HK Market Recap: Hang Seng Index Rises 0.03%, CSI-300 Index Rises 0.2%! Concept Stocks Heat Up, Pinduoduo Surges Over 7%, China Shipbuilding Surges Over 7%, Tencent Surges Over 1%, Ideal Automobile Plunges Over 5%

August 6th news, the Hong Kong stock market's three main indexes rose and fell unevenly. As of closing, the Hang Seng Index rose 0.03%, reaching 24910.63 points, while the Hang Seng Technology Index rose 0.2% and the Red Chip Index fell 0.21%. On the trading floor, concept stocks rose and fell unevenly, with Tencent and Bilibili surging over 1%, while Meituan plunged over 1%; coal stocks surged, China Qinfa surging over 9%; military-related stocks soared, with China Shipbuilding (600685) surging over 7%.

Coal stocks surged, China Qinfa surging over 9%. Guangfa Securities (000776) pointed out that since early July, coal prices have risen by 450 yuan per ton or 37%, currently returning to the year-end high. The industry chain has entered a period of reduced demand after the peak season, with steel mills' blast furnaces operating at high levels and iron ore production maintaining a high level. Meanwhile, market speculative sentiment is also significantly improving due to expectations of reversing the trend.

Military-related stocks soared, China Shipbuilding surging over 7%. Shanxi Securities (002500) stated that with the start of the "15th Five-Year Plan" planning work and the approaching 2027 centennial military goal, military-related stocks' performance will bottom out in the second half of 2025 and re-enter an upward cycle.

Semiconductors and chip stocks led the way, with Jingdong Semiconductors surging over 6%. Tianfeng Securities (601162) released a research report stating that considering the global semiconductor industry's optimistic growth trend in 2025, AI-driven downstream growth is expected. Meanwhile, policy support for supply chain disruptions and reconstruction risks continues to rise, with domestic replacement ongoing. Second-quarter earnings forecast for various companies look bright, and it is recommended to pay attention to storage/power/design/ASIC/SoC performance.

Concept stocks heat up, Pinduoduo surges over 7%. Country Garden Holdings released a research report stating that concept stocks still have room for growth. With food additives, health products, beverages, and snacks as the main new consumer leaders, they will continue to grow driven by innovation, while management-driven growth will further widen the gap between leading companies and their competitors.