Hong Kong stocks rose and then fell back, with the Hang Seng Technology Index up 2.06%. The film and television media and telecommunications sectors led the gains, with Bilibili rising over 6.5%.

Southbound funds net sold HKD 5.737 billion, NIO-SW rose nearly 6%, JD-SWR rose over 3%, CLOUD MUSIC, Weibo, Alibaba, XPENG-W rose over 2%.

On August 4th, the Hong Kong stock market opened higher, with the Hang Seng Index up 1.3%, the Hang Seng TECH Index up 2.4%, and the Hang Seng China Enterprises Index up 1.66%. After an initial rise, the three major indexes experienced a slight retreat and remained volatile throughout the day. The Hang Seng Index closed up 0.61%, the Hang Seng China Enterprises Index closed up 1.21%, and the HSTECH ETF closed up 2.06%.

A total of 687 stocks rose, 822 remained unchanged, and 716 declined on the main board today. The net outflow of southbound funds was 5.737 billion Hong Kong dollars.

In terms of sector performance, the film and television media, online education, telecommunications, and finance sectors performed well, while the property, power, and coal sectors declined.

Bilibili opened with a gain of over 10%, but the gain later narrowed, closing up 6.58%. NIO rose nearly 6%, JD.com rose over 3%, and Meituan, Li Auto, NetEase, Weibo, Alibaba, and XPeng Motors rose over 2%.

Strong Performance in the Film and Television Media Sector

Maoyan Entertainment rose over 17%, while Alibaba Pictures and Huanxi Media rose over 4%.

Telecommunications Sector Leads the Gains

China Unicom rose by about 2%, China Mobile rose over 1%, and China Telecom saw a slight increase of 0.26%.

Active Financial Sector

中州 Securities rose more than 4.8%, CITIC Securities, Shenwan Hongyuan, and others led the gains. Guolian Securities opened higher but fell back, closing down 9% in the afternoon.