{Market Preview}Investors can consider JD

  The Hang Seng Index reported 19,234 points in the morning session, down 401 points or 2%. The total turnover on the main board exceeded HKD 80.5 billion. The Hang Seng China Enterprises Index reported 6,829 points, down 135 points or 1.9%. The Hang Seng Tech Index reported 4,003 points, down 131 points or 3.2%.
  The three most traded stocks on the Hang Seng Index are Tencent (00700), Li Auto (02015), and Alibaba (09988). Tencent's stock is priced at HKD 383, down HKD 12 or 3%, with a turnover of HKD 6.28 billion. Li Auto's stock is priced at HKD 80.7, down HKD 19.2 or 19.2%, with a turnover of HKD 2.767 billion. Alibaba's stock is priced at HKD 84.35, down HKD 1 or 1.2%, with a turnover of HKD 1.879 billion. The three most traded stocks on the Hang Seng China Enterprises Index are Tencent, Li Auto, and Alibaba. The three most traded stocks on the Hang Seng Tech Index are Tencent, Li Auto, and Alibaba.

"Nip Chun Pong: Hang Seng Index remains optimistic unless it closes below 19,000 points"

  Hong Kong stocks experienced a significant reversal, with a sharp drop of 200 points in the morning session, falling more than 400 points by midday. Nip Chun Pong, the Chief Strategist at Blackwell Global Asset Management, told ET Net News Agency that the Hang Seng Index has shown a doji pattern in the daily chart over the past two trading days, and market turnover has contracted. The "price rise with reduced volume" reflects significant selling pressure at the high level of the Hang Seng Index. He predicts that as long as the index does not close below 19,000 points, the overall situation remains optimistic, otherwise it may indicate a temporary end to the recent upward trend.

"Can choose e-commerce stocks for 618 concept, short video live-streaming stocks may experience a reversal"

  The "618" shopping festival in Mainland China started earlier this year, and stocks of e-commerce companies such as Alibaba and JD (09618) have already seen speculative gains. Nip Chun Pong analysed that the early start of "618" reflects the concerns of e-commerce companies about their sales performance this year. By starting early, they can secure higher sales volume. He predicts that this year's "618" sales performance will remain steady compared to the previous year, but stocks related to the short video live-streaming concept may not perform as well. Last year's sales were exceptional, and this year, with a higher base, the growth may be limited. In addition, the stocks related to short video platforms have already performed well, so he is relatively cautious about this concept. On the other hand, e-commerce stocks themselves are expected to stabilize.
  Alibaba's stock price came under pressure after the release of its financial results, but it rebounded above HKD 84 the next day. Nip Chun Pong pointed out that Alibaba has risen by more than 20 or about 30% since April. If there is a short-term market correction, it may experience significant selling pressure. He suggests considering buying when the stock price falls to around HKD 82. As for JD, he mentioned that its stock price has been relatively stable recently. If the stock price does not fall below HKD 130, the trend is still favourable for investors, with a potential upward target of HKD 150.