Tensions between the US and Europe have eased, coupled with robust US economic data, leading to a continued rebound in US stocks on Thursday. The Dow Jones Industrial Average closed up 306 points or 0.63%, at 49,384 points; the S&amp;P 500 rose 37 points or 0.55%, at 6,913 points; the Nasdaq increased by 211 points or 0.91%, at 23,436 points; the Golden Dragon Index, reflecting the performance of Chinese concept stocks, rebounded by 1.58%, at 7,899.1 points.
Major tech stocks generally rose, with NVIDIA up 0.83%, Apple up 0.28%, Microsoft up 1.58%, Alphabet up 0.66%, Amazon up 1.31%, and Meta up 5.66%. Tesla rose 4.15%, as Musk attended the Davos Forum and revealed plans to publicly launch the Optimus robot next year.
In terms of economic data, the US Department of Labor reported that the number of initial jobless claims for the week ending January 17 increased by 1,000 to 200,000, which was lower than the expected 209,000; the number of continuing claims decreased by 26,000 to 1.849 million, also below the expected 1.89 million. Additionally, the US GDP for the third quarter of 2025 was revised to a growth of 4.4%, the fastest growth in two years, slightly higher than the initial estimate of 4.3%. The Core Personal Consumption Expenditures (PCE) price index for November last year rose 2.8% year-on-year, in line with expectations.
In the Hong Kong stock market, the Hang Seng Index opened 231 points higher this morning, at 26,861 points. Alibaba's (9988) chip company is rumored to be independently listed, with its stock price opening up 3.88% at HKD 171.2. JD.com (9618) rose 2.63%; Meituan (3690) rose 0.3%, while Tencent (700) remained unchanged. Xiaomi (1810) announced a HKD 2.5 billion automatic share buyback plan, with its stock price rising 0.73%.
POP MART (9992) rose 4.27%, as reports indicated that its &#34;Star People&#34; Valentine's Day limited edition blind box has a hidden price premium of nearly 7 times.
Regarding the flow of northbound capital, on Thursday, net purchases of Hong Kong stocks amounted to HKD 5.239 billion. Alibaba (9988), China National Offshore Oil Corporation (883), and Kuaishou (1024) saw net purchases of HKD 1.413 billion, HKD 592 million, and HKD 479 million, respectively; while China Mobile (941), Tencent Holdings (700), and Horizon Robotics (9660) experienced net sales of HKD 874 million, HKD 669 million, and HKD 121 million, respectively

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The Hang Seng Index opened 231 points higher this morning, reporting at 26,861 points. Alibaba's chip company is rumored to be going public independently, with its stock price opening up 3.88% at HKD 171.2. POP MART rose 4.27% due to the attention on its Valentine's Day limited edition blind boxes. U.S. stocks rebounded, with technology stocks generally rising, supported by robust economic data, as the Labor Department reported unemployment claims lower than expected. Southbound funds net bought HKD 5.239 billion in Hong Kong stocks, with Alibaba and several other stocks receiving net purchases

- US stocks rebounded on Thursday amid easing tensions with Europe and strong economic data, with the Dow Jones rising 306 points to 49,384.  
- The US labor department reported an increase of 1,000 in initial unemployment claims to 200,000, below expectations, and GDP growth was revised to 4.4% for Q3 2025.  
- In Hong Kong, the Hang Seng Index rose 231 points to 26,861, supported by significant net buying from southbound funds, particularly for Alibaba and JD.com.

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The Hang Seng Index opened up 231 points. Alibaba's chip business is rumored to be listed independently, with its stock price rising 3.8%. POP MART rose 4% | Hong Kong stock market opens