China Ruyi Holdings saw intraday strength, reaching a high of HK$1.505 before ending at HK$1.495, up 9.5% for the session. The move came as the shares surpassed their 100-day moving average of HK$1.442, according to ETNet.

About 96.46 million shares were traded, amounting to HK$142 million in turnover. The stock has advanced for three consecutive sessions, accumulating a 22.5% rise.

The active buy-sell ratio stood at 70:30 in favor of buying, yielding net active buying of HK$54.46 million.

Dexin-B (02526) advanced 21.1% to HK$600, on turnover of about HK$17.73 million from 30,000 shares, according to ETNet.

The stock peaked at HK$600 and traded as low as HK$465 during the session.

At 9:49 AM, the surge triggered the exchange’s volatility-control mechanism, sending the stock into a five-minute cooling-off period during which trades were restricted to between HK$446.4 and HK$603.5. Normal trading was scheduled to resume at 9:54 AM.

Dexin-B is a constituent of the Hang Seng Composite MidCap Index. The cooling-off rule activates when a stock’s price moves more than 15% from the last traded price five minutes earlier in continuous trading sessions.

ZTE Corp rose as much as 10.0% to HK$1,108, then eased to HK$1,100, up 9.3%, after breaking above its 20-day moving average of HK$1,077.07, according to ETNet.

The stock traded 1.1519 million shares worth HK$1.245 billion. It has gained for three straight sessions, with a cumulative rise of 10.6%.

The active buy-sell ratio was 70:30, with net active buying of HK$471 million.

Fund filings reported by ETNet reveal a wave of changes to holdings among companies listed in Hong Kong. Several asset managers adjusted their positions across different names, with some boosting stakes and others trimming.

JPMorgan Chase & Co increased its holdings in Kingdee International, China Southern Airlines, Xinyi Solar and Hesai. The firm trimmed its positions in Cathay Pacific, Jiangxi Copper, CRRC, Meituan, CICC and Lens Technology.

Morgan Stanley lifted its stake in Pony AI, adding to its position.

Brandes Investment Partners expanded its stake in First Pacific.

Oaktree Capital Management reduced its exposure to LEAD Intelligent.

Temasek Holdings lowered its position in Sino Biopharmaceutical.

Additionally, UBS Group, E Fund Management, Sun Life Financial, Invesco and China International Capital Corporation executed moves affecting Hesai, BeOne Medicines, Tigermed, CNOOC Oilfield Services and Pony AI.

The Hong Kong Exchanges and Clearing (HKEX) Southbound Stock Connect on Friday highlighted the top 10 most actively traded stocks, including MiniMax (00100), SMIC (00981), Zhipu (02513), Kingboard Laminates (01888), Hua Hong Semiconductor (01347), Tencent (00700), Akeso (09926), Alibaba (09988), Genscript Biotech (01548) and Yangtze Optical Fibre and Cable (06869), according to ETNet.

In the Shanghai-bound channel, MiniMax recorded HK$2.304 billion in buys and HK$2.022 billion in sells for a net inflow of HK$281.79 million. Kingboard Laminates posted a net inflow of HK$502.25 million, while Zhipu saw HK$481.45 million. Tencent had the largest net outflow at HK$620.50 million, followed by SMIC at HK$795 million.

In the Shenzhen-bound channel, Tencent again led turnover with HK$481.01 million in buys and HK$1.962 billion in sells for a net outflow of HK$1.481 billion. MiniMax topped net inflows at HK$665.84 million, while Alibaba recorded HK$207.63 million. Xiaomi (01810) also appeared in the Shenzhen-bound top 10 with a net outflow of HK$745.62 million.

Hong Kong stocks closed higher on Friday, with the Hang Seng Index up 437 points, or about 1.7%, to around 25,650 after opening 302 points higher and briefly trading at an intraday high near 25,791.

Southbound funds registered a net outflow of more than HK$10 billion for the day, reversing a net inflow of HK$3.395 billion from the previous session. Mainboard turnover rose 38.9% to nearly HK$276.9 billion, while Stock Connect Southbound trading accounted for about HK$106.7 billion, or 38.5% of total turnover.

Top net purchases were led by MiniMax (00100) at HK$948 million, followed by Zhipu (02513) at HK$607 million and Kingboard Laminates (01888) at HK$164 million. Tencent (00700) was the largest net seller at HK$2.102 billion, with SMIC (00981) and Akeso (09926) next at HK$904 million and HK$832 million. Alibaba (09988) also appeared among the top net buyers at HK$138 million, while Genscript Biotech (01548) and Hua Hong Semiconductor (01347) were notable net sellers at HK$824 million and HK$753 million, respectively.

Dozens of Latino lawmakers and leaders are pressing Kentucky Gov. Andy Beshear, who chairs the Democratic Governors Association, to commit $10 million to Texas’ gubernatorial contest, the letter obtained by Axios shows.

The letter contends that failing to invest would send a signal to Latino voters ahead of the 2026 and 2028 elections, and it notes that Texas state Rep. Gina Hinojosa has come closer than any recent candidate to winning the governorship without major DGA support.

Beshear said he expects more investment but would not specify a figure, arguing that publicly naming an amount could aid the Republican Governors Association. He also said the DGA is already covering expenses and providing staff.

DGA communications director Sam Newton said the group will be ready to capitalize on opportunities in the race.

The letter was also signed by Texas Reps. Greg Casar and Joaquin Castro, who argued that an Abbott victory would influence the U.S. House and said Gov. Greg Abbott could advance gerrymandering, potentially eliminating up to 10 additional Democratic-held congressional seats over the next four years.

Polymarket's betting option for the Daniil Medvedev vs. Frances Tiafoe match in the US Open ATP market moved sharply, sliding from 60.5% to 22.5% within an hour, according to Catcher Predict.

ChainCatcher reported a 38% swing in the submarket and suggested breaking news could have influenced the move.

Polymarket's submarket for the VCT Americas Stage 2 playoffs match between 100 Thieves and LOUD shows 100 Thieves' win probability fading from 81.5% to 58.5% within an hour, a 23-point swing.

ChainCatcher noted the shift, with Catcher Predict monitoring recording the move, which may reflect breaking-news developments.

Kalshi prematurely settled its Western Michigan vs. Michigan market before the game concluded, distributing payouts to the losing side and then reversing them after the result changed.

BeInCrypto cited the market as generating about $18.6 million in volume, and Kalshi subsequently reimbursed the incorrectly paid losers and paid Michigan holders last.

Kalshi's sports account noted a specific example: a $2,265 Western Michigan position that would have paid $93,201.

The sequence followed a Michigan court order on September 1 barring Kalshi from offering sports contracts in the state, with a $500,000 daily penalty.