Hong Kong Apple concept stocks surge, Cowell up over 9%, Lens gains nearly 8%

Hong Kong Apple concept stocks surge, Cowell up over 9%, Lens gains nearly 8%

Hong Kong's stock market faced a significant setback as local funding costs surged, impacting equity investors and undermining the beleaguered property market. The one-month Hong Kong Interbank Offered Rate (Hibor) has nearly tripled, reaching above 2.8% in just five sessions, making margin financing more expensive [1]. This surge has added another headwind to a market that has been struggling this month, with investors bracing for an underwhelming earnings season and taking profits following a break-neck rally earlier in the year.

The Hang Seng Index has increased by only 1.5% so far this month, lagging behind the 5.6% gain in the CSI 300, an onshore benchmark. Analysts point to the Hibor spike, downward revisions in earnings-per-share, and delays to a new model from Chinese AI firm DeepSeek as factors likely to pause the rally [1].

Meanwhile, Apple Inc. concept stocks, particularly those listed in Hong Kong, have seen a notable surge. Cowell and Lens, two prominent Apple-related stocks, have seen significant gains. Cowell, a leading provider of Apple-related products and services, saw its stock price rise by over 9%, while Lens, another key player in the Apple ecosystem, gained nearly 8%.

Despite the funding cost challenges, the resilience of Apple-related stocks in Hong Kong suggests that investors are confident in the long-term prospects of Apple's ecosystem and the potential for growth in the technology sector. The surge in Apple concept stocks can be seen as a vote of confidence in Apple's ability to innovate and maintain its market dominance.

References:
[1] https://www.bloomberg.com/news/articles/2025-08-21/hong-kong-s-funding-cost-surge-is-another-headache-for-stocks