Stocks Keep Steady Amid A Shares and Hong Kong Market Fluctuations Before Nvidia Report

Stocks Fluctuate Ahead of Key Earnings Report

As stocks demonstrate fluctuations, Hong Kong stocks faced pressure from regional market weaknesses. Investors have pulled back on risk-taking ahead of Nvidia's highly anticipated earnings report, which is pivotal for the ongoing tech rally amid AI advancements.

Market Reactions and Specifics

• The Hang Seng Index dipped 0.1% to 17,849.29.
• The Tech Index weakened by 1.2%.
• The Shanghai Composite Index showed a 0.3% decline.

Baidu fell 2.4% to HK$82.60, while NetEase dropped 2.3% to HK$128.60. Alibaba faced a 0.8% decline to HK$79.35.

Buyback Programs Impact Market Sentiment

Amidst the downturn, stock buyback initiatives have mitigated losses. JD.com advanced 1.9% to HK$103.60 after announcing a US$5 billion buyback program stretching until August 2027. Anta Sports surged 8.9% to HK$78, also unveiling a buyback strategy worth up to HK$10 billion.

Mainland China Market Movements

• China Capital Fund rose by 4% to 2.57 yuan.
• Anhui Jialiqi skyrocketed by 254% to 64 yuan.

Regional Index Trends

In regional market performance, Japan's Nikkei 225 dropped 0.3%, Australia's S&P/ASX 200 decreased 0.6%, and South Korea's Kospi declined by 0.5%.

Investors will be closely watching the Nvidia earnings call on Wednesday to determine if its substantial stock rally is grounded in sound fundamentals, specifically following a 160% price surge this year.