturing International Corporation exploring 3D IC principles and the positive impact on the Chinese semiconductor supply chain. XIAOMI-W (01810) also received significant net buying with news on its first-quarter performance results and its stock repurchase plan. Similarly, GigaDevice Semiconductor Inc. (03986) saw net buying activity in the market amidst news on its Chairman's stock transactions. Lastly, the report also covered net selling activities in stocks like Tencent (00700) and BABA-W (09988), along with detailed news analysis on the oil market and the impact of US-Iran negotiations on crude oil prices. Messages from Guolian Minsheng Securities on AI capital expenditures and the market's reaction to US Federal Reserve's policies were also discussed. Overall, there was a trend of selling Hong Kong ETFs by the Northbound funds, with specific figures given for TRACKER FUND OF HONG KONG (02800), CSOP Hang Seng TECH Index ETF (03033), and Hang Seng H-Share Index ETF (02828). Additional individual stock analysis was provided for RADIANCE HLDGS (09993) and YOFC (06869) to give a comprehensive overview of the market activities on May 27th.