Hong Kong-listed technology and internet stocks fell, with JD.com (09618.HK) and Kuaishou (01024.HK) falling more than 3%, Bilibili (09626.HK) falling 2.5%, Meituan (03690.HK) falling 2.3%, and Tencent Holdings (00700.HK) falling more than 2%.

2025-06-19 11:17:07

JD Meituan Tencent

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Weekly Highlights

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                                    Southbound funds made a large net purchase of 5.743 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Meituan-W received net purchases of HK$1.108 billion and HK$493 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$1.489 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Kangfang Biopharma received net purchases of HK$622 million and HK$206 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$391 million.
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                                    Arm (ARM.O): We are better than Nvidia on a wider range of platforms.
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                                    Espressif: Wi-Fi 7 and AI computing chips will be launched in the next two to three years
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                                    JD.com: Stablecoin is being tested in the Hong Kong Monetary Authority and is expected to be launched in the fourth quarter of this year
                            2025-06-19