HK Stock Market Move | Hong Kong Stock Exchange (00388) falls more than 4% in the morning, increased market volatility caused by the Gray Rhino event Hong Kong Stock Exchange will release its quarterly report in early next month.

Hong Kong stock Exchange (00388) fell more than 4% in the morning. As of the time of publication, it has fallen by 4.68% to 423.8 Hong Kong dollars, with a trading volume of 36.23 billion Hong Kong dollars. Huatai released a research report stating that the Gray Rhino incident has increased market volatility. Short-term funds and emotions still have room for release, and "TACO" transactions need to be conducted in batches. Galaxy Securities released a research report stating that in the short term, the escalation of Sino-US trade frictions has led to a decrease in investor risk appetite, driving Hong Kong stock valuations to fall. However, with the support of domestic stable growth policies and the impact of measures to stabilize the stock market with medium and long-term funds, investor sentiment is expected to gradually stabilize. Currently, the overall valuation of Hong Kong stocks is at historically high levels, and it is expected that the Hong Kong stock market will fluctuate widely in the future. UBS released a research report stating that the Hong Kong Stock Exchange will announce its third-quarter performance next month. It is currently forecasting that quarterly revenue and net profit will increase by 43% and 53% year-on-year, reaching 7.7 billion and 4.8 billion respectively, reaching a new high. UBS's forecast is 8% and 11% higher than the general market expectation. Due to the market sentiment and the increasing participation of southbound funds, the daily trading volume forecast for 2025 to 2027 has been raised by 9% to 16%, and the earnings per share forecast for the Hong Kong Stock Exchange has been raised by 7% to 12%, with a target price of 485 Hong Kong dollars and a "neutral" rating.