HK stocks’ buybacks exceed HK$100B; three sectors see insider buying

The scale of buybacks crossing the HK$100 billion mark signals a defensive posture among listed firms, particularly as the index faces liquidity-driven swings. Insider buying concentrated in AI, innovative drugs, and property-linked sectors points to where management sees underlying value or catalysts, even as broader sentiment remains shaky. The notable year-on-year jump in repurchased shares suggests companies are leaning on capital returns to support prices. Whether this insider conviction translates into sustained sector outperformance, or merely cushions downside, is the key dynamic to observe in coming sessions.