According to ME News, on August 3 (UTC+8), market data showed that Hong Kong’s internet sector opened higher and continued to rise, with Alibaba up over 5%, New Oriental Selection up 3.92%, Baidu Group-SW up 3.78%, Kuaishou-W up 3.66%, Tencent Holdings up 2.69%, Bilibili-W up 2.37%, and Meituan-W and AliHealth also advancing. The Hong Kong internet ETF Hua Bao (513770), which holds significant positions in leading internet giants, rose 2.37%. (Source: PANews)
Hong Kong's internet sector rises, Alibaba surges over 5%
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Summary
The Fear & Greed Index shifted toward optimism as Hong Kong’s internet sector rose on August 3 (UTC+8). Alibaba surged over 5%, Dongfang Zhixun rose 3.92%, Baidu Group-SW increased 3.78%, Kuaishou-W gained 3.66%, Tencent climbed 2.69%, and Bilibili-W rose 2.37%. ETF inflows supported the rally, with the Huabao Hong Kong Internet ETF (513770) up 2.37%. Meituan-W and Alibaba Health also posted gains.
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