On March 5, the Hang Seng Index opened 1.32% higher, while the Hang Seng Tech Index rose by 1.61%.
On March 5, the Hang Seng Index opened 1.32% higher, while the Hang Seng Tech Index rose by 1.61%. In the market, technology and internet stocks performed strongly, with SMIC gaining nearly 4%, and Hua Hong Semiconductor rising almost 4%. Auto stocks also saw gains, as Nio surged over 5%, and Geely Auto increased more than 4%.
Regarding the future outlook for Hong Kong stocks
Guoyuan Hong Kong believes that geopolitical risks have limited direct impact on the economy; however, short-term market risk aversion sentiment may rise, with the energy and commodities sectors expected to benefit. In the medium to long term, attention should be paid to the impact of Iran’s situation on overseas interest rate environments.
Galaxy Securities notes that Hong Kong stocks are temporarily affected by sentiment fluctuations in the short term, but fundamental support factors remain unchanged in the medium to long term. The technology sector continues to be a key focus, while cyclical sectors present allocation value. A recovery in the consumer sector depends on improvements in the broader macroeconomic environment.
Dongwu Securities stated that Hong Kong stock capital is sensitive to geopolitical developments, with short-term attention directed toward safe-haven assets such as oil and gas, non-ferrous metals, and defense (core stocks). The future performance of the Hang Seng Tech Index will depend on the return of U.S. tech investment trends.
This article is reprinted from ‘Tencent Self-Selected Stocks,’ edited by Lifu Li from Zhitong Finance.











