Northbound Trading Net Sells HK$59.95 Billion on July 10; Accumulates HK$28.4 Billion in Zhipu

According to ZhiTong Finance, northbound trading recorded net outflows of HK$59.95 billion on July 10, with Shanghai-Hong Kong Connect net selling HK$33.44 billion and Shenzhen-Hong Kong Connect net selling HK$26.51 billion.

Zhipu (02513) led net inflows at HK$28.43 billion, marking strong northern capital accumulation following its HK$31.4 billion placement. Meanwhile, select AI hardware stocks faced headwinds, with China Integrated Circuit Manufacturing (00981) and Long-Haul Optical Fiber and Cable (06869) recording net outflows of HK$5.09 billion and HK$7.08 billion respectively. According to GuoLian'an Fund, the selloff reflects profit-taking as AI hardware trades tighten, with accumulated unrealized gains triggering caution.