The Hang Seng Index fell 71 points in the half-day session, POP MART dropped 4.7%, CKH HOLDINGS and Sun Hung Kai Properties reached 52-week highs | Hong Kong stock market opens

The Hang Seng Index opened 171 points higher this morning, reaching a maximum increase of 252 points, peaking at 27,176 points. However, it could not maintain above 27,000, and the market turned from gains to losses, dropping as much as 83 points. It closed at 26,851 points, down 71 points or 0.27%; the half-day turnover was HKD 140.79 billion. The Tech Index fell 12 points or 0.22%, reporting 5,815 points. Financial Secretary Paul Chan stated at a Legislative Council meeting that stamp duty is an important part of government revenue and will not be further reduced for stock stamp duty. Related article: Paul Chan firmly states that stock stamp duty will not be reduced unless external conditions undermine competitiveness. Tech stocks showed mixed developments, with Alibaba (9988) up 1%; NetEase (9999) up 0.37%; Tencent (700) down 0.8%; Meituan (3690) down 0.79%; JD.com (9618) down 0.95%; Xiaomi (1810) down 1.58%. Alibaba Health Drops by Half Alibaba Health (241) continued to adjust, falling 5.43% in the half-day. Ping An Good Doctor (1833) and JD Health (6618) both dropped 2%. POP MART (9992) fell 4.75% in the half-day, reaching about a one-year low. WuXi Biologics (2269) was proposed by major shareholders to place 150 million shares at HKD 38.52 per share, resulting in a half-day drop of 0.9%. Li Ning Receives Positive Ratings from Major Banks Techtronic Industries (669) rose 4.26% in the half-day, making it the best-performing blue chip; Li Ning (2331) received a target price increase from major banks, rising 3.73%. According to reports, CKH Holdings is seeking to list Watsons in Hong Kong and London as early as next quarter. CKH Holdings (001) rose 1%, reporting HKD 60.1, reaching about a four-year high. Sun Hung Kai Properties (016) rose 1.35% in the half-day, reporting HKD 112.6, reaching over a two-year high. New World Development (017) rose 2.21% in the half-day. ——— 0930: TSMC's strong performance, along with this year's revenue guidance reflecting the ongoing AI boom, stimulated a rebound in U.S. tech stocks. The three major indices stabilized after a decline on Thursday, with the Dow closing up 292 points or 0.6%, reporting 49,442 points; the S&P 500 rose 17 points or 0.26%, reporting 6,944 points; the Nasdaq rose 58 points or 0.25%, reporting 23,530 points; the Golden Dragon Index, reflecting the performance of Chinese concept stocks, retreated 0.6%, reporting 7,809 points. TSMC's ADR stock price hit a new high, closing up 4.4%, reporting USD 341.64. NVIDIA rose 2.13%, AMD rose 2%, Micron Technology, Amazon, and Meta all rose nearly 1%, while Alphabet, Microsoft, and Apple fell 0.9%, 0.6%, and 0.6%, respectively. Bank stocks performed well after earnings, with BlackRock and Morgan Stanley rising over 5%, and Goldman Sachs and Citigroup rising over 4%. In terms of economic data, the U.S. Department of Labor announced that for the week ending January 10, initial claims for unemployment benefits decreased by 9,000 to 198,000, less than the expected 215,000; for the week ending January 3, continuing claims for unemployment benefits fell by 19,000 to 1.884 million, also less than the expected 1.897 million WuXi Biologics Faces Major Shareholder Reduction In the Hong Kong stock market, the Hang Seng Index opened 171 points higher this morning, reporting 27,094 points. Tencent (700) rose 0.8%; Alibaba (9988) rose 2%; Meituan (3690) rose 1%; Xiaomi (1810) rose 0.37%; JD.com (9618) fell 0.52%. WuXi Biologics (2269) opened 3.39% lower, reporting HKD 38.66, as the company plans to place 150 million shares at HKD 38.52 each, a discount of 3.75% compared to Thursday's closing price of HKD 40.02. YouRan Dairy (9858) raised a total of HKD 2.346 billion through a method of issuing old shares first and then new shares to its controlling shareholder Yili. The placement price is HKD 3.92, an 8.84% discount compared to Thursday's closing price of HKD 4.3. YouRan Dairy's stock price fell 5.11%. CKH Holdings (001) opened 2.18% higher, reporting HKD 60.75, with reports that CKH is seeking to list Watsons in Hong Kong and London as early as next quarter. Luoyang Molybdenum (3993) issued a positive profit alert, expecting an increase of 47.8% to 53.71% last year, opening 0.98% higher. Regarding the movement of northbound capital, on Thursday, net selling of Hong Kong stocks amounted to HKD 1.515 billion. Alibaba (9988), Tencent (700), and SMIC (981) saw net purchases of HKD 1.976 billion, HKD 643 million, and HKD 181 million, respectively; while China Mobile (941), Xiaomi (1810), and CNOOC (883) experienced net selling of HKD 791 million, HKD 491 million, and HKD 366 million, respectively